Keystone Realtors Limited has informed the Exchange about Transcript
RUSTOMJEE · price
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Keystone Realtors (Rustomjee) reported its highest-ever quarterly presales of INR 1,068 crores, up 75% year-on-year, along with collections of INR 575 crores (19% growth). The company launched three projects with a combined Gross Development Value (GDV) of INR 3,967 crores, already achieving 57% of its full-year FY26 launch guidance. Business development was a major highlight, with three new redevelopment projects added at a combined GDV of INR 7,727 crores, exceeding the full-year BD guidance by 1.25x in just one quarter. The company has a debt-to-equity ratio of 0.11:1, net debt of zero, free cash of INR 714 crores, and operating cash flow of INR 118 crores. ICRA upgraded the credit rating from A to A+ with a stable outlook. Management maintained the FY26 presales guidance of INR 4,000 crores, targeting capital deployment of around INR 800 crores for the year.
Strong operational performance and a debt-free balance sheet position the company well for growth. The ICRA rating upgrade and significant business development pipeline boost future revenue visibility, though management's caution on revising guidance upward despite strong Q1 may temper near-term excitement.