Keystone Realtors Limited has informed the Exchange about Investor Presentation
RUSTOMJEE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Keystone Realtors (brand: Rustomjee), a Mumbai MMR-focused real estate developer, shared its Q1FY26 investor presentation. Pre-sales hit a record ₹10.68 Bn, up 75% YoY from ₹6.11 Bn, on area sold of 0.63 million sq ft (up 159% YoY). Collections grew 19% YoY to ₹5.75 Bn. Revenue from operations was ₹2.73 Bn, EBITDA ₹0.29 Bn, and PAT ₹0.16 Bn. The company launched 3 projects with a combined estimated GDV of ₹39.67 Bn and added 3 new projects with GDV of ₹77.27 Bn, already exceeding its full-year FY26 project addition guidance. Achievement is at 57% of the FY26 launches guidance. The company remains in a net cash position with gross debt/equity at 0.11:1, and ICRA recently upgraded its credit rating to A+ (Stable). The ongoing and forthcoming project pipeline stands at 18 projects (₹152.27 Bn GDV) and 26 projects (₹435.38 Bn GDV) respectively. Promoter holding is 78.34%.
Strong quarterly execution and a robust ₹587+ Bn total project pipeline support healthy revenue visibility going forward. The net-cash balance sheet, low leverage, and credit rating upgrade give the company flexibility to fund growth, making this a positive read for shareholders despite a YoY decline in EBITDA margins.