New Launch8 Apr 2024, 02:36 pm
Keystone Realtors Ltd: Pre-Sales Surpass Expectations with 37% QoQ and 78% YoY Growth in Q4 FY24
AI Summary
Keystone Realtors Ltd has reported significant operational growth in Q4 FY24, with pre-sales standing at INR 8.43 Bn, collections at INR 6.70 Bn, and area development at 0.38 Mn Sqft. The company launched 2 new projects in Q4 FY24 (Panorama in Pali Hill and Stella in Bandra East), which have a GDV of INR 7.35 Bn. For FY24, pre-sales totaled INR 22.66 Bn, collections INR 22.03 Bn, and new projects with an estimated GDV of INR 30 Bn were added. By the completion of Q4 FY24, the company had finished construction on 6 buildings with an area of 1.46 mn sqft and completed a total of 12 buildings with an area of 4.65 mn sqft during FY24.
Key Highlights
- Pre-Sales for Q4FY24 increased by 37% QoQ and 78% YoY, reaching INR 8.43 Bn.
- Collections for Q4FY24 grew by 48% QoQ, amounting to INR 6.70 Bn.
- Keystone Realtors Ltd launched 2 new projects with a GDV of INR 7.35 Bn in Q4 FY24.
- Total new projects added during FY24, worth INR 80.35 Bn, increased the company's GDV.
- The company completed 6 buildings with a combined area of 1.46 mn sqft and a total of 12 buildings with a combined area of 4.65 mn sqft during FY24.