| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 1.6K | 499.6% | 172.9% |
| Total Income | 1.6K | 448.9% | 151.2% |
| Expenditure | 1.6K | 451.1% | 181.0% |
| PBT | 60.14 | 396.6% | 32.8% |
| Net Profit | 63.65 | 1153.0% | 4.9% |
| OPM | 5.11% | 0.80pp | 3.52pp |
| NPM | 3.95% | 2.22pp | 6.48pp |
| EPS | 4.15 | 1437.0% | 23.3% |
Keystone Realtors FY26 Pre-Sales Surge 33% to ₹4,022 Cr
12 May 2026 · 12 May, 2:22 pm
Summary
Keystone Realtors Limited announced strong financial and operational performance for the fiscal year ended March 31, 2026, and the fourth quarter of FY26. The company reported a 33% year-over-year growth in FY26 Pre-Sales, reaching INR 4,022 Crores, and recorded its highest-ever Q4FY26 Pre-Sales at INR 1,346 Crores, up 58% YoY. Consolidated Revenue from Operations for FY26 was INR 2,635 Crores. Management expressed confidence in the company's trajectory, highlighting that performance metrics surpassed all guidance parameters and projecting margin expansion going forward. The company has set an ambitious target of achieving INR 10,000 Crores in Pre-Sales by FY30, underpinned by strategic enablers and a strong financial position.
Key Highlights
- 1
Keystone Realtors reported a significant 33% Year-over-Year surge in FY26 Pre-Sales, reaching INR 4,022 Crores, reflecting a 36% CAGR over the last three years.
- 2
Q4FY26 achieved the highest-ever Pre-Sales of INR 1,346 Crores, marking a remarkable 58% Year-over-Year growth for the quarter.
- 3
For FY26, the company launched 7 projects with a total Gross Development Value (GDV) of INR 9,813 Crores, demonstrating a 96% YoY growth.
- 4
The company added 5 new projects in FY26 with a total GDV of INR 10,420 Crores, exceeding guidance by 174% and growing 118% Year-over-Year.
- 5
Collections for FY26 reached INR 2,622 Crores, indicating a 13% Year-over-Year increase.
- 6
Consolidated Revenue from Operations for the full fiscal year 2026 stood at INR 2,635 Crores.
- 7
Keystone Realtors has set an ambitious target to achieve INR 10,000 Crores in Pre-Sales by FY30.
Management Comments
Mr. Boman Irani
FY26 has been an eventful and defining year for our company, one that I am proud to say fully vindicates the promises we made when we listed. Our performance metrics have surpassed guidance across all parameters. Pre-Sales for FY26 stood at INR 40.22 billion, a 33% YoY growth and 2.5 times what we achieved in FY23, reflecting a CAGR of 36% in just three years. Our MMR market share has nearly doubled, from FY23 to today. Collections reached INR 26.22 billion for FY26. On business development, we added 5 projects with a total GDV of INR 104.20 billion, 118% YoY growth. Further we also launched 7 projects with an estimated GDV of INR 98.13 billion, 96% YoY growth. On every single parameter, we surpassed our guidance and hence I say, we are now at an inflection point and the evidence thus undeniable. We have now set for ourselves an ambitious yet achievable aspiration of becoming a Rs. 10,000 crore pre-sales company, driven by disciplined execution and long-term value creation. This journey will be powered by our three strategic enablers, i.e., the Scale Multiplier, Velocity Multiplier, and Stability Multiplier, which together will strengthen growth, accelerate delivery, and build resilience The redevelopment opportunity in Mumbai remains extraordinary, and Rustomjee is strategically positioned as the most trusted redevelopment developer in the MMR. With a strong balance sheet, a Net Cash Positive status maintained throughout FY26, we are well capitalised and prepared to seize every opportunity ahead. The legacy project overhang that weighed on our reported financials, are now substantially behind us and now you can expect expansion in reported margins going forward, as the new, high-margin pipeline matures and revenue recognition accelerates, our financial performance will begin to truly mirror the operational strength we have been building. The best of Rustomjee is ahead of us and we remain confident in our ability to solidify our position and deliver substantial value to all our stakeholders.
Informational and educational content only. Not investment advice.