Keystone Realtors Ltd

The project entails the redevelopment of eight housing societies spread across a strategically located land parcel admeasuring approximately 20,569.90 square metres. Upon completion, the project will rehouse 637 existing members across the societies. The redevelopment is expected to unlock a free sale potential of around 5 lakh sq ft of RERA carpet area, with an estimated gross development value (GDV) of about Rs 1,775 crore, according to the company. The addition strengthens Rustomjee's footprint in Mumbai's high-growth western suburbs and aligns with its strategy of building a diversified portfolio across ticket sizes and micro-markets. The project is also in line with the developer's focus on creating gated communities and integrated lifestyle offerings through large-format redevelopment initiatives. With this project, the company has further augmented its development pipeline for the current financial year, continuing its momentum of adding strategically located redevelopment projects in key urban clusters. Boman Irani, chairman and MD, Keystone Realtors, commented, 'We are pleased to have been selected as the preferred Developer for the Om Nagar redevelopment project in Andheri (East), which represents an important addition to Rustomjee's growing redevelopment portfolio. With a GDV of nearly Rs. 1,775 Crores and a significant development footprint, this project exemplifies our focus on scale, location, and value creation. This project underscores the confidence placed in our ability to execute large-scale, complex urban redevelopment assignments and deliver well-planned communities. The Company is increasing its focus on large society redevelopment, and this project further enhances our presence in a strategically important suburban market. We believe that urban redevelopment is not just about creating real estate, but about revitalizing communities and transforming the way people live in the city. We remain focused on disciplined execution and value creation as we continue to strengthen our project pipeline and pursue sustainable long-term growth.' Keystone Realtors is one of the prominent real estate developers in the Mumbai Metropolitan Region (MMR). The company's consolidated net profit fell 77.57% to Rs 3.38 crore on 42.64% fall in revenue from operations to Rs 266.17 crore in Q3 December 2025 over Q3 December 2024. Shares of Keystone Realtors fell 5.07% to Rs 466.85 on the BSE. Powered by Capital Market - Live

Keystone Realtors (Rustomjee Group) has been appointed as the Developer for a landmark large society redevelopment project of Om Nagar Co-operative Housing Society Federation Limited. The project involves the redevelopment of eight housing societies located on a strategically placed land parcel cumulative admeasuring ~20,569.90 square meters at Andheri (East), Mumbai, Maharashtra. The proposed redevelopment will result in the rehousing of 637 existing members across all societies and is expected to unlock a significant free sale potential of ~5 Lakhs sq. ft. of RERA carpet area, with an estimated Gross Development Value (GDV) of ~Rs. 1,775 crore. Powered by Capital Market - Live

Keystone Realtors has allotted 2,708 equity shares under ESOP on 10 February 2026. Powered by Capital Market - Live

Profit before tax (PBT) tumbled 76.55% YoY to Rs 10.48 crore during the quarter. EBITDA stood at Rs 39.1 crore in Q3 FY26, registering de-growth of 37.84%, compared with Rs 62.9 crore posted in corresponding quarter last year. EBITDA margin improved to 13.3% in Q3 FY26 as against 12.9% in Q3 FY25. During the quarter, pre-sales fell 3.01% YoY to Rs 837 crore, while collection dropped 3.32% YoY to Rs 524 crore. Gross Debt stands at Rs 625 crore and Gross Debt/Equity ratio is 0.22 as on Q3 FY26. During Q3FY26 the company launched 1 project with an estimated GDV of Rs 919 crore. With this launch, the total number of projects launched in YTD FY26 increased to five, with an estimated GDV of Rs 5,835 crore. About 83% of the full-year FY26 launches guidance of Rs 7,000 crore has already been achieved in YTD FY26. Boman Irani, chairman and managing director, Keystone Realtors, said, 'We are delighted with the company's strong performance in Q3 FY25-26, which reflects both the commitment of our teams and the continued trust of our customers. Building on the momentum from FY25, our pre-sales reached Rs 837 crore in Q3 FY26 and Rs 2,676 crore for YTD FY26, representing a robust 23% year-on-year growth. During the quarter, we successfully launched a new project with an estimated GDV of Rs 919 crore, taking our cumulative launches for YTD FY26 to five projects with a total GDV of Rs 5,835 crore. In line with our proactive business development strategy, we added another project with an estimated GDV of Rs 382 crore, bringing our cumulative additions for YTD FY26 to four new projects, including two cluster redevelopment initiatives, with a combined GDV of Rs 8,649 crore surpassing our full-year guidance.' Keystone Realtors is one of the prominent real estate developers in the Mumbai Metropolitan Region (MMR).Powered by Capital Market - Live

Net profit of Keystone Realtors declined 77.57% to Rs 3.38 crore in the quarter ended December 2025 as against Rs 15.07 crore during the previous quarter ended December 2024. Sales declined 42.64% to Rs 266.17 crore in the quarter ended December 2025 as against Rs 464.02 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales266.17464.02 -43 OPM %3.708.08 - PBDT14.3747.35 -70 PBT10.4844.69 -77 NP3.3815.07 -78 Powered by Capital Market - Live

Keystone Realtors will hold a meeting of the Board of Directors of the Company on 4 February 2026.Powered by Capital Market - Live

The area sold during the period under review aggregated to 0.46 million square feet, which is higher by 13% as compared with the area of 0.41 million square feet sold in the same period last year. Collections for the December 2025 quarter stood at Rs 524 crore, down 3% year-on-year. For the YTD FY25 period, the company's pre-sales and collections were Rs 2,676 crore (up 23% YoY) and Rs 1,768 crore (up 12% YoY), respectively. The company added 1 project in Q3 FY26 with a GDV of Rs 919 crore. For YTD FY26, a total of 5 projects were added, with an estimated GDV of Rs 5,835 crore, achieving nearly 83% of the full-year FY26 guidance. In terms of area, 1 project added in Q3 FY26 had a saleable area of 0.13 mn sq ft and an estimated GDV of Rs 3.82 billion. For YTD FY26, the company added 4 projects with a combined saleable area of 3.48 mn sq ft and an estimated GDV of Rs 86.49 billion, surpassing its full-year business development guidance. Boman Irani, CMD of Keystone Realtors, said, 'Keystone Realtors continues strong momentum, with Q3FY26 pre-sales of Rs 8.37 billion and YTD FY26 pre-sales of Rs 26.76 billion, up 23% YoY, achieving 67% of full-year guidance. Launches and business development remain robust, with YTD GDV of Rs 58.35 billion from five projects and new additions totaling GDV Rs 86.49 billion, surpassing full-year targets. Redevelopment in Mumbai remains a strategic focus, supported by a strong balance sheet, positioning the company to execute projects efficiently and deliver sustainable growth.' Keystone Realtors is one of the prominent real estate developers in the Mumbai Metropolitan Region (MMR). The company had reported an 87.1% fall in consolidated net profit to Rs 8.55 crore on a 6.3% decline in revenue to Rs 499.28 crore in Q2 FY26 as compared with Q2 FY25. The scrip shed 0.48% to currently trade at Rs 521.10 on the BSE.Powered by Capital Market - Live

Net profit of Keystone Realtors declined 87.10% to Rs 8.55 crore in the quarter ended September 2025 as against Rs 66.27 crore during the previous quarter ended September 2024. Sales declined 6.34% to Rs 499.28 crore in the quarter ended September 2025 as against Rs 533.07 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales499.28533.07 -6 OPM %3.0014.59 - PBDT20.8890.90 -77 PBT16.8988.37 -81 NP8.5566.27 -87 Powered by Capital Market - Live

Keystone Realtors will hold a meeting of the Board of Directors of the Company on 12 November 2025.Powered by Capital Market - Live

The company's pre-sales for H1 FY26 added up to Rs 1,831 crore, up by 40% from Rs 1,311 crore in H1 FY25. The company has managed to achieve 46% of full year FY26 pre-sales guidance in H1 FY26. Area sold in Q2 FY26 and in H1 FY26 was 0.50 million square feet (up 9% YoY) and 1.13 million square feet (up 61% YoY), respectively. Collections aggregated to Rs 601 crore in Q2FY26 as compared to Rs 552 crore in Q2 FY25, up 9% on YoY basis. Collection stood at Rs 1,177 crore for H1 FY26, thereby showing a growth of 13% YoY on half yearly basis. Boman Irani, CMD of Keystone Realtors, said that during the quarter, the company had launched one project with an estimated GDV of Rs 949 crore in Q2 FY26, taking the total to four projects in H1 FY26 with a combined estimated GDV of Rs 4,916 crore, thereby achieving about 70% of our full-year FY26 launches guidance within the first half. Keystone Realtors has added 3 projects having saleable area of 3.25 million square feet and an estimated GDV of Rs 7,727 crore. All 3 are redevelopment projects. The company has surpassed its full year FY26 business development guidance. 'Redevelopment in Mumbai continues to remain a core strategic focus, offering immense potential for sustained value creation. As one of the most preferred redevelopment players in the MMR region, we are uniquely positioned to capture these opportunities and strengthen our leadership in this segment,' the company's CMD said in a statement. Keystone Realtors is a flagship entity of the Rustomjee Group. The company undertakes residential and mixed-use projects in MMR under the 'Rustomjee' brand. The Rustomjee Group has completed construction for over 26 million square feet of area, with under-construction projects comprising a saleable area of nearly 8.6 million square feet and forthcoming developments of around 23.8 million square feet in pipeline as of June 2025. The company had reported 43.80% fall in consolidated net profit to Rs 14.51 crore on a 35.30% decline in revenue to Rs 273.12 crore in Q1 FY26 as compared with Q1 FY25. Powered by Capital Market - Live