Keystone Realtors

Keystone Realtors reported a steep decline in profitability for the third quarter, with net profit plunging 83 percent year on year, reflecting softer project completions and elevated operating costs. The performance highlights near-term challenges facing the real estate developer, including timing-related revenue recognition and margin pressures in a competitive housing market. While underlying demand for residential real estate remains intact, quarterly volatility impacted earnings.

Keystone Realtors Ltd., a prominent name in the Indian real estate sector, posted a steep 44% decline in net profit for the first quarter of FY26, reflecting a challenging business environment marked by project execution delays and rising input costs. Despite registering revenue growth, profitability was weighed down by a mismatch in billing schedules and higher construction-related expenses. The company, however, maintained its positive stance on long-term demand trends, pointing to a robust pipeline of projects and increasing traction in the mid-income and premium housing segments.

Keystone Realtors Ltd, a prominent Mumbai-based real estate developer operating under the Rustomjee brand, has set an ambitious sales target of Rs 4,000 crore for the fiscal year 2025-26, aiming for a 32% growth from the previous year. Following a strong 2024-25 performance marked by a 34% rise in pre-sales to Rs 3,028 crore, the company plans aggressive project launches and strategic land acquisitions, primarily in the Mumbai Metropolitan Region.

Keystone Realtors Ltd, operating under the Rustomjee brand, posted a significant rise in its fourth-quarter consolidated net profit, which more than doubled to Rs. 66.95 crore from Rs. 30.47 crore in the same period a year ago. This growth was achieved despite a decline in total income, which fell to Rs. 642.20 crore. For the full fiscal year 2024–25, the company’s profit surged 69% to Rs. 188.13 crore.