Keystone Realtors has reported a steady operational performance for the first quarter of FY26, led by healthy pre-sales, new launches, and fresh project additions.
The company recorded pre-sales of ₹10.68 billion in Q1 FY26, up from ₹6.11 billion in the same quarter last year—a 75% year-on-year growth. This also marks Keystone’s best-ever first-quarter pre-sales performance. On a sequential basis, pre-sales rose 25% compared to the previous quarter.
Collections stood at ₹5.75 billion during the quarter, showing a 19% increase year-on-year, though lower than the ₹7.47 billion collected in Q4 FY25.
During the quarter, Keystone launched three new projects—Rustomjee Balmoral in Chembur, Rustomjee Crescent in Pali Hill, and Rustomjee Cliff Tower in Bandra. These projects collectively offer a saleable area of 0.91 million sq ft and are expected to generate a gross development value (GDV) of around ₹40 billion. Notably, the company has already achieved 57% of its full-year guidance for FY26 in terms of project launches.
The business development front also saw significant traction. Keystone added three redevelopment projects: GTB Nagar in Sion, a cluster in Andheri West’s Lokhandwala, and Swarganga CHSL in Goregaon East. Together, these projects offer 3.25 million sq ft of saleable area with a GDV potential of ₹77.27 billion. With these additions, the company has already exceeded its full-year project addition guidance for FY26.
Additionally, ICRA has upgraded the company’s credit rating to ‘ICRA A+’ with a stable outlook, reflecting the improving business fundamentals and financial position.
Overall, the first quarter reflects solid execution across key areas for Keystone Realtors, setting a strong tone for the rest of the financial year.
