Shares of Keystone Realtors Ltd fell 2.37% to ₹576.85 in early trade on Wednesday after the company reported a 44% year-on-year decline in consolidated net profit for the June 2025 quarter. The stock opened lower from its previous close of ₹590.85, dragging the company’s market capitalization down to ₹72,720 crore.
The real estate developer, which operates under the ‘Rustomjee’ brand, posted a net profit of ₹14.51 crore for Q1 FY26, compared to ₹25.82 crore in the same quarter last year. Total income dropped sharply to ₹288.64 crore from ₹437.20 crore YoY, impacted by deferred revenue recognition under the project completion method.
Despite the profit slump, the company recorded its highest-ever quarterly pre-sales at ₹1,068 crore in Q1 FY26, marking a 75% rise over last year. Chairman and MD Boman Irani attributed the revenue and profit decline to accounting methods and announced a shift towards the percentage of completion method for better financial representation going forward.
Keystone Realtors has completed 37 projects and is currently executing 18 more, primarily in the Mumbai Metropolitan Region.
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