Keystone Realtors Limited (Rustomjee) shares gained over 2% in today’s trade after the company announced robust operational updates for the second quarter (Q2FY26) and first half (H1FY26) of the current financial year.
The Mumbai-based real estate developer reported steady growth across key metrics including pre-sales, collections, and project launches, reflecting continued momentum in the housing market.
For Q2FY26, the company achieved pre-sales of ₹7.63 billion, up 9% year-on-year from ₹7.00 billion in Q2FY25. Collections for the quarter stood at ₹6.01 billion, also registering a 9% YoY growth.
On a half-year basis, Keystone reported pre-sales of ₹18.31 billion, a 40% increase over ₹13.11 billion in H1FY25, achieving 46% of its full-year FY26 guidance. Collections rose 13% YoY to ₹11.77 billion, compared to ₹10.37 billion in the same period last year.
During the quarter, the company launched one new project, “Thirty3.15” in Bandra West, with a saleable area of 0.21 million sq. ft. and an estimated gross development value (GDV) of ₹9.49 billion. In total, Keystone launched four projects in H1FY26 with a combined GDV of ₹49.16 billion, achieving about 70% of its annual launch target.
The company also added three redevelopment projects in the first half — GTB Nagar (Sion), Lokhandwala Cluster (Andheri West), and Swarganga CHSL (Goregaon East) — with a cumulative saleable area of 3.25 million sq. ft. and an estimated GDV of ₹77.27 billion. With these additions, Keystone has already surpassed its FY26 business development guidance.
