Keystone Realtors Limited, under its flagship brand Rustomjee, announced its operational performance for Q3FY25, reflecting robust growth across key metrics. Pre-sales rose 40% YoY to Rs 8.63 billion, compared to Rs 6.16 billion in Q3FY24. Year-to-date (YTD) FY25 pre-sales reached Rs 21.74 billion, marking a 53% growth compared to Rs 14.23 billion YTD FY24.
Collections for Q3FY25 stood at Rs 5.42 billion, showcasing a 20% YoY growth. On the business development front, the company added two projects in Q3FY25 with a gross development value (GDV) of Rs 9.8 billion, achieving approximately 82% of its FY25 guidance with a total GDV of Rs 32.97 billion YTD.
Keystone Realtors also completed a RERA project, “Wing H” at Global City Virar, with a construction area of 0.08 million square feet. CMD Boman Irani expressed confidence in leveraging redevelopment opportunities in Mumbai and achieving significant growth in FY25.
Commenting on the Company’s operational performance for Q3FY25, Mr. Boman Irani, CMD of Keystone Realtors Limited, said “As we successfully close the third quarter of FY25, I am excited to share that we are at a crucial juncture in our company’s journey. In Q3FY25, we saw impressive growth across key business indicators. Pre-sales achieved in Q3FY25 is INR 8.63 billion, reflecting a 40% YoY increase compared to INR 6.16 billion in Q3FY24. Pre-sales for YTD FY25 stand at INR 21.74 billion, representing a 53% increase over the same period last year. With this, we have almost achieved the Pre-sales of FY24 in just 3 quarters of FY25, putting us in a strong position to achieve the full year Pre-sales guidance given by us. Our collections also grew, reaching INR 5.42 billion in Q3FY25, a 20% quarterly rise YoY basis. YTD collections for FY25 are now INR 15.79 billion. On the business development front, we successfully added 2 projects in Q3FY25, with a GDV of INR 9.8 billion. This brings the total additions for YTD FY25 to 6 projects with a GDV of INR 32.97 billion, achieving approximately 82% of our FY25 guidance. I am confident that we are well-positioned to not only secure new projects but also execute them efficiently. The redevelopment opportunities in Mumbai are significant, and as the leading player in this space, we are strategically poised to leverage the current momentum. With a strong balance sheet, we are fully capitalized and prepared to seize these opportunities. Together, we are embarking on an exciting path towards significant growth and value creation for all our stakeholders. Let’s seize the opportunities ahead and continue our upward trajectory.”
