Keystone Realtors shares rose 3% after the company posted a strong performance for Q1 FY26. The highlight was a 75% year-on-year jump in pre-sales to ₹10.68 billion—its best-ever Q1 figure—driven by solid demand, new launches, and healthy project additions. On a quarter-on-quarter basis, pre-sales rose 25%.
Collections during the quarter came in at ₹5.75 billion, up 19% YoY, although slightly lower than ₹7.47 billion reported in Q4 FY25.
Three projects were launched this quarter—Rustomjee Balmoral (Chembur), Rustomjee Crescent (Pali Hill), and Rustomjee Cliff Tower (Bandra)—adding 0.91 million sq ft of saleable area and a GDV of ₹40 billion. Impressively, this accounts for 57% of the company’s full-year launch guidance.
Keystone also made headway in business development, adding three redevelopment projects in Sion, Andheri West, and Goregaon East. These projects bring in 3.25 million sq ft of potential saleable area and a GDV of ₹77.27 billion—surpassing the company’s FY26 project addition target in just one quarter.
On top of this, credit rating agency ICRA upgraded Keystone’s rating to ‘ICRA A+’ with a stable outlook, citing its improved financials and business momentum.
The stock opened at ₹654, hit a high of ₹675.40, and stayed strong through the day. It’s currently trading well above its 52-week low of ₹480.05, though still below the 52-week high of ₹801.05.
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