Keystone Realtors Reports FY26 Results: Pre-Sales Surge 33% YoY to INR 4,022 Crores; Sets Target of INR 10,000 Crores

Keystone Realtors Reports FY26 Results: Pre-Sales Surge 33% YoY to INR 4,022 Crores; Sets Target of INR 10,000 Crores​

Keystone Realtors Limited, a prominent real estate developer, announced its financial results for the fiscal year ending March 31, 2026. The company reported substantial growth across key operational parameters, announcing a pre-sales figure of INR 40.22 billion for FY26, marking a 33% year-over-year (YoY) increase.

The company has set an ambitious goal of achieving INR 10,000 crore in pre-sales by FY30, aiming to strengthen its growth trajectory through the Scale Multiplier, Velocity Multiplier, and Stability Multiplier.

During the period, the company’s collections reached INR 26.22 billion for FY26. Management noted that the company's market share in the Mumbai Metropolitan Region (MMR) has nearly doubled from FY23 to the current year.

Mr. Boman Irani, Chairman and Managing Director of Keystone Realtors Limited, stated that the company's performance metrics surpassed guidance across all parameters. He highlighted that the pre-sales of INR 40.22 billion represent a 33% YoY growth and are 2.5 times what the company achieved in FY23, translating to a Compound Annual Growth Rate (CAGR) of 36% in just three years.

Financial and Operational Highlights​

The company's growth was supported by its business development and project pipeline. In FY26, Keystone added 5 projects with a total Gross Development Value (GDV) of INR 104.20 billion, showing an 118% YoY growth. Furthermore, the company launched a total of 7 projects in FY26, with an estimated GDV of INR 98.13 billion, representing 96% YoY growth.

Financial results for the half-year period and the full year demonstrate robust performance:


Consolidated financial performance for the full year and the last quarter was:

Project Development and Financial Standing​

In terms of physical progress, the company completed 6 projects during FY26, covering a total construction area of 2.23 million square feet.

The detailed additions and launches during the year include:


Financially, the company’s Gross Debt stands at approximately INR 7.55 billion as of Q4FY26. This results in a Gross Debt/Equity ratio of 0.26:1, maintaining a Net Cash Positive status. The company’s credit rating was recently upgraded by Crisil Ratings to 'AA -/ Stable '.

Keystone Realtors Limited, incorporated in 1995, is positioned as a leading real estate developer and redevelopment expert in the MMR. The company manages a portfolio that includes 39 completed projects, 17 ongoing projects, and 21 forthcoming projects, catering to segments ranging from Mass Market to Luxury. It has delivered over 29+ million square feet of construction area and has a pipeline exceeding 46 million square feet.

RUSTOMJEE Stock Price Movement​

Keystone Realtors Limited shares today slipped by 2.55% to settle at ₹414.90. The stock traded on a volume of 355,440 shares, touching a daily low of ₹398.8.