Rustomjee Posts Stellar Q1 FY27 Results, Reporting 72% Revenue Jump and Highest Ever PAT Growth
Keystone Realtors Limited, a prominent developer in the Mumbai Metropolitan Region (MMR), announced robust financial results for the first quarter of Fiscal Year 2027 (Q1FY27). The company reported significant growth across key operational and profitability metrics, driven by resilient demand and disciplined execution.The real estate firm demonstrated substantial improvements in revenue and bottom-line performance compared to Q1FY26. Revenue from Operations increased by 72% year-on-year (YoY), while the Profit After Tax (PAT) reached a record high for the quarter.
Key Financial Highlights for Q1FY27
The company's financial stability and operational efficiency were underscored by expanding margins, as reflected in the consolidated results:
| Metric | Q1 FY27 Value | Q1 FY26 Value | Change |
|---|---|---|---|
| Revenue from Operations | INR 4.70 bn (INR 470 Crores) | INR 2.73 bn (INR 273 Crores) | Up 72% |
| EBITDA | INR 1.05 bn (INR 105 Crores) | INR 0.29 bn (INR 29 Crores) | Significant YoY Growth |
| PAT | INR 0.52 bn (INR 52 Crores) | INR 0.16 bn (INR 16 Crores) | Significant YoY Growth |
| EBITDA Margin | 21.3% | 10.1% | Expansion |
Operational and Market Indicators
In terms of market engagement, Q1FY27 saw pre-sales reach INR 6.17 billion (INR 617 Crores). Collection figures for the quarter were strong, amounting to INR 5.99 billion (INR 599 Crores), reflecting healthy operating cash flows and a robust liquidity position. Operating Cash Flows stood at INR 0.68 billion (INR 68 Crores).
The company maintains a substantial future development pipeline within the MMR region, estimating the Gross Developed Value (GDV) of upcoming launches to be INR 80 billion (INR 8,000 Crores). Furthermore, during Q1FY27, Keystone Realtors Limited added two new strategic projects with a combined GDV of INR 5.47 billion (INR 547 Crores).
Credit Rating and Financial Structure
The company's financial strength was recognized by credit rating agencies. Both CRISIL and ICRA assigned an 'AA -(with Stable Outlook)' rating to Keystone Realtors Limited. Notably, ICRA upgraded its Credit rating from 'A+ (With Stable Outlook)' to 'AA -(with Stable Outlook)'.
As of Q1FY27, the company’s balance sheet showed a Gross Debt of approximately INR 8.76 billion (INR 876 Crores), maintaining a Gross Debt/Equity ratio of 0.30:1. The Net Debt/Equity ratio stood at 0.02:1.
Management Commentary
Commenting on the performance, Boman Irani, Chairman and Managing Director of Keystone Realtors Limited, stated that Q1FY27 marked a strong start built upon FY26 momentum. He emphasized that the robust pipeline of INR 80 billion planned across the MMR is expected to strengthen market position and support pre-sales guidance for FY27.
Mr. Irani noted that the results reflect the business model’s strength, disciplined execution, and sustained commitment to value creation. The company remains well capitalized to pursue growth opportunities efficiently, supporting its objective of achieving long-term value for all stakeholders.
RUSTOMJEE Stock Price Movement
Shares of Keystone Realtors Limited are edging higher to ₹419 as of 1:10 PM today, surging by 5.59% in live trading after gaining ₹22.20. The stock is currently experiencing robust activity, with over 2.17 million shares being traded during the session so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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