Realty company Keystone Realtors announced Q1FY25 results: Financial Highlights: Revenue Rs 4.22 billion (i.e. Rs 422 crore) EBITDA Rs 0.58 billion (i.e. Rs 58 crore) PAT Rs 0.26 billion (i.e. Rs 26 crore) Operational Highlights: Pre-Sales Rs 6.11 billion (i.e. Rs 611 crore) Collections Rs 4.85 billion (i.e. Rs 485 crore) Operating Cash Flows Rs 1.08 billion (i.e. Rs 108 crore) Commenting on the company’s performance, Boman Irani, Chairman and Managing Director, Keystone Realtors, said “In FY24, the company has demonstrated remarkable progress in terms of Pre-Sales, collections, new project additions and new launches. We are thankful to all our stakeholders for their continued support and trust in us. After a robust Performance in FY24, Rustomjee Group continued its impressive performance in Q1FY25, recording PreSales of Rs 611 crore, reflecting a robust 22% year-on-year growth. This growth is a testament to our strategic vision and the unwavering trust of our customers. In this quarter, we launched two new projects with an estimated GDV of Rs 2017 crore, perfectly aligned with our guidance of launching two projects per quarter. Additionally, we added one more project with an estimated GDV of Rs 984 crore, further strengthening our already robust project portfolio across the length and breadth of MMR. The successful raise of Rs. 800 crore equity via QIP will play pivotal role in driving our growth strategy facilitating the acquisition of new projects and New Launches, thus accelerating growth in pre-sales. With a promising pipeline of launches and our strategic foray into the plotted development in Kasara, we feel that we are at an inflection point to enter an era of high growth. We are poised for an exciting journey ahead, generating value for our stakeholders and enriching the urban living experience.” Result PDF
Realty company Keystone Realtors announced consolidated Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue Rs 8.12 billion. EBITDA Rs 0.67 billion. PAT Rs 0.31 billion. Pre-Sales Rs 8.43 billion. Collections Rs 6.70 billion. FY24 Financial Highlights: Revenue Rs 22.22 billion. EBITDA Rs 1.63 billion. PAT Rs 1.12 billion. Pre-Sales Rs 22.66 billion. Collections Rs 22.03 billion. Commenting on the company’s performance, Boman Irani, Chairman and Managing Director, Keystone Realtors Limited, said “In FY24, the company has demonstrated remarkable progress in terms of Pre-Sales, collections, new additions and new launches. We are thankful to all our stakeholders for their continued support and trust in us. In FY 2024, Rustomjee Group accomplished an exceptional performance, recording Pre-Sales of Rs 2,266 crore which is a remarkable growth of 41% YoY well ahead of our guidance of 25%. Going forward, we anticipate a continued upward trajectory in Pre-Sales, driven by our strong pipeline of launches and the unwavering trust of our customers. Beyond mere figures, our dedication to excellence permeates every aspect of our operations. Throughout this financial year, we launched 6(six) developments having an estimated saleable area of 1.68 mn sqft to cater to the preferences of our diverse clientele. Further, the addition of 5 new developments during Q4 has taken our Full Year additions to 10 new developments boasting an estimated saleable area of 4.1 million sqft. During the year, we have completed 12 buildings with a developable area of 4.65 million sq ft., which is the highest ever in any year. With a promising pipeline of launches, we feel that we are at an inflection point to enter an era of exponential growth, poised for an exciting journey ahead, generating value for our stakeholders and enriching the urban living experience.” Result PDF
Realty company Keystone Realtors announced Q3FY24 & 9MFY24 results: Pre-Sales during Q3FY24 is Rs 6.16 billion (up 101% QoQ) & Rs 14.23 billion for YTD Q3FY24 (26% YoY) Collection during Q3FY24 is Rs 4.52 billion & Rs 15.33 billion for YTD Q3FY24 (32% YoY) Launched 4 projects with an estimated GDV of ~Rs 22.4 billion in 9MFY24 Added 5 projects having an estimated GDV of ~Rs 51 billion in 9MFY24 Completed 6 RERA projects having a construction area of 3.36 mn sqft in 9MFY24 Generated Operating Cash Flow (OCF) of ~Rs 3.55 billion in 9MFY24 representing a YoY growth of 27% Commenting on the company’s performance, Boman Irani, Chairman and Managing Director, Keystone Realtors, said, “For Q3FY24, the company has demonstrated good progress in terms of Pre-Sales, new project additions and new launches. We are thankful to all our stakeholders for their continued support and trust in us. "In Q3FY24, Rustomjee Group delivered a remarkable performance, achieving a substantial increase in Pre-Sales, which rose to Rs 6.16 billion, showcasing a remarkable 101% QoQ increase. Looking ahead, we estimate a sustained growth trajectory in Pre-Sales, fueled by our robust launch pipeline and the unwavering trust of our customers. Beyond the numbers, our commitment to excellence is evident in every facet of our operations. This financial Year has witnessed the launch of four projects, each meticulously curated to meet the diverse needs of our discerning customers. Moreover, the addition of five new projects in this year underscores our strategic focus on expanding our footprint and venturing into promising geographies. These projects, with an estimated GDV of ~Rs 51 billion which surpassed acquisition done in previous year, reflect our dedication to creating spaces that transcend traditional notions of living. The fact that most of these projects are redevelopment projects further strengthens our position as redevelopment developers. Additionally, the inclusion of 2-3 large projects in the Aspirational/Mid and Mass segments reflects a continued focus on these specific market segments. In the realm of completions, we take pride in having delivered six RERA projects in 9MFY24. This not only indicates our operational efficiency but also signifies the fulfillment of promises made to our homebuyers. As we navigate the growing dynamic real estate landscape, our focus remains steadfast on customer satisfaction, quality construction, and sustainable growth. With the promising launch pipeline, we are poised for an exciting journey ahead, creating value for our stakeholders and contributing to the vibrant tapestry of urban living." Result PDF