Realty company Keystone Realtors announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue from Operations - Rs 5.33 billion (i.e. Rs 533 crore). EBITDA - Rs 1.04 billion (i.e. Rs 104 crore). PAT - Rs 0.66 billion (i.e. Rs 66 crore) H1FY25 Financial Highlights: Revenue from Operations – Rs 9.55 billion (i.e. Rs 955 crore). EBITDA - Rs 1.62 billion (i.e. Rs 162 crore). PAT - Rs 0.92 billion (i.e. Rs 92 crore) Boman Irani, Chairman and Managing Director, Keystone Realtors, said: “In FY25, 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. “As we successfully complete the second quarter of FY25, I am thrilled to share that we are at a pivotal moment for our Company. Building on the remarkable momentum from FY24, our Pre-Sales have soared to Rs 700 crore in Q2FY25, which is more than doubled on YoY basis, a testament to our resilience and strategic vision. We’ve successfully launched 3 more RERA projects this quarter, totaling a GDV of Rs 2,040 crore with cumulative launch of 5 projects having GDV of Rs. 4,057 crore in H1FY25. We also added 3 more new projects contributing additional GDV of Rs 1,333 crore in Q2FY25. We have witnessed strong demand for our product in the past launches and With the festive season approaching, we’re excited about our strong pipeline of launches for the rest of FY25. I am confident that we are well-equipped to not only add new projects but also bring them to life efficiently. Going forward, we will continue to follow asset-light model, with redevelopment serving as a key driver of growth. The redevelopment potential in Mumbai is vast, and as the most preferred partner in this space, we are strategically positioned to capitalize on the current momentum. With a strong balance sheet and robust capitalization, we are fully prepared to seize these opportunities and drive sustainable value creation. Together, we’re on an exciting journey toward substantial growth and value creation for all our stakeholders. Let’s embrace the opportunities ahead and continue this upward trajectory.” Result PDF
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