Realty company Keystone Realtors announced Q4FY23 & FY23 results: Q4FY23: Operating Cash flows stood at Rs 1.8 billion Collections stood at Rs 7 billion Area sold stood at 0.28 million sq ft Pre-Sales stood at Rs 4.7 billion Revenues from Operations Rs 3.4 billion EBITDA Rs 1.1 billion Profit before Tax (PBT) Rs 0.9 billion Profit After Tax (PAT) Rs 0.7 billion FY23: Operating Cash flows stood at Rs 4.6 billion Collections stood at Rs 18.6 billion Area sold stood at 1.03 million sq ft Pre-Sales stood at Rs 16 billion In line with our strategy to focus on the Mid-Mass and Aspirational segment, the percentage of presales from these segments have been 63% of the FY23 pre-sales compared to 57% in FY22. Revenues from Operations ~Rs 6.9 billion EBITDA Rs 1.4 billion Profit before Tax (PBT) Rs 1 billion Profit After Tax (PAT) Rs 0.8 billion Commenting on the company’s performance, Boman Irani, Chairman and Managing Director, Keystone Realtors, said, “It is indeed a pleasure to be reporting our annual performance for the first time since our listing, I want to thank our shareholders for their continued support and trust in us. We are happy to announce that we acquired 5 new projects in FY23 of ~GDV of 34.3 billion, in line with our capital-light expansion strategy. With the recent few acquisitions, our company has entered new micro markets like Mahim, Chembur, and Kalyan-Dombivli. Strong Operational Cash Flow (OCF) of Rs 4.6 billion in FY23 and inflow of Rs 7.3 billion from Pre-IPO/IPO, has helped reduce the Net Debt to Rs 0.19 billion as of FY23. Additionally, the commitment of Rs 3.5 billion received towards the recently launched AIF has further strengthened the company’s financial position & provided growth Capital to expand and bolster our dominant position in the MMR region. We take pride in ourself being a redevelopment pioneer and have carved a niche by rehousing 1400+ families in over 27 years of our existence. The Government of Maharashtra’s ambitious plan to implement substantial investments on public infrastructure projects will have a transformative impact on MMR's future and we believe that this will open multiple micro markets across MMR. We will continue to expand in these new micro markets to ensure healthy growth in Pre-Sales YoY basis”. Result PDF