Latest news with #KeystoneRealtorsLtd
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Business Standard
18-05-2025
- Business
- Business Standard
Keystone Realtors aims 32% growth in housing sales booking in FY26: CMD
Realty firm Keystone Realtors Ltd targets to sell housing properties worth Rs 4,000 crore this fiscal, eying a 32 per cent annual growth, as demand continues to be strong especially for good brands, its CMD Boman Irani said. Mumbai-based Keystone Realtors, which sells properties under Rustomjee brand, is one of the leading real estate developers in the country. "We have achieved steady and consistent growth during the last 2024-25 fiscal and surpassed all our guidances," Irani told PTI in an interview when asked about the company's performance. He highlighted that the company's pre-sales or sales bookings rose 34 per cent to Rs 3,028 crore last fiscal year, beating the annual guidance of Rs 3,000 crore. The demand for apartments as well as residential plots remains strong especially in projects developed by reputed brands, Irani said, while exuding confidence of maintaining the company's growth momentum. Asked about the sales bookings target for 2025-26, Irani said, "We have given a pre-sales guidance of Rs 4,000 crore for the current fiscal and we are confident of achieving that." He said the company has already launched few projects in the last one-and-a-half months and the launch pipeline is robust for the remaining period of this fiscal to meet the demand, which has been quite strong post-COVID pandemic. In the last fiscal, Irani said the company launched projects worth Rs 5,000 crore and the number will surpass in 2025-26 financial year. Keystone Realtors will continue to invest in acquiring land parcels to expand its business. The expenditure on construction activities too will rise. In 2024-25, Keystone Realtors acquired 9 land parcels, which could generate sales potential of Rs 4,783 crore in the coming years. Irani said the company would continue to focus on Mumbai Metropolitan Region (MMR) and few other cities in Maharashtra state. Last week, Keystone Realtors reported a 69 per cent increase in consolidated net profit to Rs 188.13 crore during the last fiscal from Rs 111.03 crore in 2023-24. Total income fell to Rs 2,121.44 crore last fiscal from Rs 2,275.63 crore in the 2023-24 financial year. "This performance is a testament to the resilience of our strategy and the continued momentum we are experiencing," said Irani, who is also Chairman of realtors' apex body CREDAI. "The demand for our products remains robust. Our asset-light model, with a focus on redevelopment opportunities, particularly in MMR, continues to be a key driver of growth," he said. Keystone Realtors has completed 37 projects and is constructing 16 projects. So far, the company has delivered over 26 million square feet of construction area, with a pipeline of over 40 million square feet of construction area in the works.
Time of India
14-05-2025
- Business
- Time of India
Keystone Realtors' profit up 69% to ₹188 crore in FY25
NEW DELHI: Realty firm Keystone Realtors Ltd on Wednesday reported a more than two-fold jump in its consolidated net profit to Rs 66.95 crore in the fourth quarter of the last financial year. Its net profit stood at Rs 30.47 crore in the year-ago period. Mumbai-based Keystone Realtors, which sells properties under Rustomjee brand, is one of the leading real estate developers in the country. The company's total income, however, declined to Rs 642.20 crore in January-March period of the last fiscal from Rs 826.15 crore in the corresponding period of the preceding year, according to a regulatory filing. During the 2024-25 fiscal, Keystone Realtors' profit rose 69 per cent to Rs 188.13 crore from Rs 111.03 crore in the preceding fiscal. Total income fell to Rs 2,121.44 crore last fiscal from Rs 2,275.63 crore in the 2023-24 financial year. Commenting on the company's performance, Keystone Realtors CMD Boman Irani said the company has achieved most of its guidance on operational parameters for the 2024-25 fiscal year. The company's pre-sales or sales bookings stood at Rs 3,028 crore last fiscal year, an increase of 34 per cent annually. "This performance is a testament to the resilience of our strategy and the continued momentum we are experiencing," said Irani, who is also Chairman of realtors' apex body CREDAI . In 2024-25, Keystone Realtors added 9 land parcels, which could generate sales potential of Rs 4,783 crore in the coming years. Irani said the Board of Directors has recommended a final dividend of Rs 1.50 per fully paid-up equity share for the financial year ended March 31, 2025. "The demand for our products remains robust, and we are excited about the strong pipeline of upcoming launches for FY26. Our asset-light model, with a focus on redevelopment opportunities, particularly in Mumbai MMR, continues to be a key driver of growth," he said. Keystone Realtors has completed 37 projects and is constructing 16 projects. So far, the company has delivered over 26 million square feet of construction area, with a pipeline of over 40 million square feet of construction area in the works.
Economic Times
14-05-2025
- Business
- Economic Times
Keystone Realtors Q4 Results: Profit jumps over 2-fold to Rs 67 crore
Realty firm Keystone Realtors Ltd on Wednesday reported a more than two-fold jump in its consolidated net profit to Rs 66.95 crore in the fourth quarter of the last financial year. Its net profit stood at Rs 30.47 crore in the year-ago period. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Realty firm Keystone Realtors Ltd on Wednesday reported a more than two-fold jump in its consolidated net profit to Rs 66.95 crore in the fourth quarter of the last financial year. Its net profit stood at Rs 30.47 crore in the year-ago Keystone Realtors, which sells properties under Rustomjee brand, is one of the leading real estate developers in the company's total income, however, declined to Rs 642.20 crore in January-March period of the last fiscal from Rs 826.15 crore in the corresponding period of the preceding year, according to a regulatory the 2024-25 fiscal, Keystone Realtors' profit rose 69 per cent to Rs 188.13 crore from Rs 111.03 crore in the preceding income fell to Rs 2,121.44 crore last fiscal from Rs 2,275.63 crore in the 2023-24 financial on the company's performance, Keystone Realtors CMD Boman Irani said the company has achieved most of its guidance on operational parameters for the 2024-25 fiscal year The company's pre-sales or sales bookings stood at Rs 3,028 crore last fiscal year, an increase of 34 per cent annually."This performance is a testament to the resilience of our strategy and the continued momentum we are experiencing," said Irani, who is also Chairman of realtors' apex body 2024-25, Keystone Realtors added 9 land parcels, which could generate sales potential of Rs 4,783 crore in the coming said the Board of Directors has recommended a final dividend of Rs 1.50 per fully paid-up equity share for the financial year ended March 31, 2025."The demand for our products remains robust, and we are excited about the strong pipeline of upcoming launches for FY26. Our asset-light model, with a focus on redevelopment opportunities, particularly in Mumbai MMR, continues to be a key driver of growth," he Realtors has completed 37 projects and is constructing 16 projects. So far, the company has delivered over 26 million square feet of construction area, with a pipeline of over 40 million square feet of construction area in the works.
Time of India
14-05-2025
- Business
- Time of India
Keystone Realtors Q4 Results: Profit jumps over 2-fold to Rs 67 crore
Realty firm Keystone Realtors Ltd on Wednesday reported a more than two-fold jump in its consolidated net profit to Rs 66.95 crore in the fourth quarter of the last financial year. Its net profit stood at Rs 30.47 crore in the year-ago period. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Realty firm Keystone Realtors Ltd on Wednesday reported a more than two-fold jump in its consolidated net profit to Rs 66.95 crore in the fourth quarter of the last financial year. Its net profit stood at Rs 30.47 crore in the year-ago Keystone Realtors, which sells properties under Rustomjee brand, is one of the leading real estate developers in the company's total income, however, declined to Rs 642.20 crore in January-March period of the last fiscal from Rs 826.15 crore in the corresponding period of the preceding year, according to a regulatory the 2024-25 fiscal, Keystone Realtors' profit rose 69 per cent to Rs 188.13 crore from Rs 111.03 crore in the preceding income fell to Rs 2,121.44 crore last fiscal from Rs 2,275.63 crore in the 2023-24 financial on the company's performance, Keystone Realtors CMD Boman Irani said the company has achieved most of its guidance on operational parameters for the 2024-25 fiscal year The company's pre-sales or sales bookings stood at Rs 3,028 crore last fiscal year, an increase of 34 per cent annually."This performance is a testament to the resilience of our strategy and the continued momentum we are experiencing," said Irani, who is also Chairman of realtors' apex body 2024-25, Keystone Realtors added 9 land parcels, which could generate sales potential of Rs 4,783 crore in the coming said the Board of Directors has recommended a final dividend of Rs 1.50 per fully paid-up equity share for the financial year ended March 31, 2025."The demand for our products remains robust, and we are excited about the strong pipeline of upcoming launches for FY26. Our asset-light model, with a focus on redevelopment opportunities, particularly in Mumbai MMR, continues to be a key driver of growth," he Realtors has completed 37 projects and is constructing 16 projects. So far, the company has delivered over 26 million square feet of construction area, with a pipeline of over 40 million square feet of construction area in the works.
