Keystone Realtors Q1 FY27 Earnings Call Transcript Released
Keystone Realtors reported a 72% YoY revenue increase to ₹470 crore and a 259% YoY EBITDA jump to ₹105.1 crore for Q1 FY27. Pre-sales reached ₹617 crore, with collections at ₹599 crore. Two new projects with ₹547 crore GDV were added. The company maintained a AA- credit rating and robust financials.
The announcement details strong financial performance, strategic project additions, and positive credit rating upgrades, which are material information for investors and stakeholders, significantly impacting their perception of the company's health and future prospects.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, alongside strong pre-sales and collections. The addition of new projects and a stable credit rating further contribute to a positive outlook.
Keystone Realtors Limited (RUSTOMJEE) has released the transcript of its earnings conference call held on August 4, 2026, concerning the unaudited financial results for the quarter ended June 30, 2026. The company reported strong year-on-year growth in Q1 FY27, with revenue increasing by 72% to ₹470 crores. EBITDA saw a significant jump of 259% to ₹105.1 crores, with margins expanding to 21.3% from 10.1% in the prior year's quarter. Profit After Tax (PAT) grew by 221% to ₹52.4 crores, marking the highest ever Q1 PAT for the company.
During the quarter, Keystone Realtors achieved pre-sales of ₹617 crores and collections of ₹599 crores, maintaining a collection efficiency of 97%. The company added two new projects: a plotted development in Igatpuri and a part of a cluster development in Dindoshi, with a combined Gross Development Value (GDV) of ₹547 crores. Construction activity commenced on the commercial project '28 HQ' in Prabhadevi, and RERA approval was received for the residential project 'Rustomjee Ozone Skye' in Goregaon West.
The company's balance sheet remains robust, with a gross debt-to-equity ratio of 0.3:1 and a net debt-to-equity ratio of 0.02:1. Both CRISIL and ICRA have assigned a AA- credit rating with a stable outlook. On the ESG front, Keystone Realtors achieved ISO 14001:2015 and ISO 45001:2018 certifications across all Rustomjee projects in MMR and received IGBC gold precertification for three projects. The company also completed the Kawale Village Dam project in partnership with the Rotary Club of Bombay Airport.
Looking ahead, the company has a robust launch pipeline estimated at ₹8,000 crores GDV, including projects like Urban Woods, Avinash Towers, Urbania, GTB Nagar, and Dindoshi cluster development. Management anticipates OCF to pick up from Q2 onwards, with a more noticeable difference in Q3 and Q4, maintaining the guidance of ₹1,000 crores OCF for the year. The company continues to focus on premium and super-premium segments, while also exploring expansion in the MMR region, including potential tie-ups in Palghar.
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Keystone Realtors Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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