Keystone Realtors Q2FY27 Pre-Sales Surge 84% YoY to ₹1,423 Crore, Achieves Record H1
Keystone Realtors achieved record H1FY27 pre-sales of ₹2,041 crore, up 11% YoY. Q2FY27 pre-sales surged 84% YoY to ₹1,423 crore. The company launched two projects with GDV ₹2,196 crore in Q2FY27 and added two more projects with GDV ₹547 crore in H1FY27. Strategic initiatives include a pre-cast plant and a new USD 450 million fund.
Record pre-sales, significant YoY growth, and the launch of new projects with substantial GDV are material developments that are expected to positively impact the company's financial performance and market position.
The company reported record pre-sales figures for both the quarter and half-year, indicating strong market demand and successful project execution. The launch of new projects and strategic initiatives further bolster a positive outlook.
Keystone Realtors Limited (RUSTOMJEE) reported strong operational updates for H1FY27 and Q2FY27, highlighting record-breaking pre-sales.
In Q2FY27, the company achieved its highest-ever quarterly pre-sales of ₹14.23 billion (₹1,423 crore), an 84% year-on-year increase from ₹7.72 billion (₹772 crore) in Q2FY26. For the half-year ended H1FY27, pre-sales reached an all-time high of ₹20.41 billion (₹2,041 crore), up 11% year-on-year from ₹18.39 billion (₹1,839 crore) in H1FY26. This performance signifies that 41% of the full-year FY27 pre-sales guidance was achieved in the first half, driven by strong demand in luxury and super-premium projects.
Collections for Q2FY27 stood at ₹5.41 billion (₹541 crore), a decrease of 19% from ₹6.69 billion (₹669 crore) in Q2FY26. For H1FY27, collections were ₹11.41 billion (₹1,141 crore), down 8% from ₹12.45 billion (₹1,245 crore) in H1FY26.
The company launched "Rustomjee Ozone Skye" in Malad West and commenced construction of the commercial project "25HQ" in Prabhadevi during Q2FY27, adding 0.54 million sq. ft. of saleable area with an estimated Gross Development Value (GDV) of ₹21.96 billion (₹2,196 crore).
In H1FY27, Keystone Realtors added two projects with a saleable area of 1.41 million sq. ft. and an estimated GDV of ₹5.47 billion (₹547 crore): "Utkarsh CHSL" at Dindoshi Nagar Cluster, Goregaon East, and a "Plotted Development" at Igatpuri. The company also completed three RERA projects in Q2FY27, totaling 1.32 million sq. ft. of construction area in Urbania, Thane, six to twelve months ahead of their RERA timelines.
Key strategic initiatives include signing a contract with Robin Village Development (RVD) for an in-house pre-cast plant to enhance construction quality and speed, and the expansion of its fund management business through a second fund of USD 450 million in a joint venture with Marubeni Corporation.
Mr. Boman Irani, CMD of Keystone Realtors Limited, commented, "This quarter marks yet another period of strong performance, reaffirming our consistent growth trajectory and disciplined execution. Building on the solid momentum carried forward from FY26, we achieved our highest ever Quarterly Pre-Sales of INR 14.23 billion in Q2FY27, reflecting a 84% year-on-year growth and thereby achieving our highest ever H1 Pre-Sales of INR 20.41 billion in H1FY27. We successfully accomplished about 41% of our full-year FY27 Pre-Sales guidance within the first half of FY27. This landmark performance was driven by exceptional demand for our Luxury and Super premium projects. Redevelopment in Mumbai continues to remain a core strategic focus, offering immense potential for sustained value creation."
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