Rustomjee FY26 Pre-Sales Surge 33% to ₹4,022 Cr; Targets ₹10,000 Cr by FY30
Keystone Realtors Limited (Rustomjee) reported FY26 pre-sales of ₹4,022 Cr, a 33% YoY surge, with Q4FY26 pre-sales at ₹1,346 Cr (58% YoY growth). The company launched 7 projects (GDV ₹9,813 Cr) and added 5 projects (GDV ₹10,420 Cr) in FY26. Rustomjee targets ₹10,000 Cr pre-sales by FY30 and maintains a Net Cash Positive status.
The significant growth in pre-sales, project pipeline expansion, and a clear future growth target indicate a substantial positive impact on the company's market position and financial prospects.
The company has shown strong year-on-year growth in pre-sales, project launches, and additions, exceeding its own guidance and setting ambitious future targets. The credit rating upgrade further reinforces a positive outlook.
Keystone Realtors Limited (Rustomjee) announced its financial results for the fiscal year ending March 31, 2026, reporting a significant 33% year-on-year growth in pre-sales to ₹4,022 Crores (INR 40.22 billion). This performance surpasses previous guidance and represents a 2.5x increase in pre-sales over three years, with a CAGR of 36%.
The company also achieved its highest-ever Q4FY26 pre-sales of ₹1,346 Crores (INR 13.46 billion), marking a 58% YoY increase. Rustomjee launched 7 projects in FY26 with a total Gross Development Value (GDV) of ₹9,813 Crores (INR 98.13 billion), exceeding its guidance by 140% and showing a 96% YoY growth. Furthermore, the company added 5 projects with a total GDV of ₹10,420 Crores (INR 104.20 billion) in FY26, surpassing guidance by 174% and achieving 118% YoY growth.
Commenting on the results, Chairman and Managing Director Mr. Boman Irani expressed pride in the company's performance, stating that all metrics have surpassed guidance. He highlighted that collections reached ₹2,622 Crores (INR 26.22 billion) for FY26. Rustomjee has set an ambitious target of becoming a ₹10,000 Crore pre-sales company by FY30, driven by its strategic enablers: Scale Multiplier, Velocity Multiplier, and Stability Multiplier. The company maintains a Net Cash Positive status and has seen its credit rating upgraded to "AA-/Stable" by Crisil Ratings.
Consolidated financial highlights for FY26 include Revenue from Operations of ₹2,635 Crores (INR 26.35 billion), EBITDA of ₹204 Crores (INR 2.04 billion), and PAT of ₹95 Crores (INR 0.95 billion). For Q4FY26, Revenue from Operations was ₹1,596 Crores (INR 15.96 billion), EBITDA was ₹99 Crores (INR 0.99 billion), and PAT was ₹64 Crores (INR 0.64 billion).
The company is strategically positioned for growth in the Mumbai Metropolitan Region (MMR), focusing on redevelopment and leveraging its strong balance sheet. With legacy project overhangs substantially behind, Rustomjee anticipates expansion in reported margins as its new, high-margin pipeline matures.
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