Rustomjee Q1FY27 Revenue Surges 72% to ₹470 Cr; PAT Jumps 221% to ₹52 Cr
Keystone Realtors (Rustomjee) reported Q1FY27 results with Revenue up 72% YoY to ₹470 Cr and PAT up 221% YoY to ₹52 Cr. Pre-sales reached ₹617 Cr and collections were ₹599 Cr. The company added two new projects worth ₹547 Cr and has a pipeline of ₹8,000 Cr.
The substantial growth in key financial metrics, along with positive future outlook and credit rating upgrades, is likely to have a significant positive impact on investor sentiment and the company's market position.
The company reported significant year-on-year growth in revenue, PAT, and EBITDA, along with improved margins and a strong project pipeline. The credit ratings were also upgraded, indicating a positive financial outlook.
Keystone Realtors Limited (Rustomjee) announced a strong financial performance for the first quarter of Fiscal Year 2027 (Q1FY27), ending June 30, 2026. The company reported a significant 72% year-on-year increase in Revenue from Operations, reaching ₹470 Crores (INR 4.70 billion) compared to ₹273 Crores (INR 2.73 billion) in Q1FY26. The Profit After Tax (PAT) witnessed a substantial surge of 221% to ₹52 Crores (INR 0.52 billion) from ₹16 Crores (INR 0.16 billion) in the same period last year, marking the company's highest-ever Q1 PAT.
During the quarter, Rustomjee achieved pre-sales of ₹617 Crores (INR 6.17 billion), driven by resilient sustenance sales and sustained homebuyer confidence. Collections stood at ₹599 Crores (INR 5.99 billion), reflecting strong execution and healthy operating cash flows. The company's EBITDA margin expanded significantly to 21.3% in Q1FY27 from 10.1% in Q1FY26, with EBITDA growing to ₹105 Crores (INR 1.05 billion) from ₹29 Crores (INR 0.29 billion) year-on-year.
Looking ahead, Rustomjee has a robust pipeline of upcoming launches with an estimated Gross Development Value (GDV) of ₹8,000 Crores (INR 80 billion) across the Mumbai Metropolitan Region (MMR). The company also added two new projects in Q1FY27 with a total GDV of ₹547 Crores (INR 5.47 billion), supporting its long-term growth objectives. Mr. Boman Irani, Chairman and Managing Director, highlighted the company's strong execution capabilities, disciplined project delivery, and favorable market fundamentals as key drivers for sustained growth.
Furthermore, the company secured dual credit ratings of “AA- (with Stable Outlook)” from both ICRA and CRISIL, underscoring its strong financial profile and prudent capital management. The company's outlook remains positive, leveraging the growth trajectory of the MMR real estate industry and its strategic focus on redevelopment and expansion.
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