Rustomjee Achieves Record ₹10.68 Bn Pre-Sales in Q1FY26; Launches Projects Worth ₹40 Bn GDV
By Shishta Dutta | Published at: Jul 7, 2025 10:42 AM IST
Mumbai, July 7, 2025 – Keystone Realtors Ltd (NSE: RUSTOMJEE, BSE: 543669) reported a robust operational performance for the quarter ended June 30, 2025 (Q1 FY26), with record-high Q1 pre-sales and aggressive new project launches, setting the tone for a strong financial year.
Key Operational Highlights (Q1 FY26)
| Metric | Q1 FY26 | Q1 FY25 | YoY Growth | Q4 FY25 | QoQ Growth |
|---|---|---|---|---|---|
| Area Booked (Mn Sq Ft) | 0.63 | 0.24 | 159% | 0.58 | 9% |
| Pre-Sales (₹ Bn) | 10.68 | 6.11 | 75% | 8.54 | 25% |
| Collections (₹ Bn) | 5.75 | 4.85 | 19% | 7.47 | -23% |
- Best-Ever Q1 Pre-Sales: Rustomjee clocked ₹10.68 crore in pre-sales, marking a 75% YoY growth and achieving the company’s best-ever Q1 performance.
- Collections Impacted Sequentially: Collections for the quarter stood at ₹5.75 crore, up 19% YoY but down 23% QoQ, attributed to project launch timing and customer payment cycles.
Strategic Expansion Initiatives
New Launches
During the quarter, Rustomjee launched three residential projects with a total saleable area of 0.91 million sq ft and an estimated Gross Development Value (GDV) of ₹40 billion:
- Rustomjee Balmoral, Chembur
- Rustomjee Crescent, Pali Hill
- Rustomjee Cliff Tower, Bandra
These projects represent 57% of FY26’s full-year guidance already achieved in the first quarter.
Business Development
Three major redevelopment projects were added in Q1 FY26, contributing a total saleable area of 3.25 million sq ft and GDV of ₹77.27 billion:
- GTB Nagar, Sion
- Lokhandwala Cluster, Andheri West
- Swarganga CHSL, Goregaon East
Management Commentary
“We have already surpassed our full-year FY26 guidance in the very first quarter. Our leadership in Mumbai’s redevelopment space positions us strongly for sustained growth,” said Boman Irani, CMD, Keystone Realtors Ltd.
“Q1FY26 has laid a strong foundation for the year, with pre-sales of ₹10.68 billion and strategic launches. Our strong balance sheet equips us to deliver long-term stakeholder value,” said Mr. Irani.
Keystone Realtors Stock Performance
As of 9:52 AM IST, Keystone Realtors shares are trading at ₹653, representing a 2.56% gain as of July 7, 2025. Keystone Realtors shares have dipped 2.54% in the last year, down 4.04% in the year-to-date, and gained 19.82% in the previous month.
About Keystone Realtors
Keystone Realtors Ltd (Rustomjee) is a leading listed real estate developer in Mumbai, known for its residential and redevelopment projects. The company is listed on NSE and BSE under the ticker RUSTOMJEE and Scrip Code 543669, respectively.
SEBI Regulation Reference: Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015.
Note: All figures are provisional and subject to audit.
REF:https://nsearchives.nseindia.com/corporate/RUSTOMJEE_07072025082441_KOD.pdf
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