Rustomjee Posts 9% YoY Growth in Q2FY26 Pre-Sales; Achieves 46% of Annual Target in H1FY26

Mumbai, October 8, 2025: Keystone Realtors Limited (NSE: RUSTOMJEE, BSE: 543669) reported a strong operational performance for the second quarter and half-year ended September 2025, driven by the continuation of growth trends in pre-sales, new launches, and collections.

Keystone Realtors Limited, under the Rustomjee brand, is one of the top Mumbai-based real estate companies that deals in residential as well as commercial property, with special emphasis on redevelopment in the Mumbai Metropolitan Region (MMR). It is listed on both the BSE and the NSE.

Key Operational Highlights

• Stable Performance: Keystone Realtors maintained consistent growth across all operational parameters in Q2FY26.
• Sales Volume Growth: Sold 0.50 million sq. ft., marking a 9% year-on-year increase from 0.46 million sq. ft. in Q2FY25.
• Quarterly Comparison: The sales volume was slightly lower than the 0.63 million sq. ft. recorded in the previous quarter.
• Pre-Sales Growth: Pre-sales rose 9% year-on-year to ₹7.63 billion, compared with ₹7 billion in Q2FY25.
• Collection Increase: Collections improved 9% year-on-year to ₹6.01 billion, up from ₹5.52 billion in the same quarter last year.
• Market Consistency: Sustained growth reflects robust execution and steady demand across key markets.

First Half (H1 FY26) Performance

• Strong Sales Momentum: Achieved 1.13 million sq. ft. in total sales, up 61% year-on-year from 0.70 million sq. ft. in H1 FY25.
• Healthy Pre-Sales: Recorded ₹18.31 billion in pre-sales, showing a 40% increase from ₹13.11 billion last year.
• Improved Collections: Collections rose 13% year-on-year to ₹11.77 billion, compared with ₹10.37 billion in H1 FY25.
• Sustained Growth Outlook: The strong first-half performance highlights resilient demand, timely project launches, and a diverse project portfolio.

Progress Toward Annual Targets

• Pre-Sales Achievement: Rustomjee reached 46% of its full-year pre-sales goal in H1 FY26.
• Launch Progress: Achieved 70% of its FY26 launch target within the first half of the year.

Business Development and Launches

The group launched a new project, Thirty3.15 at Bandra West, during Q2FY26, featuring a saleable area of 0.21 million sq. ft. and an estimated gross development value (GDV) of ₹9.49 billion. The same year, the company strengthened its portfolio further through the induction of three redevelopment projects, GTB Nagar (Sion), Lokhandwala Cluster (Andheri West), and Swarganga CHSL (Goregaon East), covering a total saleable area of 3.25 mn sq. ft. and a potential GDV of ₹77.27 billion, beyond its full-year business development expectation.

Management Commentary

Boman Irani, MD and Chairman, remarked: “This is another quarter of solid performance, reaffirming our consistent growth trajectory and disciplined execution. We achieved Q2FY26 pre-sales of ₹7.63 billion, with a growth of 9% YoY, and achieved 46% of our annual pre-sales targets in the first half. A healthy project backlog and redevelopment focus keep us well-poised to take advantage of festive season demand as we continue to offer sustained value creation to our stakeholders.”

Share Price Reacts Mildly Amid Strong Q2FY26 Performance

Following the announcement of its Q2FY26 results, Keystone Realtors shares saw a mild uptick in share price on October 8, 2025. As of 12:28 pm IST, the stock traded at ₹618.75, up 0.15% or ₹0.95 for the day. The shares opened at ₹634.00, touching a high of ₹634.00 and a low of ₹613.35, reflecting investor caution despite the company’s steady growth. Keystone’s market capitalisation stood at ₹7.81K crore, with a P/E ratio of 48.64 and a dividend yield of 0.24%.

REF: https://nsearchives.nseindia.com/corporate/RUSTOMJEE_07102025191102_Key_Operational_Data_-_Q2FY26.pdf

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