Keystone Realtors Ltd (NSE:RUSTOMJEE)
₹ 371.45 -2.05 (-0.55%) Market Cap: 46.90 Bil Enterprise Value: 50.79 Bil PE Ratio: 40.21 PB Ratio: 1.64 GF Score: 65/100

Q1 2026 Keystone Realtors Ltd Earnings Call Transcript

Aug 5, 2025 / 11:30 AM GMT
Release Date Price: ₹590.85 (-5.42%)

Key Points

Positve
  • Keystone Realtors Ltd (BOM:543669) reported its highest ever quarterly pre-sales of 1,068 crores, marking a 75% growth compared to the same quarter last year.
  • The company achieved its highest quarterly launches worth 3,967 crores, doubling the launch value recorded in the same period last year.
  • Keystone Realtors Ltd (BOM:543669) added three projects with a combined GDP of 7,727 crores, exceeding the entire guidance for FY26 by more than 1.25 times.
  • The company maintains a strong liquidity position with total free cash of 714 crores and a gross debt to equity ratio of 0.11 to 1.
  • Keystone Realtors Ltd (BOM:543669) received an upgraded credit rating from ICRA, moving from A to A+ with a stable outlook, reflecting its robust financial profile and strong project pipeline.
Negative
  • The gap between gross collections and net collections widened this quarter, with net collections at 62% compared to the usual 75-80% in previous quarters.
  • Despite strong pre-sales, the company is not revising its guidance upwards yet, indicating a cautious approach to future projections.
  • The company faces challenges related to environmental clearances, although recent court decisions have been favorable.
  • Keystone Realtors Ltd (BOM:543669) operates in a highly competitive redevelopment space, which could impact margins and profitability.
  • The execution of large-scale cluster developments requires careful planning and coordination, potentially leading to longer timelines and increased complexity.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KEYS.NS - Keystone Realtors Ltd
Q1 2026 Keystone Realtors Ltd Earnings Call
Aug 05, 2025 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Keystone Realtors Limited Q1XY 26 earnings conference call hosted by Axis Capital Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing then 0 on your touchtone phone.

Please note that this conference is being recorded. I now hand the conference over to Mr. Pradesh state from Axis Capital Limited.

Thank you and over to you.

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Unidentified_2 [2]
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