Keystone Realtors’ Performance Analyzed

Keystone Realtors, a big real estate company in Mumbai, recently shared some important numbers about how they’re doing. They sold less pre-sales (homes before they’re finished) in the last three months, but it’s still good news overall. Let’s break it down to see what’s happening and what it means for the future.

Key Points

• Pre-sales down 3% to ₹836.99 crore in Q3 FY26.
• Area sold increased 13% to 0.46 million sq ft.
• Collections down 3% year-on-year to ₹524 crore.
• Year-to-date pre-sales up 23% to ₹2,676 crore.
• Five projects added this year with a total GDV of ₹5,835 crore.
• Company focused on redevelopment in Mumbai with a strong balance sheet.

In the last quarter (Q3 of the year 2026), Keystone Realtors sold slightly fewer “pre-sales,” which are homes they’ve already promised to build. They sold about ₹836.99 billion, which is a little less than the ₹863 billion they sold the previous quarter. However, they sold a larger area of land – 0.46 million square feet – which is 13% more than last year’s 0.41 million square feet.

Money Collected

During that same period, Keystone Realtors collected ₹524 billion in money. This was a little less than before (down 3% from last year). But looking at the whole year so far (from the beginning of the year up to this quarter), they’ve collected a lot more – ₹2,676 billion, which is 23% more than the year before. This shows they’re doing a really good job of getting people to agree to buy their homes.

New Buildings

Keystone Realtors added five new buildings to their plans this year. These buildings are worth a total of ₹5,835 billion. They are even ahead of schedule, having built 83% of what they planned for the whole year. One of the new buildings alone is worth ₹3.82 billion, and the four others combined represent 3.48 million square feet of space, also valued at ₹86.49 billion.

What the CEO Says

The company’s leader, Boman Irani, is happy with how things are going. He says they’re selling homes quickly and adding new buildings, which is helping them reach their goals. They’re especially focused on rebuilding older areas of Mumbai, which is a smart plan because they have a lot of money and are doing a good job.

Financial Results (Recent)

Recently, Keystone Realtors had a decrease in profit and revenue. Their net profit dropped significantly by 87.1%, down to ₹8.55 billion, and their total revenue decreased by 6.3% to ₹499.28 billion, compared to the previous quarter. The price of their shares went down a bit—they were trading at ₹521.10.

The company’s strategic focus on Mumbai redevelopment is driving significant growth and exceeding targets.