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Earnings Call

Keystone Realtors Earnings Call: Key Takeaways

Keystone Realtors (Rustomjee) reports Q4 FY26 earnings with record presales of ₹1,346 crores. Management transitions to POCM accounting to reflect better margins from a high-growth pipeline.

Why this was an Alfa AlertNot a filter event. Performance was in line with management's stated guidance of INR 4,000 crores presales for FY26.
Highlights
Revenue growthFY26 revenue at ₹2,635 crores; transitions to POCM for future reporting.
MarginsTargeting 35% gross margins and 20% EBITDA margins for new projects.
Order bookBD added 5 projects in FY26 with GDV of ₹10,400 crores.
Demand visibilityStrong structural demand in MMR; redevelopment opportunity estimated at ₹130,000 crores.
Management confidenceHigh; emphasizing 3-year track record of meeting or surpassing every guidance metric.

Growth

FY26 presales grew 33% YoY to ₹4,022 crores. Q4 presales jumped 58% YoY.

Outlook

FY27 presales guidance of ₹5,000 crores; targeting ₹10,000 crores by FY30. Planned FY27 acquisitions of ₹8,000+ crores.

Risks

Input cost inflation (8-13% on specific items), potential supply shortages, and currency volatility impacting project costs.

Source

Earnings Call filed with BSE, NSE: RUSTOMJEE. Summary written with AI assistance from the document.

Read the document ↗

Keystone Realtors Ltd: key numbers

Share price
₹366.50
Market cap
₹4,627 Cr
Revenue (annual)
₹2,635 Cr
Net profit (annual)
₹78.86 Cr
P/E (TTM)
39.4×Sector 35.8×
Promoter holding
74.59%+0.00% QoQ
FII holding
2.35%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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