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Investor Presentation

Keystone Realtors Investor Presentation: Key Takeaways

Q2FY27 revenue INR 4.97 Bn, EBITDA INR 0.74 Bn (14.5%), PAT INR 1.01 Bn; record Q2 pre-sales INR 14.23 Bn (+84% YoY). Growth focus on redevelopment, cluster and plotted projects.

Highlights
Revenue growthH1 revenue +25% YoY; Q2 growth not stated
MarginsQ2 EBITDA margin 14.5% vs H1 17.8%
Order bookOngoing 8.28 msf saleable; forthcoming 22.24 msf saleable
Demand visibilityQ2 pre-sales INR 14.23 Bn, +84% YoY; H1 41% of FY27 guidance

Growth

H1 revenue INR 9.67 Bn, +25% YoY; H1 PAT INR 1.53 Bn. Q2 collections fell 19% YoY to INR 5.41 Bn.

Outlook

FY27 pre-sales guidance INR 50 Bn (41% achieved in H1); FY30 pre-sales target INR 100 Bn. Gross D/E 0.28:1.

Risks

Collections down 19% YoY in Q2; launch GDV INR 22 Bn vs INR 80 Bn FY27 guidance; Q2 margin 14.5% vs H1 17.8%.

Last quarter's promises, checked

Delivered

  • Guided gross D/E <0.75:1 → delivered 0.28:1 (= BEAT)
  • Guided Ozone Skye launch (ready Aug 4) → launched Q2 (= BEAT)

Partly delivered

  • Guided FY27 launch GDV INR 8,000 cr+ → H1 launch GDV INR 2,200 cr (= PARTIAL)
  • Guided FY27 OCF INR 1,000 cr, pickup from Q2 → Q1 OCF 68 cr, Q2 OCF 125 cr (= PARTIAL)

Missed

  • Guided Q2 margin to improve QoQ from Q1 21.3% → Q2 EBITDA 14.5% (= MISS)
  • Guided GTB Nagar launch this/next quarter → not in Q2 launches (Ozone Skye, Malad only) (= MISS)
Source

Investor Presentation filed with BSE, NSE: RUSTOMJEE. Summary written with AI assistance from the document.

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Keystone Realtors Ltd: key numbers

Share price
₹364.85
Market cap
₹4,609 Cr
Revenue (annual)
₹2,635 Cr
Net profit (annual)
₹78.86 Cr
P/E (TTM)
39.2×Sector 35.3×
Promoter holding
74.54%-0.05% QoQ
FII holding
2.44%Current quarter

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

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