Keystone Realtors Ltd Share Price – NSE  / BSE

Realty, Small Cap

The project entails the redevelopment of eight housing societies spread across a strategically located land parcel admeasuring approximately 20,569.90 square metres. Upon completion, the project will rehouse 637 existing members across the societies.

The redevelopment is expected to unlock a free sale potential of around 5 lakh sq ft of RERA carpet area, with an estimated gross development value (GDV) of about Rs 1,775 crore, according to the company.

The addition strengthens Rustomjee?s footprint in Mumbai?s high-growth western suburbs and aligns with its strategy of building a diversified portfolio across ticket sizes and micro-markets. The project is also in line with the developer?s focus on creating gated communities and integrated lifestyle offerings through large-format redevelopment initiatives.

With this project, the company has further augmented its development pipeline for the current financial year, continuing its momentum of adding strategically located redevelopment projects in key urban clusters.

Boman Irani, chairman and MD, Keystone Realtors, commented, ?We are pleased to have been selected as the preferred Developer for the Om Nagar redevelopment project in Andheri (East), which represents an important addition to Rustomjee?s growing redevelopment portfolio. With a GDV of nearly Rs. 1,775 Crores and a significant development footprint, this project exemplifies our focus on scale, location, and value creation.

This project underscores the confidence placed in our ability to execute large-scale, complex urban redevelopment assignments and deliver well-planned communities. The Company is increasing its focus on large society redevelopment, and this project further enhances our presence in a strategically important suburban market. We believe that urban redevelopment is not just about creating real estate, but about revitalizing communities and transforming the way people live in the city. We remain focused on disciplined execution and value creation as we continue to strengthen our project pipeline and pursue sustainable long-term growth.?

Keystone Realtors is one of the prominent real estate developers in the Mumbai Metropolitan Region (MMR).

The company?s consolidated net profit fell 77.57% to Rs 3.38 crore on 42.64% fall in revenue from operations to Rs 266.17 crore in Q3 December 2025 over Q3 December 2024.

Shares of Keystone Realtors fell 5.07% to Rs 466.85 on the BSE.

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Keystone Realtors (Rustomjee Group) has been appointed as the Developer for a landmark large society redevelopment project of Om Nagar Co-operative Housing Society Federation Limited. The project involves the redevelopment of eight housing societies located on a strategically placed land parcel cumulative admeasuring ~20,569.90 square meters at Andheri (East), Mumbai, Maharashtra.

The proposed redevelopment will result in the rehousing of 637 existing members across all societies and is expected to unlock a significant free sale potential of ~5 Lakhs sq. ft. of RERA carpet area, with an estimated Gross Development Value (GDV) of ~Rs. 1,775 crore.

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Keystone Realtors has allotted 2,708 equity shares under ESOP on 10 February 2026.

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Profit before tax (PBT) tumbled 76.55% YoY to Rs 10.48 crore during the quarter.

EBITDA stood at Rs 39.1 crore in Q3 FY26, registering de-growth of 37.84%, compared with Rs 62.9 crore posted in corresponding quarter last year. EBITDA margin improved to 13.3% in Q3 FY26 as against 12.9% in Q3 FY25.

During the quarter, pre-sales fell 3.01% YoY to Rs 837 crore, while collection dropped 3.32% YoY to Rs 524 crore.

Gross Debt stands at Rs 625 crore and Gross Debt/Equity ratio is 0.22 as on Q3 FY26.

During Q3FY26 the company launched 1 project with an estimated GDV of Rs 919 crore. With this launch, the total number of projects launched in YTD FY26 increased to five, with an estimated GDV of Rs 5,835 crore. About 83% of the full-year FY26 launches guidance of Rs 7,000 crore has already been achieved in YTD FY26.

Boman Irani, chairman and managing director, Keystone Realtors, said, ?We are delighted with the company?s strong performance in Q3 FY25-26, which reflects both the commitment of our teams and the continued trust of our customers. Building on the momentum from FY25, our pre-sales reached Rs 837 crore in Q3 FY26 and Rs 2,676 crore for YTD FY26, representing a robust 23% year-on-year growth.

During the quarter, we successfully launched a new project with an estimated GDV of Rs 919 crore, taking our cumulative launches for YTD FY26 to five projects with a total GDV of Rs 5,835 crore. In line with our proactive business development strategy, we added another project with an estimated GDV of Rs 382 crore, bringing our cumulative additions for YTD FY26 to four new projects, including two cluster redevelopment initiatives, with a combined GDV of Rs 8,649 crore surpassing our full-year guidance.?

Keystone Realtors is one of the prominent real estate developers in the Mumbai Metropolitan Region (MMR).

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