NSEGeneral Updates10 Jul 2026 · 10 Jul 2026, 05:06 pm
General Updates
Keystone Realtors Limited · RUSTOMJEE
✦ AI Summary▲ PositiveResults
Keystone Realtors Limited has reported Q1FY27 operational updates, with pre-sales of INR 6.17 billion, a 42% decline from Q1FY26. Collections improved by 4% YoY, and the company has a strong launch pipeline planned across the MMR. CRISIL and ICRA have upgraded the company's credit rating to 'AA- (with Stable Outlook)'.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Keystone Realtors Limited has informed the Exchange about General Updates
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RUSTOMJEE_10072026170602_Key_Operational_Data_-_Q1FY27.pdf
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Date: July 10, 2026
The General Manager, The Manager,
Listing Department, Listing & Compliance Department,
BSE Limited, National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block,
Dalal Street, Bandra Kurla Complex,
Mumbai – 400 001 Bandra East, Mumbai – 400 051
Scrip Code: 543669 & 977174 Scrip Symbol: RUSTOMJEE
Sub: Disclosure pursuant to Regulation 30 of Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the
Regulations”)
Dear Sir / Madam,
Please find below our Key Operational Updates for Q1FY27:
Operational YoY
Performance Matrix Q1FY27 Q1FY26 Growth Q4FY26
(QoQ) (%)
Area (In Mn Sqft) 0.32 0.63 -49% 0.53
Pre-Sales (In INR bn) 6.17 10.68 -42% 13.46
Collection (In INR bn) 5.99 5.75 4% 8.53
a) Pre-Sales: Pre-Sales of INR 6.17 bn in Q1FY27 as compared to INR 10.68 bn in
Q1FY26. Given that there was no new launch planned in Q1FY27, pre-sales were
mainly supported by resilient sustenance sales, reflecting continued buyer interest
and sustained homebuyer confidence in the Company's projects. However, with
general improvement in economic situation due to stability in geo-political
situation, we expect pickup in sales in upcoming quarters.
b) Collections: Collections of INR 5.99 bn in Q1FY27 as compared to INR 5.75 bn in
Q1FY26. Healthy collections from previously sold units and sustenance sales
across ongoing projects, continued to generate robust cash flows and
strengthening the Company's liquidity position.
KEYSTONE REALTORS LIMITED
Registered Office : 702, NATRAJ, M. V. Road Junction, Western Express Highway, Andheri (East), Mumbai - 400 069.
Tel.: +91 22 6676 6888 | CIN : L45200MH1995PLC094208 | Website: www.rustomjee.com
c) New Launches: The Company has a strong launch pipeline planned across the
MMR over the coming quarters, which is expected to enhance its market position
and drive sustainable growth while creating value for customers and
stakeholders.
d) Business Development: We added 2 Projects in Q1FY27 having saleable area of
1.98 mn sq ft and estimated GDV of INR 7.13 bn (“Utkarsh CHSL” at Dindoshi
Nagar Cluster, Goregaon East, “Plotted Development” at Igatpuri). These
strategic additions reinforce the Company's leadership in cluster redevelopment,
a key scale multiplier, while further expanding its presence in the plotted
development segment, which serves as a velocity multiplier, supporting its long-
term growth objectives.
e) Completions: We completed 1 Project in Q1FY27 with construction area of 0.07
mn sq ft. (“Rustomjee Ashiana” at Juhu)
a) Credit Rating: In addition to CRISIL Credit rating of “AA- (with Stable
Outlook)”, ICRA has also upgraded our Credit rating from “A+ (With Stable
Outlook)” to “AA - (with Stable Outlook)”.
Commenting on the Company’s operational performance for Q1FY27, Mr. Boman
Irani, CMD of Keystone Realtors Limited, said
“Q1FY27 marks a steady start to the year as we build on the strong momentum
achieved in FY26. During the quarter, we recorded pre-sales of INR 6.17 billion,
supported by resilient sustenance sales and continued homebuyer confidence in our
projects. Looking ahead, we have a robust pipeline of launches planned across the
MMR over the coming quarters. These launches are expected to strengthen our market
position and support our objective of achieving the pre-sales guidance for FY27.
Backed by our execution capabilities, disciplined project delivery, and favorable
market fundamentals, we remain well positioned to drive sustainable growth. On the
business development front, we added two projects during the quarter with an
estimated GDV of INR 7.13 billion, further strengthening our future launch pipeline.
These additions reinforce our leadership in Mumbai's redevelopment segment and
more particularly in the Cluster redevelopment segment while also expanding our
presence in the plotted development space, in line with our long-term growth
strategy. Supported by a strong balance sheet and a healthy liquidity position, we
KEYSTONE REALTORS LIMITED
Registered Office : 702, NATRAJ, M. V. Road Junction, Western Express Highway, Andheri (East), Mumbai - 400 069.
Tel.: +91 22 6676 6888 | CIN : L45200MH1995PLC094208 | Website: www.rustomjee.com
remain well capitalized to pursue growth opportunities, execute our development
pipeline efficiently, and create long-term value for our customers, shareholders, and
all stakeholders”
Please note that aforesaid nos. are provisional and subject to audit. This is for the
information of all concerned. Request you to kindly disseminate the above
information on your respective websites.
Thanking you,
For Keystone Realtors Limited
Bimal K Nanda
Company Secretary and Compliance Officer
Membership No. A11578
KEYSTONE REALTORS LIMITED
Registered Office : 702, NATRAJ, M. V. Road Junction, Western Express Highway, Andheri (East), Mumbai - 400 069.
Tel.: +91 22 6676 6888 | CIN : L45200MH1995PLC094208 | Website: www.rustomjee.com