Mumbai-based Keystone Realtors Limited, which operates under the Rustomjee brand, reported its highest-ever quarterly pre-sales of ₹13.46 billion in Q4FY26, a 58 per cent jump year-on-year, and announced it had met its full-year pre-sales guidance of ₹40.22 billion — up 33 per cent over FY25’s ₹30.28 billion.
Collections also hit a record in the quarter at ₹8.53 billion, 14 per cent higher than Q4FY25, bringing full-year collections to ₹26.21 billion, a 13 per cent annual gain.
The company launched two projects in Q4 — “Bandstand Cama” in Bandra West and “Rustomjee Vista Bay” in Sewri — with a combined saleable area of 0.69 million sq ft and an estimated gross development value (GDV) of ₹39.78 billion. For the full year, Keystone launched seven projects with an estimated GDV of ₹98.13 billion, surpassing its ₹70 billion launch guidance by 40 per cent and growing 96 per cent over FY25.
On the business development front, the company added five redevelopment projects in FY26 with a total GDV of ₹104.20 billion, exceeding its ₹60 billion guidance by 74 per cent and growing 118 per cent year-on-year. One project — “Om Nagar CHSFL” in Andheri East — was added in Q4 alone, with a GDV of ₹17.72 billion. The company completed six projects in FY26 totalling 2.23 million sq ft of construction area.
Keystone also received a credit rating of “A+ with Positive Outlook” from India Ratings, in addition to its existing “A+ with Stable Outlook” from ICRA.
The stock was trading at ₹386.90 on NSE today, up 2.79 per cent on the day, though it remains 26 per cent below its 52-week high of ₹697. JM Financial, in a sector note published yesterday, had estimated Keystone’s Q4 pre-sales at ₹11 billion — the company’s actual performance came in roughly 22 per cent ahead of that estimate.
(All operational figures are provisional and subject to audit.)