Keystone Realtors Q1FY26 Pre-Sales Soar 75% YoY

Keystone Realtors Limited has posted an exceptional Q1FY26 performance, outperforming its full-year targets for both new project launches and business development within just one quarter.

The company reported pre-sales of Rs. 10.68 billion, marking a 75 percent year-on-year growth, and launched three projects with a Gross Development Value (GDV) of Rs. 40 billion—achieving 57 percent of its FY26 launch guidance. On the business development front, Keystone added three new projects with a GDV of Rs. 77.27 billion, surpassing its entire full-year goal for new project acquisitions.

Key Highlights

• Keystone Realtors recorded Rs. 10.68B in Q1FY26 pre-sales, up 75 percent YoY.
• Launched 3 new projects worth Rs. 40B GDV, achieving 57 percent of FY26 launch target.
• Surpassed full-year guidance with Rs. 77.27B in new project additions.

This achievement highlights the company’s strategic focus on Mumbai’s redevelopment market, where its robust execution capabilities and financial strength provide a strong competitive edge.

Reflecting this momentum, ICRA upgraded Keystone’s credit rating to ICRA A+ with a Stable Outlook, up from A with Positive Outlook.

Also Read: Keystone Realtors Chosen by 8 Societies for Andheri West Cluster Redevelopment with GDV of Rs. 3000 Cr

Commenting on the Company’s operational performance for Q1FY26, Mr. Boman Irani, CMD of Keystone Realtors Limited, said, “Q1FY26 has laid a strong foundation for the year, marking a pivotal moment for our company as we build on the solid momentum carried over from FY25. We recorded Pre-Sales of INR 10.68 billion, reflecting a robust 75% year-on-year growth. During the quarter, we launched three projects with an estimated Gross Development Value (GDV) of INR 40 billion representing nearly 57% of our full-year FY26 guidance achieved in just the first quarter. On the business development front, we secured three new projects in Q1FY26, adding a GDV of INR 77.27 billion. With this, we have already surpassed our full-year FY26 guidance for new additions. Mumbai's redevelopment opportunities continue to be a key strategic focus, and our leadership in this segment positions us well to harness the potential it offers. Our outstanding performance in both Business Development and New Launches underscores our agility in capturing market opportunities and driving sustained growth. Backed by a strong balance sheet, we are well capitalized and equipped to continue delivering long-term value to all stakeholders. We remain confident in our ability to maintain a strong growth trajectory in both acquisitions and project launches throughout the remainder of the year. We are confidently poised to deliver substantial value to all stakeholders as we navigate through this year."