Keystone Realtors Limited submitted operational performance updates for Q2FY27 and H1FY27 to BSE and NSE as required under Regulation 30 of SEBI LODR Regulations.

Operational Performance Metrics (Quarterly QoQ)

  • Area Sold: 0.65 million square feet in Q2FY27 vs 0.50 million square feet in Q2FY26 (31% YoY growth) and 0.32 million square feet in Q1FY27
  • Pre-Sales Value: ₹14.23 billion in Q2FY27 vs ₹7.72 billion in Q2FY26 (84% YoY growth) and ₹6.17 billion in Q1FY27
  • Collections: ₹5.41 billion in Q2FY27 vs ₹6.69 billion in Q2FY26 (-19% YoY) and ₹5.99 billion in Q1FY27

Operational Performance Metrics (Year-to-Date YTD)

  • Area Sold: 0.97 million square feet in H1FY27 vs 1.13 million square feet in H1FY26 (-14% YoY) and 2.12 million square feet in full FY26
  • Pre-Sales Value: ₹20.41 billion in H1FY27 vs ₹18.39 billion in H1FY26 (11% YoY growth) and ₹40.22 billion in full FY26
  • Collections: ₹11.41 billion in H1FY27 vs ₹12.45 billion in H1FY26 (-8% YoY) and ₹26.22 billion in full FY26

Key Operational Highlights

Pre-Sales Performance:

  • Achieved highest ever quarterly pre-sales of ₹14.23 billion in Q2FY27
  • H1FY27 pre-sales reached ₹20.41 billion, an all-time high for first half performance
  • Achieved 41% of full-year FY27 pre-sales guidance in first half of financial year
  • Performance driven by strong momentum from Luxury and Super Premium projects

New Launches:

  • Launched residential project "Rustomjee Ozone Skye" at Malad West in Q2FY27
  • Commenced construction of commercial project "25HQ" at Prabhadevi in Q2FY27
  • Combined saleable area of 0.54 million square feet added to ongoing projects
  • Estimated Gross Development Value (GDV) of ₹21.96 billion from these new launches

Business Development:

  • Added 2 new projects in H1FY27 with total saleable area of 1.41 million square feet
  • Estimated GDV of ₹5.47 billion from new projects
  • Projects include "Utkarsh CHSL" at Dindoshi Nagar Cluster, Goregaon East and "Plotted Development" at Igatpuri
  • Focus on cluster redevelopment as scale multiplier and plotted development as velocity multiplier

Project Completions:

  • Completed 3 RERA projects in Q2FY27: "Rustomjee La Familia – A", "Rustomjee La Familia – B", and "Rustomjee La Familia – C" at Urbania, Thane
  • Total construction area completed: 1.32 million square feet in Q2FY27
  • Total H1FY27 completions: 4 RERA projects with 1.39 million square feet construction area
  • Projects completed 6 to 12 months ahead of RERA timeline

Credit Rating:

  • Company maintains dual "AA- (with Stable Outlook)" ratings from CRISIL and ICRA

Strategic Initiatives

Construction Technology:

  • Signed contract with Robin Village Development (RVD), a subsidiary of Tiong Seng from Singapore
  • Partnership to set up in-house pre-cast plant
  • RVD will serve as both manufacturing and installation contractor
  • Initiative aims to enable faster, cleaner, environmentally friendly, and consistently high-quality construction

Fund Management Expansion:

  • Mt K Kapital (company's fund management business) announced second fund of USD 450 million
  • Joint venture with Japanese partner Marubeni Corporation

Management Commentary

Mr. Boman Irani, CMD of Keystone Realtors Limited, commented on the operational performance:

  • Company progressing through pivotal phase of growth and opportunity
  • Strong performance reaffirms consistent growth trajectory and disciplined execution
  • Confident in achieving FY27 pre-sales guidance with strong pipeline of launches for rest of FY27
  • Redevelopment in Mumbai remains core strategic focus with immense potential for sustained value creation
  • Company positioned as preferred redevelopment player in MMR region
  • Strong balance sheet supports continued delivery of long-term value to stakeholders

Additional Information

  • All numbers are provisional and subject to audit
  • Disclosure made under Regulation 30 of SEBI LODR Regulations, 2015
  • Signed by Bimal K Nanda, Company Secretary and Compliance Officer