Keystone Realtors shares have gained in 10 out of last 12 sessions; Q1 update strong
Published on 07/07/2025 09:55 AM
Keystone Realtors shares have gained in 10 out of last 12 sessions; Q1 update strongLast week, the company said it was selected by eight housing societies as the developer for the large-scale cluster redevelopment project in Andheri West, Mumbai.By Sonal Bhutra July 7, 2025, 9:55:30 AM IST (Updated)2 Min ReadShares of Keystone Realtors Ltd, part of the Mumbai-based Rustomjee Group, are in focus on Monday, July 7, after the company reported a positive business update for the first quarter.
Its volume increased 159% from the previous year and 9% sequentially to 0.63 million square feet.
The company's pre-sales increased 75% from the first quarter last year, and 25% sequentially to ₹1,068 crore.
The company's collections of ₹575 crore in the June quarter were up 19% from the previous year and 23% in the previous quarter.
The company reported its best-ever June quarter pre-sales.
It launched three projects in the first quarter of the financial year 2026, having saleable area of 0.91 million square feet and gross development value (GDV) of ₹4,000 crore.
The company has achieved 57% of its launch guidance in the first quarter.
It added three projects with area of 3.25 million square feet and GDV of ₹7,725 crore.
It has also surpassed its full-year guidance on new additions in the June quarter.
Last week, the company said it was selected by eight housing societies as the developer for the large-scale cluster redevelopment project in Andheri West, Mumbai.
The project has a cumulative plot area of around 4.75 acre, encompassing the existing 548 members. The proposed redevelopment is expected to unlock a saleable area of around 10.6 lakh square feet and generate a gross development value of ₹3,000 crore, the company said.
Shares of Keystone Realtors Ltd. ended the previous session flat at ₹637 apiece. The stock has gained 16.9% in the past month.
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