Keystone Realtor
Keystone Realtor Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 3 strong
The short version
Keystone Realtors plans a strong launch pipeline across Mumbai Metropolitan Region (MMR) in coming quarters, aimed at enhancing market position and driving sustainable growth. Revenue and EBITDA expected to grow with continued strong launches and collections; Q1 FY27 showed 72% YoY revenue growth and 259% YoY EBITDA growth.
From Keystone Realtor's Q1 FY27 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- Keystone Realtors plans a strong launch pipeline across Mumbai Metropolitan Region (MMR) in coming quarters, aimed at enhancing market position and driving sustainable growth.
- The company targets INR 1,000 crores sales guidance, with a clear focus on premium, super-premium, and emerging premium housing segments.
- Plotted developments at Igatpuri expected to generate INR 500-750 crores in annual presales with margins exceeding INR 150-200 crores year-on-year.
- Cluster redevelopment projects and larger layouts favored for competitive advantage and higher margin profiles, supported by Maharashtra government benefits.
- Revenue recognition is shifting predominantly to percentage of completion method, aiming for 85-98% revenue from current projects by next year, favorably impacting margins.
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Profitability & Margins
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Capital Expenditure Plans
- Land and approval investment increased to INR 232 crores in Q1 FY27, a 54% YoY growth, indicating more launches.
- Added 2 new projects in Q1 FY27 with estimated GDV of INR 547 crores, including an addition to an existing cluster development in Dindoshi, enlarging that project.
- Entry into Igatpuri micro market through plotted development of ~62 acres to expand presence in lifestyle real estate segment.
- Construction spends rose 26% YoY to INR 299 crores in Q1 FY27, reflecting accelerated construction pace and delivery focus.
- New work initiated on commercial project 28 HQ in Prabhadevi (Bhoomi Poojan done).
- Residential project Rustomjee Ozone Skye in Goregaon West received RERA approval and is ready for launch.
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Top-ranked in Realty
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The company has ongoing construction of about 12 million square feet across 17 projects (Page 4).
- Added two new projects in Q1 FY27 with combined GDV of approximately INR 547 crores (Page 4).
- Launch pipeline targets INR 10,000 crores in presales by FY30 (Page 12).
- Plotted developments expected to contribute INR 500-750 crores annually in presales with margins of INR 150-200 crores per year (Page 12).
- Major upcoming launches include cluster developments at GTB Nagar and Malad, expected within FY27 (Page 9).
- Approximately INR 63 billion of unrecognized revenue from sold but yet to be recognized projects, to be recognized progressively over 2-3 years (Pages 9-13).
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Keystone Realtor — Quarterly revenue & net profit
Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.6K Cr, net profit ₹64 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Keystone Realtors Ltd's management said in earlier quarters
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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Q1 FY27 Operational Revenue: ₹13,357.95 lakhs, up 127.57% from ₹5,869.94 lakhs in Q1 FY26. Key concall takeaways from Shraddha Prime Projects Ltd's Q1 FY27…
- TARC Ltd (Q1 FY27)
Q1 FY2027 Revenue: ₹218.7 crore (up from ₹75.89 crore in Q1 FY2026), showing strong year-on-year growth. Key concall takeaways from TARC Ltd's Q1 FY27 earnings…
- Kolte Patil Dev. (Q1 FY27)
937 crore, up from Rs. Key concall takeaways from Kolte Patil Developers Ltd's Q1 FY27 earnings call — and how it ranks against sector peers.
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Frequently Asked Questions
What were Keystone Realtor Q1 FY27 results?
Keystone Realtors plans a strong launch pipeline across Mumbai Metropolitan Region (MMR) in coming quarters, aimed at enhancing market position and driving sustainable growth. Revenue and EBITDA expected to grow with continued strong launches and collections; Q1 FY27 showed 72% YoY revenue growth and 259% YoY EBITDA growth.
What is Keystone Realtor share price analysis?
Keystone Realtor currently shows a below-average growth signal. The stock trades at a P/E of 38.0 with a market cap of ₹4,466 Cr. Investors should review the full earnings analysis for detailed insights.
Is Keystone Realtor planning capital expenditure?
Land and approval investment increased to INR 232 crores in Q1 FY27, a 54% YoY growth, indicating more launches.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.