Keystone Realtors Q2 Results 2026: PAT ₹101 Cr (+910% YoY)
Q2 FY27 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹497Cr
- −0.4% YoY
- +5.7% QoQ
- Net profit
- ₹101Cr
- +910% YoY
- +94.2% QoQ
- Margin
- 12%
- +9 pp YoY
- −5 pp QoQ
Guidance rank: #26 of 43 in Realty
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What the Q2 FY27 call signalled
3 of 4 strong
The short version
Keystone Realtors targets sustained growth driven by Luxury, Super Premium, Premium, and Emerging Premium segments. Keystone Realtors aims to sustain strong operational momentum with presales guidance of INR 5,000 crores for FY '27, supported by robust launch pipeline and new projects.
From Keystone Realtors Ltd's Q2 FY27 earnings-call transcript · updated 9 Nov 2026.
How did Keystone Realtors' revenue grow in the September 2026 quarter?
- Keystone Realtors targets sustained growth driven by Luxury, Super Premium, Premium, and Emerging Premium segments.
- Presales guidance for FY '27 is INR 5,000 crores, with 41% already achieved in H1 FY '27.
- Collections expected to improve significantly in H2 FY '27, targeting INR 700-800 crores OCF for the full year.
- Planned launches including Dindoshi, Om Nagar, GTB Nagar, Avinash Towers, and Dombivli to support INR 8,000 crores launch guidance in FY '27.
- Construction area of 12 million square feet under development across 19 projects; focus on accelerating execution for faster revenue recognition.
- Expansion into commercial real estate with projects like 25HQ to diversify revenue and create long-term annuity streams.
2 more points from Keystone Realtors Ltd's call on revenue
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What happened to Keystone Realtors' margins in Q2 FY27?
Keystone Realtors aims to sustain strong operational momentum with presales guidance of INR 5,000 crores…
Locked: what Keystone Realtors Ltd said on margins
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What capex is Keystone Realtors planning?
- Keystone Realtors increased land and approval investments to INR 425 crores in H1 FY ’27, reflecting a 41% YoY growth, strengthening the development pipeline for future launches.
- Total investment into new projects and approvals for FY ’27 is expected to be around INR 1,000 crores, with approximately INR 500 crores to be spent in H2 FY ’27.
- Large portion (80-90%) of investment in new projects is directed towards land acquisition and approvals.
- Planned launches and project developments include Dindoshi, Om Nagar, Dombivli phase, GTB Nagar, Avinash Tower, and multiple towers in Thane.
- Construction finance will be utilized after project launches to bridge any mismatch between project spend and collections; company is adequately capitalized without immediate need for equity capital.
2 more points from Keystone Realtors Ltd's call on capex
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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.
Is Keystone Realtors raising money or cutting debt?
Keystone Realtors currently does not need equity capital in the immediate future, though financing needs…
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How big is Keystone Realtors' order book?
- Keystone Realtors has a strong project pipeline with significant investments in land and approvals.
- Land and approval investments rose to INR 425 crores in H1 FY '27, a 41% YoY increase, strengthening future launches.
- Since FY '23, they added 27 projects totaling an estimated GDV of INR 31,079 crores, with 21 being redevelopment projects.
- As of Q2 FY '27, ongoing construction area is about 12 million sq ft across 19 projects.
- They have completed 4 RERA projects in H1 FY '27, delivering 1.39 million sq ft ahead of schedule.
- A strong launch pipeline planned across the Mumbai Metropolitan Region (MMR) aims at INR 8,000 crores launch GDV guidance for FY '27.
2 more points from Keystone Realtors Ltd's call on order book
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Keystone Realtors Ltd — Quarterly revenue & net profit
Keystone Realtors Ltd Q2 FY27 results — key figures
| ₹ Cr | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| Revenue | 497 | 499 | -0.4% | 470 | +5.7% |
| Operating profit (EBITDA) | 58 | 15 | +286.7% | 82 | -29.3% |
| Operating margin | 12% | 3% | +9 pp | 17% | -5 pp |
| Profit before tax | 110 | 17 | +547.1% | 70 | +57.1% |
| Net profit (PAT) | 101 | 10 | +910% | 52 | +94.2% |
| EPS (₹) | 7.92 | 0.68 | +1064.7% | 4.21 | +88.1% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹497 Cr, net profit ₹101 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →More Q2 FY27 results in Realty
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What Keystone Realtor's management said in earlier quarters
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- Shriram Properti (Q2 FY27)
Q2 FY27 Operating Revenues: ₹266.1 Cr, up 21% YoY (Page 12) . Key investor presentation takeaways from Shriram Properties Ltd's Q2 FY27 investor presentation —
Potential multibaggers · Q2 FY27
Potential multibaggers in Realty
on management's own guidance
- Strong growth2
- Strong growth1
- SobhaGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Keystone Realtors Ltd Q2 FY27 results?
Keystone Realtors targets sustained growth driven by Luxury, Super Premium, Premium, and Emerging Premium segments. Keystone Realtors aims to sustain strong operational momentum with presales guidance of INR 5,000 crores for FY '27, supported by robust launch pipeline and new projects.
What is Keystone Realtors Ltd share price analysis?
Keystone Realtors Ltd currently shows a below-average growth signal. The stock trades at a P/E of 21.2 with a market cap of ₹4,428 Cr. Investors should review the full earnings analysis for detailed insights.
Is Keystone Realtors Ltd planning capital expenditure?
Keystone Realtors increased land and approval investments to INR 425 crores in H1 FY ’27, reflecting a 41% YoY growth, strengthening the development pipeline for future 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.