Keystone Realtor
Keystone Realtor Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Keystone Realtors targets INR 10,000 crores in presales by FY 2030, aiming a 26% annual CAGR from FY 2027 onwards. Keystone Realtors has shown strong presales CAGR of 36% over 3 years, reaching INR4,022 crores in FY '26.
From Keystone Realtor's Q4 FY26 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- Keystone Realtors targets INR 10,000 crores in presales by FY 2030, aiming a 26% annual CAGR from FY 2027 onwards.
- FY 2027 presales guidance is INR 5,000 crores, a 25% growth over FY 2026.
- From FY 2028 onwards, revenue recognition will increasingly adopt the percentage of completion method, reaching 100% by FY 2028, potentially accelerating revenue.
- Project launches for FY 2027 are targeted at INR 8,000 crores with acquisitions over INR 8,000 crores.
- The company expects steady operational cash flow growth, with OCF targeting over INR 1,000 crores for FY 2027 (up from INR 700 crores in FY 2026).
2 more points management made on revenue & sales performance
Profitability & Margins
See what Keystone Realtor said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Keystone Realtors is making significant capital investments in ongoing and forthcoming projects, including large cluster redevelopments and township developments across multiple locations.
- FY '26 construction spend accelerated to nearly INR1,000 crores (up from INR829 crores in FY '25), reflecting commitment to delivery velocity.
- Acquisitions planned at roughly INR8,000+ crores for the year, supporting project pipeline expansion.
- Capital allocation is disciplined, with equity investment in large projects targeted not to exceed 10-11% of project GDV.
- Commercial annuity portfolio development is strategic, targeting INR100 crores lease income by 2030 while avoiding balance sheet pressure and limiting debt.
2 more points management made on capital expenditure plans
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
See what Keystone Realtor said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The company has a robust pipeline with ongoing and forthcoming projects.
- Ongoing pipeline unsold value: approximately INR 835 crores.
- Forthcoming pipeline GDV: about INR 6,500 crores (may launch half of this over next 4 years).
- Total estimated commercial pipeline in ongoing + forthcoming projects around INR 7,500 crores.
- Out of that, about INR 4,000 crores expected to be launched in the next 4 years.
- Legacy projects are nearing completion: by FY '27, only 12% of revenue expected from legacy projects, 88% from current projects.
- New launches contribute significantly to sales: FY '26 sales INR 4,022 crores, with INR 1,620 crores from new launches.
2 more points management made on order book & pipeline
Keystone Realtor — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.6K Cr, net profit ₹64 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Keystone Realtor's management said in earlier quarters
- Q2 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 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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Frequently Asked Questions
What were Keystone Realtor Q4 FY26 results?
Keystone Realtors targets INR 10,000 crores in presales by FY 2030, aiming a 26% annual CAGR from FY 2027 onwards. Keystone Realtors has shown strong presales CAGR of 36% over 3 years, reaching INR4,022 crores in FY '26.
What is Keystone Realtor share price analysis?
Keystone Realtor currently shows a neutral. 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?
Keystone Realtors is making significant capital investments in ongoing and forthcoming projects, including large cluster redevelopments and township developments across multiple locations.
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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.