Keystone Realtors shares declines 8% after Q3 net profit halves to Rs 15 crore

The revenue from operations of the parent entity of Rustomjee fell nearly 11 percent year-on-year to Rs 464 crore.

Debaroti Adhikary

February 11, 2025 / 16:21 IST

Real estate

26 Aug, 2025 12:21

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The shares of Keystone Realtors crashed over 8 percent to hit a new 52-week-low record of Rs 532.60 apiece on February 11 after the company reported a net profit of Rs 15.07 crore for the third quarter of the current financial year. This marks a sharp fall of over 50 percent from the Rs 30.22 crore net profit reported in Q3 of previous financial year.

The revenue from operations of Rustomjee's parent entity fell nearly 11 percent year-on-year to Rs 464 crore. It had earlier reported revenue from operations at Rs 520.69 crore in the corresponding quarter of FY24.

The company's EBITDA, however, jumped multifold to Rs 62.9 crore. Its EBITDA margin also improved to 12.9 percent.

Also read: Our LIVE blog on Q3 results

"As we successfully close out the third quarter of FY25, we are right in line with the guidance we provided, and I'm excited to report that our Pre-Sales for Q3FY25 have reached Rs 863 Crores, reflecting a 40 percent YoY growth…In Q3FY25, we also added two new projects, contributing an additional GDV of Rs 980 crores, further reinforcing our growth trajectory. The demand for our products remains robust, and we’re excited about the strong pipeline of upcoming launches for the remainder of FY25. Our asset-light model, with a focus on redevelopment opportunities, particularly in Mumbai, continues to be a key driver of growth," said Boman Irani, Chairman and Managing Director, Keystone Realtors Limited.