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Rustomjee Group has reported a strong operational performance for Q2FY26, achieving pre-sales of Rs7.63 billion, up 9% year-on-year from Rs7.00 billion in Q2FY25. For H1FY26, pre-sales stood at Rs18.31 billion, marking a 40% YoY growth and fulfilling 46% of the full-year FY26 guidance.
Collections for Q2FY26 reached Rs6.01 billion, up 9% YoY, while H1FY26 collections totaled Rs11.77 billion, reflecting a 13% increase from Rs10.37 billion in H1FY25.
The company launched one project in Q2FY26—“Thirty3.15” at Bandra West—with a saleable area of 0.21 million sq. ft. and an estimated GDV of Rs9.49 billion. This brings the total to four launches in H1FY26, with a combined GDV of Rs49.16 billion, achieving 70% of the full-year launch guidance.
In terms of business development, Rustomjee added three redevelopment projects in H1FY26: “GTB Nagar” at Sion, “Lokhandwala Cluster” at Andheri West, and “Swarganga CHSL” at Dindoshi Nagar Cluster, Goregaon East. These additions contribute 3.25 million sq. ft. of saleable area and an estimated GDV of Rs77.27 billion, surpassing the full-year FY26 business development guidance.
Commenting on the Company’s operational performance for Q2FY26, Mr. Boman Irani, CMD of Keystone Realtors Limited, said: “As we successfully close the second quarter of FY26, I am delighted to share that our company continues to progress through a pivotal phase of growth and opportunity. This quarter marks yet another period of strong performance, reaffirming our consistent growth trajectory and disciplined execution. Building on the solid momentum carried forward from FY25, we achieved Pre-Sales of INR 7.63 billion in Q2FY26, reflecting a 9% year-on-year growth and thereby achieving INR 18.31 billion—about 46% of our full-year FY26 Pre-Sales guidance within the first half.
During the quarter, we launched one project with an estimated GDV of INR 9.49 billion in Q2FY26, taking the total to four projects in H1FY26 with a combined estimated GDV of INR 49.16 billion—thereby achieving about 70% of our full-year FY26 launches guidance within the first half.
As we move into the festive season, our robust pipeline positions us well to capitalize on upcoming demand, and I am confident in our ability to not only acquire new projects but also execute them efficiently. Redevelopment in Mumbai continues to remain a core strategic focus, offering immense potential for sustained value creation.
As one of the most preferred redevelopment players in the MMR region, we are uniquely positioned to capture these opportunities and strengthen our leadership in this segment. Our strong performance in both Business Development and New Launches highlights our agility and commitment to driving long-term sustained growth.
Backed by a strong balance sheet, we are well capitalized and equipped to continue delivering long-term value to all stakeholders. We remain confident in our ability to maintain a strong growth trajectory in both acquisitions and project launches throughout the remainder of the year. We are confidently poised to deliver substantial value to all stakeholders as we navigate through this year.”
