Keystone Realtors has delivered a standout Q1FY26 performance, surpassing its full-year guidance for both new project additions and launches. The company recorded pre-sales of Rs 10.68 billion, reflecting a robust 75% year-on-year growth. It launched three projects with a combined GDV of Rs 40 billion—achieving 57% of its FY26 launch target in just one quarter.
On the business development front, Keystone secured three new projects with a GDV of Rs 77.27 billion, exceeding its full-year guidance for new additions. The company’s strategic focus on Mumbai’s redevelopment market continues to drive growth, supported by strong execution capabilities and a healthy balance sheet.
In recognition of its operational momentum, ICRA upgraded Keystone’s credit rating to ICRA A+ with Stable Outlook, up from ICRA A with Positive Outlook. CMD Boman Irani called Q1FY26 a “pivotal moment,” reaffirming the company’s commitment to long-term stakeholder value and sustained growth.
As Keystone celebrates its Golden Jubilee year, its performance in redevelopment and new launches positions it as a leading force in Mumbai’s evolving real estate landscape.
Commenting on the Company’s operational performance for Q1FY26, Mr. Boman Irani, CMD of Keystone Realtors Limited, said, “Q1FY26 has laid a strong foundation for the year, marking a pivotal moment for our company as we build on the solid momentum carried over from FY25. We recorded Pre-Sales of INR 10.68 billion, reflecting a robust 75% year-on-year growth. During the quarter, we launched three projects with an estimated Gross Development Value (GDV) of INR 40 billion representing nearly 57% of our full-year FY26 guidance achieved in just the first quarter. On the business development front, we secured three new projects in Q1FY26, adding a GDV of INR 77.27 billion. With this, we have already surpassed our full-year FY26 guidance for new additions. Mumbai's redevelopment opportunities continue to be a key strategic focus, and our leadership in this segment positions us well to harness the potential it offers. Our outstanding performance in both Business Development and New Launches underscores our agility in capturing market opportunities and driving 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."
