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Keystone Realtors (Rustomjee Group) released its Q1FY25 Results. The company has reported a pre-sale of Rs 611 Cr, Collections Rs 485 Cr and Operating Cash Flows Rs 108 Cr.
Operational Highlights for Q1 FY25 - Pre-Sales INR 6.11 bn (i.e. INR 611 Crs); Collections INR 4.85 bn (i.e. INR 485 Crs); Operating Cash Flows INR 1.08 bn (i.e. INR 108 Crs)
Financial Highlights - Consolidated for Q1 FY25- Revenue INR 4.22 bn (i.e. INR 422 Crs); EBITDA INR 0.58 bn (i.e. INR 58 Crs); PAT INR 0.26 bn (i.e. INR 26 Crs)
During Q1 FY25, The company added 1 project with an estimated GDV of INR 9.84 Bn (i.e.INR 984 Crs) and launched 2 Projects buildings with a GDV of INR 20.17 Bn (i.e.INR 2017 Crs).
Commenting on the company’s performance, Boman Irani, Chairman and Managing Director, Keystone Realtors Limited, said “In FY24, the company has demonstrated remarkable progress in terms of Pre-Sales, collections, new project additions and new launches. We are thankful to all our stakeholders for their continued support and trust in us. After a robust Performance in FY24, Rustomjee Group continued its impressive performance in Q1FY25, recording Pre-Sales of INR 611 crores, reflecting a robust 22% year-on-year growth. This growth is a testament to our strategic vision and the unwavering trust of our customers. In this quarter, we launched two new projects with an estimated GDV of INR 2017 crores, perfectly aligned with our guidance of launching two projects per quarter. Additionally, we added one more project with an estimated GDV of INR 984 crores, further strengthening our already robust project portfolio across the length and breadth of MMR. The successful raise of Rs. 800 crores equity via QIP will play pivotal role in driving our growth strategy facilitating the acquisition of new projects and New Launches, thus accelerating growth in pre-sales”
