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Rustomjee Group’s Q3FY25 operational key data points include - Pre-Sales of INR 8.63 bn in Q3FY25 as compared to INR 6.16 bn in Q3FY24, showing a quarterly growth of 40% YoY basis. Pre-Sales for YTD FY25 is INR 21.74 bn as compared to INR 14.23 bn, showing a growth of 53% YTD basis.
Collections at INR 5.42 bn in Q3FY25 as compared to INR 4.52 bn in Q3FY24, showing a quarterly growth of 20% YoY basis. Collection for YTD FY25 stood at INR 15.79 bn as compared to INR 15.33 bn YTD FY24.
Company added 2 Projects in Q3FY25 with a GDV of INR 9.8 bn. These strategic additions align with its goal to maintain and strengthen leadership in the redevelopment space. With this, it has added a total of 6 projects in YTD FY25. During Q3FY25, company has completed 1 RERA project (“Wing H” at Global City Virar) with total construction area of 0.08 mn sqft.
Commenting on the Company’s operational performance for Q3FY25, Boman Irani, CMD of Keystone Realtors Limited, said, “As we successfully close the third quarter of FY25, I am excited to share that we are at a crucial juncture in our company’s journey. In Q3FY25, we saw impressive growth across key business indicators. Pre-sales achieved in Q3FY25 is INR 8.63 billion, reflecting a 40% YoY increase compared to INR 6.16 billion in Q3FY24. Pre-sales for YTD FY25 stand at INR 21.74 billion, representing a 53% increase over the same period last year. With this, we have almost achieved the Pre-sales of FY24 in just 3 quarters of FY25, putting us in a strong position to achieve the full year Pre-sales guidance given by us. Our collections also grew, reaching INR 5.42 billion in Q3FY25, a 20% quarterly rise YoY basis. YTD collections for FY25 are now INR 15.79 billion. On the business development front, we successfully added 2 projects in Q3FY25, with a GDV of INR 9.8 billion. This brings the total additions for YTD FY25 to 6 projects with a GDV of INR 32.97 billion, achieving approximately 82% of our FY25 guidance. I am confident that we are well-positioned to not only secure new projects but also execute them efficiently. The redevelopment opportunities in Mumbai are significant, and as the leading player in this space, we are strategically poised to leverage the current momentum. With a strong balance sheet, we are fully capitalized and prepared to seize these opportunities. Together, we are embarking on an exciting path towards significant growth and value creation for all our stakeholders. Let’s seize the opportunities ahead and continue our upward trajectory.”
