Keystone Realtors Share Price in Focus; Reports 84% Rise in Pre-Sales in Q2 FY27

Keystone Realtors Limited reported pre-sales of ₹1,423 crore in the second quarter of FY27, compared with ₹772 crore in the corresponding quarter last year, marking an increase of 84%. 

The company's net profit also increased to ₹101 crore from ₹10 crore in Q2 FY26, according to its results announced on November 4, 2026. 

Revenue and Profit Figures 

Revenue from operations stood at ₹497 crore in Q2 FY27, while total income was ₹513 crore. EBITDA increased to ₹74 crore from ₹37 crore in the same quarter last year. The EBITDA margin was 14.5%, compared with 7.1% in Q2 FY26. 

For the first half of FY27, revenue from operations increased 25% year-on-year to ₹967 crore. EBITDA stood at ₹179 crore, against the corresponding first-half figure reported in the previous financial year. 

Pre-Sales and Collections 

The company sold 0.65 million square feet during the quarter, against 0.50 million square feet in Q2 FY26. Collections, however, declined to ₹541 crore from ₹669 crore in the year-ago period. Operating cash flow stood at ₹125 crore. 

For H1 FY27, pre-sales reached ₹2,041 crore, an 11% increase from ₹1,839 crore in H1 FY26. Collections were ₹1,141 crore, compared with ₹1,245 crore in the previous year. Operating cash flow for the six-month period stood at ₹193 crore. 

Project Launches and Completions 

Keystone Realtors commenced two projects during Q2 FY27 with a combined gross development value (GDV) of ₹2,242 crore. These included the commercial project 25HQ at Prabhadevi and Rustomjee Ozone Skye at Malad West. 

The company also launched one tower at Urbania in Q3 FY27, with an estimated GDV of ₹886 crore. During Q2, it completed three RERA-registered projects covering 1.32 million square feet.  

Four projects covering 1.39 million square feet were completed in H1 FY27, between nine and 15 months before their respective RERA deadlines. 

Debt and Project Portfolio 

As of September 30, 2026, gross debt stood at ₹838 crore. The gross debt-to-equity ratio was 0.28:1, while the net debt-to-equity ratio was 0.04:1. CRISIL and ICRA maintained the company's AA- ratings with a stable outlook. 

Keystone Realtors had 41 completed, 19 ongoing and 19 forthcoming projects across the Mumbai Metropolitan Region. 

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Keystone Realtors Share Price Performance  

As of November 4, 2026, 3:30 pm, Keystone Realtors share price closed at ₹359.90, a 0.43% increase from the previous closing price. 

Conclusion 

 The company's net profit increased to ₹101 crore in Q2 FY27, while pre-sales rose 84% year-on-year. Collections during the quarter, however, declined to ₹541 crore. 

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