Keystone Realtors Q2 profit jumps 10-fold to Rs 101 cr

Keystone Realtors on Wednesday reported a 10-fold jump in consolidated net profit at Rs 100.75 crore for the quarter ended September, driven by profit share from joint ventures.

Its net profit stood at Rs 9.89 crore in the year-ago period.

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Total income declined to Rs 513.09 crore in the second quarter of this fiscal from Rs 520.90 crore a year ago, according to a regulatory filing.

The net profit soared because of high share of profit from associates and joint ventures that stood at Rs 73.24 crore.

During April-September period of 2026-27 fiscal, the net profit jumped to Rs 153.12 crore from Rs 26.22 crore in the year-ago period. Total income grew to Rs 1,006.35 crore from Rs 809.54 crore.

Chairman and Managing Director Boman Irani said the company continues to progress through a pivotal phase of growth and opportunity.

"This (September) quarter marks yet another period of strong performance, reaffirming our consistent growth trajectory and disciplined execution," he said.

Irani highlighted that the company achieved the highest ever quarterly pre-sales of Rs 1,423 crore in July-September FY27, a 84 per cent year-on-year growth. The pre-sales in the first half reached a record Rs 2,041 crore.

The strong performance was driven by exceptional demand for luxury and super premium housing projects.

Incorporated in 1995, Keystone Realtors is one of the leading real estate developers in the country. It sells properties under 'Rustomjee' brand.

The company has 41 completed projects, 19 ongoing projects and 19 forthcoming projects. So far, the company has delivered over 30 million square feet of construction area, with a pipeline of over 45 million square feet of area in the works.