This Mumbai-based realty stock is in focus after it jumped 5.15 percent following its announcement of Business Updates for Q4FY25, beating its own guidance in the business development and the pre-sales segment.
Share Price Movement
With a market capitalization of Rs. 6,700 Crore, the stock of Keystone Realtors opened at Rs. 525, up 1.64 percent from yesterday’s close, and after opening, it made a high of 543.15, up 5.15 percent.
Business Updates
For the Business Development and the Pre-Sales segment, the company has surpassed its annual guidance for FY25. The Pre-Sales for FY25 Stood at Rs. 3,028 Crore when compared to Rs. 2,266 Crore for FY24. The Business development segment company added 3 projects in Q4FY25 with an estimated Gross development Value of Rs. 1,487 Crore. In total, for FY25, the company has added 9 projects with an estimated GDV of Rs. 4,783 Crore.
Collections saw a growth of 6 percent YoY from Rs. 2,326 Crore in FY25 compared to Rs. 2,203 Crore in FY24. In FY25, the company launched 7 projects with an estimated GDV of Rs. 5,019 Crore and launched 2 projects in Q4FY25 with an estimated GDV of Rs. 962 Crore.
Also read: BPCL and other oil stocks to benefit as Govt increases LPG and Fuel prices to support OMCs
Financial Highlights
The company reported a 10.94 percent YoY decrease in revenue from Rs. 521 Crore in Q3FY24 to Rs. 464 Crore in Q3FY25. On a QoQ basis, the company reported a decrease of 12.94 percent in revenue from Rs. 533 Crore in the previous quarter. Their Net profit remained unchanged YoY from Rs. 30 Crore to Rs. 30 Crore for the same period. On a QoQ basis, the company reported a decrease of 54.54 percent in Net profit from Rs. 66 Crore in the previous quarter.
About The Company
Keystone Realtors Limited, operating under the brand name Rustomjee, is a prominent real estate developer based in Mumbai, India. Established in 1995, the company has significantly influenced the real estate landscape of the Mumbai Metropolitan Region (MMR).
Written By Abhishek Das
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
