Keystone Realtors Reports 45% Decline in Net Profit Despite Higher Sales
Realty, Real Estate, Property buyers in Mumbai demand larger flats, Keystone Realtors Q1 results
Real EstateMumbaiPropertyConstructionKeystone RealtorsReal Estate MumbaiAug 05, 2024
Despite the decline in net profit, Keystone Realtors saw a significant increase in its total income, which rose to Rs 437.20 crore during the April-June quarter from Rs 282.82 crore in the year-ago period. The company's total expenses, including construction spend, surged to Rs 398.16 crore from Rs 216.54 crore during the period under review.
According to Boman Irani, Chairman and Managing Director of Keystone Realtors, the company's performance in the first quarter of 2024-25 was impressive, with pre-sales of Rs 611 crore reflecting a robust 22% year-on-year growth.
Frequently Asked Questions
What is the net profit of Keystone Realtors for the first quarter of 2024-25?
Rs 25.82 crore
What is the total income of Keystone Realtors for the first quarter of 2024-25?
Rs 437.20 crore
What is the estimated gross development value (GDV) of the two new projects launched by Keystone Realtors in the June quarter?
Rs 2,017 crore
What is the pipeline of construction area that Keystone Realtors has in the works?
43+ million square feet
What is the name of the luxury residential brand developed by Keystone Realtors?
Rustomjee
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