Keystone Realtors Sees 22% Growth in Pre-Sales, Records Rs 6.11 Bn in Q1FY25
Keystone Realtors records pre-sales of Rs 6.11 bn in Q1FY25, witnessing a YOY growth of 22%. The company added one project with an estimated GDV of Rs 9.84 Bn and two project buildings with a GDV of Rs 20.17 Bn.
Keystone RealtorsReal EstateMmrMumbaiQ1fy25Real Estate MaharashtraAug 06, 2024
According to the company's official release, Keystone Realtors added one project with an estimated Gross Development Value (GDV) of Rs 9.84 Bn (i.e. Rs 984 crore) and two project buildings with a GDV of Rs 20.17 Bn (i.e. Rs 2017 crore) during Q1FY25. The company's gross debt secured was at Rs 4.58 bn (i.e. Rs 458 crore) and gross debt/equity ratio was 0.18 as on Q1FY25. The Net Debt stands at Nil at the end of the quarter.
Boman Irani, Chairman and Managing Director, Keystone Realtors Limited, said, 'In this quarter, we launched two new projects with an estimated GDV of Rs 2017 crore, perfectly aligned with our guidance of launching two projects per quarter. Additionally, we added one more project with an estimated GDV of Rs 984 crore, further strengthening our already robust project portfolio across the length and breadth of MMR.'
Irani further added, 'The successful raise of Rs 800 crore equity via QIP will play a pivotal role in driving our growth strategy facilitating the acquisition of new projects and new launches, thus accelerating growth in pre-sales. With a promising pipeline of launches and our strategic foray into the plotted development in Kasara, we feel that we are at an inflection point to enter an era of high growth.'
Keystone Realtors is a Mumbai-based real-estate company with a strong presence in the Mumbai Metropolitan Region (MMR). The company has a diversified portfolio of projects, including residential and commercial developments.
Keystone Realtors Limited is a publicly traded real-estate company listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The company was founded in 1995 and has since then developed several iconic projects in MMR.
Keystone Realtors Limited is a leading real-estate company in MMR, committed to delivering high-quality projects that meet the evolving needs of its customers. With a strong track record of delivering projects on time, the company has established itself as a trusted brand in the industry.
Frequently Asked Questions
What is Keystone Realtors' pre-sales figure for Q1FY25?
Rs 6.11 bn (i.e. Rs 611 crore)
What is the year-on-year (YOY) growth in pre-sales for Keystone Realtors?
22%
What is the estimated GDV of the projects added by Keystone Realtors in Q1FY25?
Rs 9.84 Bn (i.e. Rs 984 crore) and Rs 20.17 Bn (i.e. Rs 2017 crore)
What is Keystone Realtors' gross debt secured as on Q1FY25?
Rs 4.58 bn (i.e. Rs 458 crore)
What is Keystone Realtors' Net Debt as on Q1FY25?
Nil
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