Keystone Realtors Struggles with Profit Slump in Q3 2024
Keystone Realtors, a key player in the real estate sector, reports a significant dip in its net profit and total income for the quarter ending December 31, 2024. The company is facing tough market conditions but remains committed to expanding its project
Keystone RealtorsReal EstateProfit DeclineMumbai Metropolitan RegionFinancial PerformanceReal Estate NewsFeb 11, 2025
The net profit fell to Rs 15.07 crore, a stark drop from Rs 30.22 crore reported in the same period last year.
The company’s total income also experienced a downturn, falling to Rs 485.82 crore in the third quarter of this fiscal year, compared to Rs 533.33 crore in the corresponding period of the preceding year, as stated in their regulatory filing.
Established in 1995, Keystone Realtors has emerged as a prominent real estate developer with a notable project portfolio across the Mumbai Metropolitan Region.
The company is known for its commitment to delivering projects across diverse price points, catering to a wide range of customer needs.
Despite the current challenges, Keystone Realtors continues to focus on expanding its project portfolio.
This strategic move is aimed at diversifying its revenue streams and strengthening its market position.
The company has several upcoming projects in various stages of development, which are expected to boost its financial performance in the coming quarters.
In response to the profit decline, the management of Keystone Realtors remains optimistic and is implementing various measures to improve financial health.
These include cost optimization, enhanced marketing strategies, and a focus on high-growth segments of the real estate market.
The real estate sector has been facing several challenges, including regulatory changes, economic uncertainties, and increased competition.
However, Keystone Realtors is well-positioned to navigate these challenges due to its strong brand reputation, experienced management team, and robust project pipeline.
As the market conditions improve, Keystone Realtors is confident that its efforts will translate into better financial results.
The company is committed to transparency and maintaining strong relationships with its stakeholders, including investors, customers, and employees.
Keystone Realtors Ltd is a leading real estate developer based in the Mumbai Metropolitan Region.
Founded in 1995, the company has a diverse project portfolio and is known for its commitment to delivering high-quality housing solutions across various price points.
Frequently Asked Questions
What is Keystone Realtors' net profit for Q3 2024?
Keystone Realtors' net profit for the quarter ending December 31, 2024, was Rs 15.07 crore.
How much did Keystone Realtors' total income decrease in Q3 2024 compared to the same period last year?
Keystone Realtors' total income decreased from Rs 533.33 crore in the same period last year to Rs 485.82 crore in Q3 2024.
What is Keystone Realtors' strategy to improve its financial performance?
Keystone Realtors is focusing on cost optimization, enhanced marketing strategies, and a focus on high-growth segments of the real estate market to improve its financial performance.
When was Keystone Realtors founded?
Keystone Realtors was founded in 1995.
What regions does Keystone Realtors primarily operate in?
Keystone Realtors primarily operates in the Mumbai Metropolitan Region.
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