Keystone Realtors Limited — PPTs, 11-02-2025: Investor Presentation

**Financial Highlights:** Keystone Realtors Limited reported a pre-sales value of ₹8.63 Bn for Q3FY25, achieving a strong 40% year-on-year growth. The company’s collections for the same quarter reached ₹5.42 Bn, marking a 20% increase from ₹4.52 Bn in Q3FY24. For the nine-month period ended December 31, 2024, pre-sales surged to ₹21.74 Bn, up 53% year-on-year. Revenue from operations for Q3FY25 stood at ₹4.64 Bn, with an EBITDA margin of 12.9%, showcasing resilient operational performance.

**Strategic Initiatives and Growth Drivers:** Keystone continues to build on an asset-light business model while focusing on mid/mass and aspirational housing projects to capitalize on market demand. The strategic emphasis on ongoing and forthcoming projects in high-growth micro-markets positions the company favorably for future growth.

**Business Developments:** The company successfully launched two projects in Q3FY25 and added a total of six projects in the nine-month period, amounting to an estimated Gross Development Value of ₹32.97 Bn.

**Market Position and Competitive Advantage:** Keystone Realtors maintains a robust market presence, delivering over 25 million sq. ft. of construction and possessing a pipeline of 44 million sq. ft. The company has established itself as a leading developer in the Mumbai Metropolitan Region, especially in the redevelopment space.

**Investor Implications:** With its strong performance metrics and strategic project expansions, Keystone Realtors is positioned for growth. Investors should closely watch the company’s operational developments and pipeline projects, as these factors are likely to influence future valuations significantly.