Keystone Realtors Limited — Investor Meet, 12-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Keystone Realtors reported record Q1 FY26 presales of INR 1,068 Cr (up 75% YoY) and collections of INR 575 Cr (up 19% YoY). The company launched projects worth INR 3,967 Cr and added three new projects with a combined GDV of INR 7,727 Cr, exceeding its full-year business development guidance. With INR 714 Cr free cash and zero net debt, liquidity is strong, reflected in an ICRA A+ credit rating upgrade. Management is confident in profitability, focusing on large cluster redevelopment projects in new micro-markets like Sion and Lokhandwala, targeting accelerated execution. The One Shakti environmental clearance issue has been resolved, easing project launches.