Keystone Realtors

** Shares of real estate developer Keystone Realtors KEYS.NS down 0.5% at 422.05 rupees, paring back from 4.3% drop earlier

** Co says Q1 pre-sales fall 42% YoY to 6.17 billion rupees, while collections rise 4% YoY to 5.99 billion rupees

** Co has a robust pipeline over coming quarters to support its objective of achieving pre-sales guidance of 50 billion rupees for FY27 - ICICI Direct Research

** New business developments in Q1 reinforces its leadership in Mumbai's redevelopment segment and more particularly in the Cluster redevelopment segment while also expanding its presence in the plotted development space, the brokerage says

** YTD, stock down 19.9%

(Reporting by Mridula Kumar in Bengaluru)

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Keystone Realtors posted pre-sales of ₹617 crore for the quarter ended June 2026, a 42% decline from the same period last year, as the company did not launch any new projects during the quarter. Collections inched up 4% to ₹599 crore, supported by sustained cash flows from previously sold units. The developer added two projects in the quarter—a cluster redevelopment at Dindoshi Nagar in Goregaon East and a plotted development at Igatpuri—with an estimated gross development value of ₹713 crore and a saleable area of 1.98 million square feet. Chairman Boman Irani said the company has a robust pipeline of launches planned in the Mumbai Metropolitan Region over the coming quarters and remains well capitalised to achieve its FY27 pre-sales guidance. The company also noted that ICRA had upgraded its long-term rating to AA- from A+, an action that was separately disclosed last month.

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July 10 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• Q1 COLLECTION UP 4% Y/Y

• Q1 PRE-SALES DOWN 42% Y/Y

Source text: ID:nNSE2HFnw0

Further company coverage: KEYS.NS

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May 12 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• KEYSTONE REALTORS LTD MARCH-QUARTER CONSOL NET PROFIT 524.2 MILLION RUPEES

• KEYSTONE REALTORS LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 15.96 BILLION RUPEES

Source text: [ID:]

Further company coverage: KEYS.NS

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April 6 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• Q4FY26 PRE-SALES AT 13.46 RUPEES BILLION, UP 58% YOY

• Q4FY26 COLLECTIONS AT 8.53 RUPEES BILLION, UP 14% YOY

Source text: ID:nBSE7J59FK

Further company coverage: KEYS.NS

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March 6 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• RUSTOMJEE SIGNS DEVELOPMENT AGREEMENT FOR GTB NAGAR WITH MHADA, GDV 45.21 BILLION RUPEES

Source text: ID:nBSEbCsnwz

Further company coverage: KEYS.NS

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Feb 16 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• KEYSTONE REALTORS LTD - SELECTED FOR SOCIETY REDEVELOPMENT PROJECT

• KEYSTONE REALTORS LTD - PROJECT GDV 17.75 BILLION RUPEES

Source text: ID:nBSE6Zydgk

Further company coverage: KEYS.NS

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Feb 5 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• KEYSTONE REALTORS DEC-QUARTER CONSOL NET PROFIT 33.8 MILLION RUPEES

• KEYSTONE REALTORS LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.66 BILLION RUPEES

Source text: ID:nBSEDMgN6

Further company coverage: KEYS.NS

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Feb 4 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• KEYSTONE REALTORS LTD DEC-QUARTER CONSOL NET PROFIT 33.8 MILLION RUPEES

• KEYSTONE REALTORS LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.66 BILLION RUPEES

Further company coverage: KEYS.NS

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** Shares of Keystone Realtors KEYS.NS fall nearly 6% to 576 rupees, biggest drop in two months since Aug 5

** Three promoters of co to sell up to 3.65% stake via offer for sale

** Floor price for offer for sale to be at 550 rupees per share, co says

** Offer for sale price at a discount of 10% from Tuesday's close

** Boman Rustom Irani, Percy Sorabji Chowdhry and Chandresh Dinesh Mehta among promoters selling stake, which together have a 76% stake in co as on June 30

** YTD, KEYS down 14%

(Reporting by Komal Salecha)

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Sept 10 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• APPROVES NON-CONVERTIBLE DEBENTURES ISSUANCE UP TO 3.75 BILLION RUPEES

Source text: ID:nBSE7Xcr10

Further company coverage: KEYS.NS

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** Shares of Keystone Realtors KEYS.NS fall 4% to 599 rupees

** Stock marks steepest intraday pct loss since April 2

** Real estate developer posts a nearly 44% Y/Y decline in June-qtr consol net profit; consol rev from ops drops 35.3% Y/Y

** Stock down 11% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

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July 2 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• KEYSTONE REALTORS - SELECTED BY 8 HOUSING SOCIETIES AS DEVELOPER IN MUMBAI

• KEYSTONE REALTORS LTD- PROJECT WITH GDV OF 30 BILLION RUPEES

Source text: ID:nBSE48D8Jj

Further company coverage: KEYS.NS

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** Shares of Keystone Realtors KEYS.NS rise 7% to 655.5 rupees, their biggest intraday pct. gain since Aug. 2023

** Real-estate developer gets contract for redeveloping GTB Nagar in Mumbai, a major urban renewal project, in partnership with Maharashtra Housing and Area Development Authority

** Project has estimated gross development value of 45.21 billion rupees ($528.20 million)

** More than 130,000 shares traded, nearly 3x the 30-day average

** Session's gain trims YTD losses to 2.8%

($1 = 85.5925 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of Keystone Realtors KEYS.NS up 3% to 528 rupees

** The real estate developer's Q4 collection rises 11% y/y to 7.46 billion rupees ($86.8 million)

** Stock set to rise most in a session since February 21 amid a broader market rebound

** Shares were trading flat before the news, and rose as much as 5.1% after the Q4 update

** Stock had dropped 2.5% in the last session tracking broader market sell-off triggered by U.S. tariffs

** KEYS trims YTD losses to ~22%

($1 = 85.9375 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436))

Feb 19 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• KEYSTONE REALTORS LTD - UNIT ACQUIRES 13,473 SQM LAND IN NAGPUR

• KEYSTONE REALTORS LTD - ACQUISITION COSTS 200 MILLION RUPEES

Source text: ID:nBSE7cTp7G

Further company coverage: KEYS.NS

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** Shares of Keystone Realtors KEYS.NS fall 9% to 530 rupees, hitting their lowest since late October 2023

** Real estate developer posts 50% drop in Q3 consol net profit, rev falls 11%

** KEYS set for its worst one-day drop ever

** Stock sees busiest day in nearly a month, trading vols at 3x their 30-day avg

** KEYS down 20% so far in 2025

(Reporting by Nishit Navin)

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Feb 3 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• KEYSTONE REALTORS - NCLT SANCTIONS AMALGAMATION OF KINGMAKER DEVELOPERS WITH REAL GEM BUILDTECH

Source text: ID:nNSE8r5SZH

Further company coverage: KEYS.NS

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Nov 11 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• SEPT-QUARTER CONSOL NET PROFIT 662.7 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.33 BILLION RUPEES

Source text: ID:nBSE5sfX6X

Further company coverage: KEYS.NS

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** Shares of Keystone Realtors KEYS.NS rise 2.3% before ending ~1% up at 700 rupees

** Co reports 129% y/y jump in Q2 presales to 7 bln rupees ($83.4 mln)

** Stock snaps nine-session losing streak

** KEYS has risen 10% YTD vs 14% rise in Mumbai-focussed rival Macrotech Developers MACE.NS

($1 = 83.9290 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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Aug 5 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• KEYSTONE REALTORS JUNE-QUARTER CONSOL NET PROFIT 258.2 MILLION RUPEES

• KEYSTONE REALTORS JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.22 BILLION RUPEES

Source text for Eikon: ID:nBSE6McS0q

Further company coverage: KEYS.NS

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** Shares of Keystone Realtors KEYS.NS climb 2.6% to 720.30 rupees

** KEYS' large pipeline of projects should accelerate pre-sales growth over medium term, says Investec

** Brokerage initiates coverage on realtor with "buy", Street-high PT of 875 rupees, per LSEG

** Investec second brokerage to start coverage on KEYS after Axis Capital, which also rates it "buy" - LSEG

** KEYS' higher collection ratios - the money it collected from a project vs what it expected to collect - and better avg realisations vs peers shows strong competitive positioning - Investec

** Stock up 12.5% YTD vs peers Godrej Properties' GODR.NS and Macrotech Developers' MACE.NS 56% and 36% climb, respectively

(Reporting by Kashish Tandon in Bengaluru)

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July 11 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• ENTERED INTO DEED OF CONVEYANCE FOR ACQUISITION OF LAND IN MAHARASHTRA

• TOTAL CONSIDERATION IS 910 MILLION RUPEES

Source text for Eikon: ID:nBSEct5R1

Further company coverage: KEYS.NS

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July 9 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• KEYSTONE REALTORS LTD- PRE-SALES OF 6.11 BILLION RUPEES IN Q1FY25

• KEYSTONE REALTORS- COLLECTIONS ARE AT 4.85 BILLION RUPEES IN Q1

Source text for Eikon: ID:nBSEYCGl6

Further company coverage: KEYS.NS

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** Shares of Keystone Realtors KEYS.NS rise as much as 3.5% to 694.90 rupees before trimming some gains; now up 1.4%

** Stock hits highest level since Feb. 26

** Real estate developer says pre-sales in Q4FY24 up 78% year-on-year at 8.43 bln rupees

** Pre-sales for fiscal year FY24 at 22.66 bln rupees, growing 41% year-on-year

** Stock rose during 6 out of 7 sessions so far in April

** Over 1.2 mln shares change hands, ~1.1x the 30-day avg

(Reporting by Anisha Ajith in Bengaluru)

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** Shares of real estate developer Sunteck Realty SUNT.NS up 1.71% at 469.15 rupees

** Brokerage Investec says co's upcoming project launches in Mumbai Metropolitan Region (MMR) to aid pre-sales growth in coming quarters

** Expects unsold projects in commercial hub Bandra-Kurla Complex BKC to start to see pickup in sales

** Says co's rental income from commercial properties expected to improve 8x-9x to 3 bln rupees ($36.2 mln) in next 3 yrs

** Hikes SUNT's target price to 640 rupees from 560 rupees, retains "buy"

** SUNT's 9x P/E ratio relatively "attractive" vs MMR-focussed peers Mahindra Lifespace Developers' MALD.NS 20.6x and Keystone Realtors' KEYS.NS 17.6x - Investec

** All 10 analysts rating stock recommend "buy" or higher, median TP is 565 rupees - LSEG data

** YTD, SUNT up 5% vs ~13% rise each in MALD and KEYS

($1 = 82.9881 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Keystone Realtors KEYS.NS rise as much as 6.5% to hit a record high of 750 rupees earlier in the day

** Stock since pared gains to close up 1.3%

** Real estate developer reported near six-fold jump in Q3 consolidated net profit while rev from ops grew more than four-fold

** Pre-Sales during Q3 is 6.16 bln rupees ($74.11 mln), up 101% Q/Q

** Co has also approved fundraise up to 15 bln rupees

** Stock rose 13.9% in Dec. qtr vs. 2.7% fall in Sept. qtr

($1 = 83.1200 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Jan 22 (Reuters) - Keystone Realtors Ltd KEYS.NS:

• TO CONSIDER PROPOSAL FOR ENABLING RAISING OF FUNDS BY WAY OF ISSUANCE OF SHARES

Further company coverage: KEYS.NS

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** Shares of Ajmera Realty & Infra India AJME.NS rise as much as 8.3% to 547 rupees, highest price since May 27, 2008

** Stock has since pared some gains to trade up 6.2%, as of 1:30 p.m. IST

** Co said, Ajmera Luxe Realty, a JV between AJME and Keystone Realtors KEYS.NS will redevelop a society in Bandra

** Adds, both companies will hold a 50% stake in the project, which is expected to generate gross development value of 7.6 bln rupees ($91.41 mln)

** Trading vol is 2.5x the 30-day daily avg

** Stock rose 42% in 2023, its fourth straight year of yearly gains

($1 = 83.1425 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Jan 17 (Reuters) - Ajmera Realty & Infra India Ltd AJME.NS:

• ENTERED INTO SHARE PURCHASE AGREEMENT WITH KEYSTONE REALTORS TO DIVEST 50% STAKE IN UNIT

• TO DIVEST 50% STAKE IN UNIT AJMERA LUXE REALTY

Source text for Eikon: ID:nBSE3Kpq2W

Further company coverage: AJME.NS

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