Keystone Realtors Reports 83% Drop in Q3 FY26 Net Profit Despite Growth in Pre-Sales, ETRealty


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NEW DELHI: Keystone Realtors has reported a decline of 83.06 per cent in its net consolidated profit during the quarter ended December 31, 2025. Its profit after tax (PAT) stood at ₹5.08 crore as against ₹29.98 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

The company’s net consolidated total income stood at ₹293.95 crore in Q3 FY26, a dip of 39.49 per cent from ₹485.82 crore it recorded in the similar quarter last year.

Boman Irani, chairman and managing director of the company said, “Our pre-sales reached ₹837 crore in Q3 FY26 and ₹2,676 crore for YTD FY26, representing a robust 23% year-on-year growth. During the quarter, we successfully launched a new project with an estimated GDV of ₹919 crore, taking our cumulative launches for YTD FY26 to five projects with a total gross development value (GDV) of ₹5,835 crore. We added another project with an estimated GDV of ₹382 crore, bringing our cumulative additions for YTD FY26 to four new projects, including two cluster redevelopment initiatives, with a combined GDV of ₹8,649 crore surpassing our full-year guidance.”

As on December 31, 2025, its net worth stood at ₹2,802.50 crore, debt-equity ratio stood at 0.45, current liability ratio was 0.83, total debt to total assets ratio was 0.18, operating margin was 6.5% and net profit margin was 1.9%.

It registered pre-sales of ₹8.37 billion (₹837 crore) in Q3 FY26 and pre-sales of ₹26.76 billion (₹2,676 crore) in YTD FY26, a 23% growth over YTD FY25. Collections stood at ₹5.24 billion (₹524 crore).

The company launched five projects with GDV of ₹58.35 billion (₹5,835 crore) in YTD FY26, achieved 83% of the full-year FY26 guidance.

During Q3 FY26, it added one project with an estimated GDV of ₹3.82 billion (₹382 crore). With this, it has added a total of four projects in YTD FY26 with an estimated GDV of ₹86.49 billion (₹8,649 crore), surpassing its full year FY26 guidance of ₹60 billion (₹6,000 crore).

The company launched one project with an estimated GDV of 9.19 billion (₹919 crore). With this, we have launched a total of five projects in YTD FY26 with an estimated GDV of ₹58.35 billion (₹5,835 crore). About 83% of the full-year FY26 launches guidance of ₹70 billion (₹7,000 crore) has already been achieved in YTD FY26.

Gross debt stood at ₹6.25 billion (₹625 crore) and gross debt/equity ratio was 0.22 as on Q3 FY26.

  • Published On Feb 4, 2026 at 05:37 PM IST

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