Pre-sales (Q4 FY26)
₹1,346 Cr
+58% YoY
Highest ever quarterly pre-sales, driven by strong demand in premium segments.
KEYSTONEREALTORS
Infrastructure
15 May 2026
Keystone Realtors Ltd — Q4 FY26
Keystone Realtors delivered a stellar Q4 FY26 with pre-sales of ₹1,346 crore, up 58% YoY, and full-year pre-sales of ₹4,022 crore (+33% YoY), meeting guidance.
✓ Verified against BSE filing
2-Minute Summary
✦ AI-Generated from Full Transcript
Keystone Realtors delivered a stellar Q4 FY26 with pre-sales of ₹1,346 crore, up 58% YoY, and full-year pre-sales of ₹4,022 crore (+33% YoY), meeting guidance. The company achieved its highest-ever quarterly pre-sales, driven by strong demand in premium and emerging premium segments. Collections rose 13% to ₹2,622 crore, and operational cash flow stood at ₹715 crore. Management guided for FY27 pre-sales of ₹5,000 crore and reiterated the FY30 target of ₹10,000 crore, supported by a robust pipeline of cluster redevelopments and commercial annuity assets. The transition to percentage-of-completion accounting will better reflect margins. A key risk is potential input cost inflation (8-13% on certain items) due to global commodity volatility, though the company's pricing strategy provides some insulation.
Key Numbers
Pre-sales (FY26)
₹4,022 Cr
+33% YoY
Met guidance; 2.5x growth over FY23, CAGR of 36%.
Collections (FY26)
₹2,622 Cr
+13% YoY
Steady cash conversion; Q4 collections at ₹853 Cr (+14% YoY).
Business Development (FY26)
₹10,400+ Cr GDV
+118% YoY
1.74x guidance; 5 projects added, 21 of 25 since FY23 are redevelopments.
Management Guidance
FY27 pre-sales target of ₹5,000 crore
Management guided for pre-sales of ₹5,000 crore in FY27, representing ~25% growth over FY26.
Management guidance revenueFY30 pre-sales target of ₹10,000 crore
Long-term target to achieve ₹10,000 crore pre-sales by FY30, implying a CAGR of ~26% from FY27.
Management guidance growthFY27 project launches of ₹8,000 crore GDV
Management expects to launch projects with an estimated GDV of ₹8,000 crore in FY27.
Management guidance expansionFY27 business development of ₹8,000+ crore GDV
Target to acquire projects with GDV of ₹8,000 crore or more in FY27.
Management guidance growthKey Risks
Input cost inflation
Commodity price volatility (steel, aluminium, glass) could increase construction costs by ~5% overall, with certain items up 8-13%.
medium · analyst_questionLegacy project margin drag
Legacy low-margin projects (e.g., Crown) still contribute 62% of revenue in FY26; full transition to high-margin projects expected only by FY28.
medium · data_observationGeopolitical risk impacting demand
Middle East crisis could slow footfalls and conversions, especially in the 1-3 crore segment, though premium demand remains resilient.
low · analyst_questionNotable Quotes
Our pre-sales have grown 2.5 times in just three years. We were at 1,640 crores in FY23 and today we are at 4,022 crores in FY26. That is a CAGR of 36%.
The path to 10,000 crores begins. The first step is this year will be a pre-sales of 5,000 crores.
Our financial performance will truly begin to mirror the operational strength we have been building.
Frequently Asked Questions
What was Keystone Realtors's revenue in Q4 FY26?
Keystone Realtors reported revenue of ₹1,596 Cr in Q4 FY26, representing a — change compared to the same quarter last year.
What guidance did Keystone Realtors management give for FY27?
FY27 pre-sales target of ₹5,000 crore: Management guided for pre-sales of ₹5,000 crore in FY27, representing ~25% growth over FY26. FY30 pre-sales target of ₹10,000 crore: Long-term target to achieve ₹10,000 crore pre-sales by FY30, implying a CAGR of ~26% from FY27. FY27 project launches of ₹8,000 crore GDV: Management expects to launch projects with an estimated GDV of ₹8,000 crore in FY27. FY27 business development of ₹8,000+ crore GDV: Target to acquire projects with GDV of ₹8,000 crore or more in FY27.
What are the key risks for Keystone Realtors in FY27?
Key risks include Input cost inflation — Commodity price volatility (steel, aluminium, glass) could increase construction costs by ~5% overall, with certain items up 8-13%.; Legacy project margin drag — Legacy low-margin projects (e.g., Crown) still contribute 62% of revenue in FY26; full transition to high-margin projects expected only by FY28.; Geopolitical risk impacting demand — Middle East crisis could slow footfalls and conversions, especially in the 1-3 crore segment, though premium demand remains resilient..
Did Keystone Realtors meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Keystone Realtors Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.