Keystone Realtors (Rustomjee) Q4 FY26 Operational Update: Record Quarterly Pre-Sales of ₹1,346 Crore, Up 58% YoY
Record Quarterly Performance Driven by Strong Market Momentum
Keystone Realtors Limited (NSE: RUSTOMJEE; BSE: 543669) announced its operational updates for the fourth quarter and financial year ended March 31, 2026. The company reported its strongest operational results to date, marking a significant acceleration in the final quarter of the fiscal year.
In Q4 FY26, the company achieved its best-ever quarterly pre-sales of INR 13.46 billion, representing a 58% year-on-year surge. Collections also hit record levels in the same period, with INR 8.53 billion recorded in Q4 FY26, underscoring strong demand and effective execution.
Full-Year Results Exceed Annual Guidance
For the full year FY26, the company achieved total pre-sales of INR 40.22 billion, marking a robust 33% year-on-year growth compared to INR 30.28 billion in FY25. Total collections for the year stood at INR 26.21 billion, a 13% year-on-year increase.
The total area sold grew by 25%, reaching 2.12 million square feet. The company successfully achieved 174% of its annual business development guidance and 140% of its launch guidance.
Strategic Push into Redevelopment Market
Keystone Realtors continues to strengthen its leadership in the Mumbai redevelopment market. In FY26, the company added five new projects with a total GDV of INR 104.20 billion, reflecting a 118% year-on-year growth in business development. All new additions this year were redevelopment projects.
During the final quarter, the company launched two premium projects—Bandstand Cama in Bandra West and Rustomjee Vista Bay in Sewri—with a combined estimated Gross Development Value of INR 39.78 billion.
Developer Background and Scale
Founded in 1995, Keystone Realtors Limited (operating as Rustomjee) is a prominent real estate developer in the Mumbai Metropolitan Region. The company has successfully delivered over 230 landmark buildings that house more than 17,000 families.
As of the most recent filing, the company has approximately 37 completed projects, 16 ongoing projects, and 28 forthcoming projects across the Mumbai Metropolitan Region. The portfolio includes large-scale launches and ongoing projects across locations such as Bandra, Sewri, Andheri, Sion, and Goregaon, targeting mid to premium urban homebuyers.
Financial Strength and Market Position
The company maintains strong credit ratings of A+ (Stable) from ICRA and A+ (Positive) from India Ratings. The company's operational updates indicate that it has significantly surpassed its annual guidance for the fiscal year.
According to Boman Irani, CMD of Rustomjee Group, redevelopment opportunities worth nearly ₹1.30 lakh crore are expected by 2030. This market opportunity underscores the company's strategic positioning in Mumbai's urban regeneration space, where it has prioritized joint development and redevelopment partnerships over traditional land acquisition.