Keystone Realtors Q3 profit plunges 77%, revenue down 43% despite strong home sales momentum

Keystone Realtors Limited reported a sharp decline in its Q3 FY26 financials, with net profit falling 77.3% to ₹3.4 crore from ₹15 crore year-on-year.

Revenue declined 42.6% to ₹266.2 crore compared to ₹464 crore in the same period last year, while EBITDA dropped 71.8% to ₹11.6 crore. The company’s margins narrowed to 4.4% from 8.9% YoY.

Despite the dip in profitability, the company reported strong pre-sales performance, reaching ₹837 crore in Q3 FY26 and ₹2,676 crore year-to-date, representing a 23% growth over YTD FY25.

Keystone launched one new project in Q3 FY26 with a Gross Development Value (GDV) of ₹919 crore, bringing total YTD launches to five projects with a GDV of ₹5,835 crore.

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The company also added one new project in the quarter with a GDV of ₹382 crore, taking cumulative additions to four projects with a combined GDV of ₹8,649 crore, surpassing full-year FY26 guidance.

Commenting on the performance, Chairman and MD Mr. Boman Irani said, “We are delighted with the company’s strong performance in Q3 FY25-26, reflecting the commitment of our teams and the trust of our customers. With a robust pipeline of upcoming launches, we remain confident in sustaining our growth trajectory.”

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Keystone Realtors Ltd shares closed at ₹489.95 on 4th February, down ₹18.05, or 3.55%, on NSE.