Keystone Realtors conducted its Q3FY26 earnings conference call on February 4, 2026, providing comprehensive insights into the company's financial performance and strategic initiatives. The real estate developer demonstrated resilience with strong presales performance while navigating market challenges during the quarter.

Strong Presales Performance

The company achieved encouraging presales performance during Q3FY26, with management highlighting significant growth momentum. The presales figures reflect the strategic choices made in business development and launches, supported by continued customer confidence in the Rustomjee brand.

Project Launches and Business Development

Keystone Realtors launched one project in Q3FY26 with an estimated GDV of INR 919 crores, bringing the total launches for the year to 5 projects worth INR 5,835 crores. This achievement represents 83% of the company's full-year launch target. The company has significantly improved its go-to-market timelines, with projects typically moving from development agreement to launch within 12 months.

Cluster Redevelopment Focus

The company added another project to its Lokhandwala Cluster during Q3FY26, bringing the total estimated GDV of this cluster to approximately INR 3,900 crores. For the nine months of FY26, Keystone added 4 projects with an estimated GDV of INR 8,650 crores, representing 1.44 times their annual guidance. The company's cluster redevelopment projects include Lokhandwala, GTB Nagar, Dindoshi, and Malad West, with a combined GDV of approximately INR 12,500 crores across all four clusters.

Financial Position and Liquidity

The company maintained a strong financial position with gross debt of INR 625 crores as of December 31, 2025, translating to a gross debt-to-equity ratio of 0.22:1. Keystone ended the quarter with free cash of INR 717 crores, maintaining its net cash positive status. Construction spend increased by 18% year-on-year to INR 718 crores for the nine months of FY26.

Commercial Real Estate Expansion

The company is expanding its focus on commercial real estate as a natural extension of its development capabilities. The successful launch of 33fifteen at Bandra West, a marquee commercial project with an estimated GDV of INR 950 crores, has seen 18% of launched inventory already sold. Another commercial launch is planned for the first half of FY27 at Prabhadevi with an estimated GDV of INR 1,150 crores.

Project Completions and Awards

During the nine months of FY26, Keystone completed 3 projects covering approximately 1.98 million square feet, including Rustomjee Belle Vue, Paramount F Wing, and Rustomjee Crown Tower C. The company received multiple awards, including the Green Champion Award from IGBC and three CREDAI awards for various projects, demonstrating its commitment to quality and sustainability.

Keystone realtors Limited has announced its quarterly earnings conference call to discuss Q3FY26 financial results. The company filed the announcement with stock exchanges on January 28, 2026, pursuant to Regulation 30 of the SEBI (LODR) Regulations 2015.

Conference Call Schedule

The investor and analyst conference call is scheduled for Wednesday, February 4, 2026 at 5:00 PM IST. The session will focus on discussing the company's unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Management Participation

The earnings call will feature key members of Keystone Realtors' senior management team. The call will begin with a brief management discussion on earnings performance, followed by an interactive question and answer session.

Management Representatives:

• Mr. Boman Irani, Chairman and Managing Director
• Mr. Chandresh Mehta, Executive Director
• Mr. Percy Chowdhry, Executive Director
• Mr. Sajal Gupta, Group Chief Financial Officer

Dial-in Information

The company has provided comprehensive dial-in details for both domestic and international participants. Multiple time zones have been accommodated to facilitate global investor participation.

International Time Zones

To accommodate global participants, the company has provided equivalent times across major financial centers:

• India: 5:00 PM IST
• Hong Kong/Singapore: 7:30 PM
• London: 11:30 AM
• New York: 6:30 AM EST

The announcement was signed by Bimal K Nanda, Company Secretary and Compliance Officer, and filed with both the Bombay Stock Exchange and National Stock Exchange of India Limited. Participants can pre-register to avoid wait times during the conference call.