Keystone Realtors Ltd. , a prominent player in the real estate sector, has reported a robust performance for the first quarter, signaling strong growth and expansion plans.

Strong Q1 Performance

The company announced pre-sales of Rs 1,068.00 crore for Q1, marking an impressive 75% year-on-year growth. This strong start to the fiscal year has bolstered the company's confidence in surpassing its guidance of Rs 4,000.00 crore in pre-sales.

Aggressive Expansion Strategy

Keystone Realtors has been actively pursuing an expansion strategy:

• Over the past 2.5 years, the company has acquired 18 projects with a total Gross Development Value (GDV) of Rs 20,000.00 crore.
• In the current quarter alone, Keystone added projects worth Rs 7,000.00 crore to its portfolio.

Geographical Expansion

The company is not only strengthening its presence within the Mumbai Metropolitan Region (MMR) but is also venturing into new territories:

• Keystone is set to enter the Nagpur market with a significant project valued at Rs 1,000.00 crore.

Outlook

With its strong Q1 performance and aggressive expansion plans, Keystone Realtors appears well-positioned to capitalize on the growing real estate market. The company's confidence in exceeding its pre-sales guidance of Rs 4,000.00 crore reflects its positive outlook on the sector and its own growth trajectory.

As the real estate market continues to evolve, Keystone's strategic acquisitions and geographical expansion could play a crucial role in shaping its future performance and market position.

Keystone Realtors , a prominent player in the real estate sector, has reported exceptional results for the first quarter, showcasing remarkable growth across key performance indicators.

Impressive Volume and Pre-sales Growth

The company witnessed a staggering 159% year-over-year (YoY) increase in volume, reaching 0.63 million square feet. This substantial growth in volume was accompanied by a robust 75% YoY surge in pre-sales, which amounted to ₹1,068.00 crore. The strong performance in pre-sales indicates a significant uptick in customer demand and market confidence in Keystone Realtors' offerings.

Solid Collections and Financial Performance

Keystone Realtors also reported a healthy 19% increase in collections, totaling ₹575.00 crore. This improvement in collections demonstrates the company's ability to effectively convert sales into cash flows, contributing to its financial stability.

Strategic Project Launches

During the quarter, Keystone Realtors launched three new projects, encompassing a total area of 0.91 million square feet. These projects have an estimated Gross Development Value (GDV) of ₹4,000.00 crore. Notably, with these launches, the company has already achieved 57% of its launch guidance for the year, indicating strong execution capabilities and market readiness.

Exceeding New Project Addition Targets

In a significant achievement, Keystone Realtors added three new projects to its portfolio, covering an impressive 3.25 million square feet of area. These additions come with an estimated GDV of ₹7,725.00 crore. Remarkably, with these new project additions, the company has already surpassed its full-year guidance for new additions, showcasing its aggressive growth strategy and ability to identify and secure promising development opportunities.

Outlook

The stellar Q1 performance of Keystone Realtors, characterized by triple-digit volume growth, strong pre-sales, and strategic project launches and additions, positions the company favorably in the real estate market. The company's ability to exceed its project addition targets so early in the fiscal year suggests a robust pipeline and potential for continued growth in the coming quarters.

Investors and industry observers will likely keep a close watch on Keystone Realtors' ability to maintain this momentum and capitalize on the current market dynamics in the real estate sector.