MMR based Real estate organization Keystone Realtors records pre-deals of Rs.6.11 billion (approximately Rs.611 crore) show a 22% year-over-year increase, as per the company’s financial results for the first quarter of FY25.
The firm reported collecting Rs.4.85 billion (i.e. Rs.485 crore) and Rs 1.08 billion in operating cash flows 108 crore rupees) Further, during the quarter, the organization recorded income of Rs.4.22 billion (i.e Rs.422 crore) and EBITDA of Rs.0.58 billion (i.e Rs.58 crore)
The Profit After Tax – PAT was 0.26 billion rupees (i.e. Rs.26 crore).
The company added one project, according to the official announcement, with an estimated GDV of Rs.9.84 Billion (i.e. Rs.984 crore) and two project buildings with a gross development value (GDV) of Rs.17 crore) in Q1 of FY25.
The total amount of secured debt estimated at Rs.458 crore and a gross debt-to-equity ratio is 0.18 in the first quarter of FY25. At the end of the quarter, there was no net debt.
Boman Irani, Chairman & Managing Director, Keystone Realtors Limited, states, “In this quarter, we launched two new projects with an estimated GDV of Rs.2017 crore, perfectly aligned with our guidance of launching two projects per quarter. Additionally, we added one more project with an estimated GDV of Rs.984 crore, further strengthening our already robust project portfolio across the length and breadth of MMR. The successful raise of Rs.800 crore equity via QIP will play pivotal role in driving our growth strategy facilitating the acquisition of new projects and New Launches, thus accelerating growth in pre-sales. With a promising pipeline of launches and our strategic foray into the plotted development in Kasara, we feel that we are at an inflection point to enter an era of high growth. We are poised for an exciting journey ahead, generating value for our stakeholders and enriching the urban living experience.”
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