Profit before tax (PBT) for Q3 FY25 stood at Rs 44.69 crore, registering a 32.89% increase compared to Rs 33.63 crore in Q3 FY24.

EBITDA surged 196.7% to Rs 62.9 crore in Q3 FY25 as against Rs 21.2 crore recorded in the third quarter of FY24. EBITDA margin expanded to 12.9% during the quarter, compared with 4% in Q3 FY24.

In Q3FY25, the company added 2 projects with an estimated gross development value (GDV) of Rs 980 crore.

Gross debt stands at Rs 373 crore, and the gross debt/equity ratio is 0.14 as of Q3 FY25. Net Debt stands at NIL at the end of the quarter.

In outlook front, the Mumbai Metropolitan Region (MMR) real estate industry is on a promising growth trajectory, offering abundant opportunities for the Rustomjee Group. With a strong focus on redevelopment, expansion within the MMR region, and the competitive advantage of our unique strengths, we are well-positioned for sustained success.

Boman Irani, chairman and managing director, Keystone Realtors, said “In FY25, the company has demonstrated remarkable progress in terms of Pre-Sales, collections, new project additions and new launches. We are thankful to all our stakeholders for their continued support and trust in us.

As we successfully close out the third quarter of FY25, we are right in line with the guidance we provided, and I’m excited to report that our Pre-Sales for Q3FY25 have reached INR 863 Crores, reflecting a 40% YoY growth. In Q3FY25, we also added two new projects, contributing an additional GDV of INR 980 Crores, further reinforcing our growth trajectory. The demand for our products remains robust, and we’re excited about the strong pipeline of upcoming launches for the remainder of FY25. Our asset-light model, with a focus on redevelopment opportunities, particularly in Mumbai, continues to be a key driver of growth. As the most trusted partner in this space, we are strategically positioned to leverage the vast redevelopment potential in the region.”

Keystone Realtors is one of the prominent real estate developers in Mumbai Metropolitan Region (MMR).

The stock slipped 3.79% to currently trade at Rs 558.55 on the BSE.