May 15, 2024: MMR based real-estate company Keystone Realtors announced its financial results for Q4 FY24.
In Q4 FY24, the company recorded a revenue of Rs 8.12 bn. The company recorded an EBITDA of Rs 0.67 bn. The profit after tax (PAT) was 0.31 bn.
Boman Irani, chairman and managing director, Keystone Realtors, said, “In FY24, the company has demonstrated remarkable progress in terms of pre-sales, collections, new additions and new launches. We are thankful to all our stakeholders for their continued support and trust in us.
“In FY 2024, Rustomjee Group accomplished an exceptional performance, recording pre-sales of Rs 2,266 crore which is a remarkable growth of 41% YoY well ahead of our guidance of 25%. Going forward, we anticipate a continued upward trajectory in pre-Sales, driven by our strong pipeline of launches and the unwavering trust of our customers. Beyond mere figures, our dedication to excellence permeates every aspect of our operations. Throughout this financial year, we launched six developments having an estimated saleable area of 1.68 mn sqft to cater to the preferences of our diverse clientele. Further, the addition of five new developments during Q4 has taken our Full Year additions to ten new developments boasting an estimated saleable area of 4.1 mn sqft. During the year, we have completed 12 buildings with a developable area of 4.65 mn sqft, which is the highest ever in any year. With a promising pipeline of launches, we feel that we are at an inflection point to enter an era of exponential growth, poised for an exciting journey ahead, generating value for our stakeholders and enriching the urban living experience,” he added.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: anuradha.ramamirtham@housing.com
Related Posts
Outlook for residential realty negative; lower risk for large players: India Ratings.
Rustomjee Group announces new redevelopment project in Malad West.
Signature Global pre-sales up by 112% to Rs 72.7 bn in FY24.
Mindspace Business Parks REIT records 3.6 msf gross leasing in FY24.
Godrej Properties net profit grew by 27% to Rs 725 crore in FY24.
Ajmera Realty’s revenue up by 61% to Rs 708 cr in FY24.
