Introduction:
Realty stock experienced a 13% decline in revenue for Q3 FY25, driven by a drop in operations despite a rise in other income. Profit before tax decreased 49.5%, and PAT fell by 54%, highlighting operational and profitability challenges.
Share Price movement of Keystone Realtors:
On February 10, 2025, Keystone Realtors Ltd opened at ₹583.00, reaching a high of ₹586.75 and a low of ₹530.00, down 8% from its previous close of ₹583.40. Currently, it is trading at ₹547.80, with a market cap of ₹6,903.33 crore.
Keystone Realtors Q3 Results:
For the quarter ended 31st December 2024, Keystone Realtors reported a 13% decrease in revenue from ₹53,307 crore in September 2024 to ₹46,402 crore. This decline in revenue from operations was offset by a slight rise in other income, up by 3%.
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The profit before tax dropped by 49.5%, falling from ₹8,837 crore in September 2024 to ₹4,469 crore in December 2024. This was largely due to an increase in expenses, which rose by 8.6%, from ₹46,509 crore to ₹43,755 crore, especially driven by higher construction costs.
The company’s profit after tax (PAT) saw a sharp decrease of 54%, falling from ₹6,555 crore in September 2024 to ₹2,998 crore in December 2024. The lower EBITDA and higher tax expenses contributed to this reduced profitability.
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Stock performance of Keystone Realtors for Period of 1 week, 6 months and 1 year:
Keystone Realtors stock dropped 6.33% over the past week, indicating short-term challenges. Over six months, it declined 18.6%, reflecting sustained weakness. On a yearly basis, the stock has fallen 10.3%, demonstrating a significant negative trend in performance across all periods.
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Shareholding pattern of Keystone Realtors:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 78.35 | 78.35 | 78.36 |
| FII | 3.28 | 3.4 | 3.24 |
| DII | 16.15 | 16.12 | 16.39 |
| Retail & others | 2.22 | 2.11 | 2.02 |
About Keystone Realtors:
Keystone Realtors operates under the Rustomjee brand, focusing on residential and commercial real estate development. The company is known for delivering high-quality luxury homes and township projects, with a strong presence in Mumbai and expanding its footprint in India’s real estate sector.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
