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Keystone Realtors Limited - Key Operational Updates for Q3 FY24



Posted On : 2024-01-09 10:09:46( TIMEZONE : IST )

Keystone Realtors Limited - Key Operational Updates for Q3 FY24

Keystone Realtors Limited has announced Key Operational Updates for Q3 FY24:

Keystone Realtors Ltd - Operational Updates for Q3 FY24

Pre-Sales:

- Pre-Sales for Q3 FY24 stood at INR 6.16 Bn showing a growth of 101% QoQ and 42% YoY.

- Pre-Sales for YTD-FY24 stood INR 14.23 Bn showing a growth of 26% YoY on YTD basis.

Collections:

- Collection for Q3 FY24 stood at INR 4.52 Bn showing a growth 9% YoY.

- Collection for YTD-FY24 stood INR 15.33 Bn showing a growth of 32% YoY on YTD basis

Launches:

- During Q3FY24, launched 2 Towers in Urbania, Thane having GDV of INR 13.48 Bn.

- For the period YTD-FY24, Company launched a total of 4 projects with an estimated GDV of INR 22.38 Bn

Business Development:

- During Q3FY24, company added one more project with an estimated GDV of INR 14.53 Bn.

- For the period YTD-FY24, Company added a total of 5 projects with an estimated GDV of ~INR 51 Bn

Commenting on the Company's operational performance for Q3FY24, Mr. Boman Irani, CMD of Keystone Realtors Limited, said "Q3FY24 has been an eventful quarter for the company with substantial performance across all Key Performance metrices such as Pre-Sales, Collections, Launches, and New Project Additions. This positions our company for a significant leap forward, aligning with our ambitious goals. All our performance metrics are in harmony with our guidance. I'm pleased to announce our sustained and robust performance and we maintain our confidence in meeting our targets for Pre-Sales growth and New Launches, positioning us strongly to generate substantial value to all our stakeholders".

Please note that aforesaid nos. are provisional and subject to audit.

Shares of Keystone Realtors Limited was last trading in BSE at Rs. 710.75 as compared to the previous close of Rs. 665.65. The total number of shares traded during the day was 28951 in over 1728 trades.

The stock hit an intraday high of Rs. 714.40 and intraday low of 652.40. The net turnover during the day was Rs. 20288371.00.

Source : Equity Bulls

Keywords

KeystoneRealtors INE263M01029 Residential Commercial KeyOperationalUpdate Q3FY24