Keystone Realtors Ltd's Q3FY25 Quarterly Results

Result Summary

• Keystone Realtors Ltd reported a 12.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 8.9%.
• Its expenses for the quarter were down by 5.9% QoQ and 16.0% YoY.
• The net profit decreased 54.3% QoQ and increased 0.3% YoY.
• The earnings per share (EPS) of Keystone Realtors Ltd stood at 1.2 during Q3FY25.

Financial Statments for Q3FY25

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Keystone Realtors Ltd is a prominent player in the real estate sector, focusing on the development of residential properties. The company operates primarily in the Indian market, catering to a diverse clientele with offerings ranging from affordable housing to premium luxury projects. Keystone Realtors is known for its commitment to quality, timely delivery, and innovative construction practices. Recent developments in the company might not be available, as the analysis is based on information up to October 2023. Therefore, any new ventures, partnerships, or strategic shifts that have occurred beyond this timeframe are not considered in this report.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Keystone Realtors Ltd reported a total income of ₹485.82 crores. This represents a decline of 12.7% from the previous quarter (Q2FY25), where the total income was ₹556.22 crores. On a year-over-year basis, the total income decreased by 8.9% compared to the same quarter in the previous year (Q3FY24), which recorded an income of ₹533.33 crores. This downward trend in revenue both sequentially and annually indicates a challenging period for the company in terms of income generation.

Profitability

Keystone Realtors Ltd's profitability metrics show significant variations across the periods analyzed. The profit before tax (PBT) in Q3FY25 was ₹48.27 crores, which is a 47.0% decrease from Q2FY25's figure of ₹91.13 crores. However, compared to Q3FY24, where the PBT was ₹12.39 crores, there is a substantial improvement of 289.6% year-over-year. The profit after tax (PAT) for Q3FY25 stood at ₹29.98 crores, marking a decrease of 54.3% from the previous quarter's PAT of ₹65.55 crores, but a marginal increase of 0.3% from the same period last year, which recorded a PAT of ₹29.88 crores. The consistent profitability over the past year despite quarterly volatility is noteworthy.

Operating Metrics

The operating expenses for Keystone Realtors Ltd in Q3FY25 were ₹437.55 crores. Compared to Q2FY25, where expenses were ₹465.09 crores, there was a reduction of 5.9%. Year-over-year, the company achieved a significant decrease of 16.0% in total expenses from ₹520.94 crores in Q3FY24. Earnings per share (EPS) in Q3FY25 fell to ₹1.20 from ₹5.30 in the previous quarter, marking a decrease of 77.4%. YoY, EPS declined by 53.8% from ₹2.60 in Q3FY24. These metrics highlight fluctuations in operational efficiency and shareholder returns over the analyzed periods.