04-Nov-2026 13:25:53
RUSTOMJEE Q2 FY27: ₹5,000 CR PRE-SALES GUIDANCE; ₹8,000 CR PROJECT LAUNCH TARGET, ₹40,794 CR UPCOMING PIPELINE & ₹10,000 CR FY30 AMBITION
• FY27 Pre-Sales Guidance: Management targets ₹5,000 Cr pre-sales, with 41% of the annual target achieved during H1 FY27 • FY27 Launch Guidance: Targets ₹8,000 Cr gross development value (GDV) from new project launches • FY27 Business Development Guidance: Plans to add projects worth ₹8,000 Cr GDV, against approximately ₹547 Cr added during H1 • FY30 Growth Target: Aims to achieve ₹10,000 Cr annual pre-sales by FY30, implying approximately 26% CAGR from FY26 • Massive Project Pipeline: 19 forthcoming projects with estimated GDV of ₹40,794 Cr and 22.24 million sq. ft. saleable area • Ongoing Projects: 19 projects with estimated GDV of ₹20,345 Cr, providing substantial future sales and execution opportunities • Cluster Redevelopment: Five major Mumbai redevelopment clusters with combined estimated GDV of ₹16,600 Cr, including GTB Nagar, Lokhandwala, Dindoshi, Om Nagar and Malad West • FY27 Launch Pipeline: Eight projects or project phases covering approximately 5.18 million sq. ft., including GTB Nagar Phase 1, Dindoshi Cluster, Om Nagar Phase 1, Avinash Tower and Urbania • Urbania Expansion: Launched an additional township tower in Q3 FY27 with estimated GDV of ₹886 Cr, supporting the annual launch target • Commercial Expansion: Developing 25HQ at Prabhadevi, 33Fifteen at Bandra and OB12 at Bandra East, aiming to build a recurring rental-income portfolio • Plotted Development: Expanding beyond residential apartments through the 88-acre Belle Vue project in Kasara and approximately 62-acre development at Igatpuri • Future Cash Flow Visibility: Approximately ₹5,684 Cr sold receivables from completed and ongoing projects, supporting future collections • Projected Cash Flows: Combined completed, ongoing and forthcoming project pipeline indicates approximately ₹24,318 Cr potential balance project cash flow before additional overheads and partner-related adjustments • Premium Housing Strategy: Approximately 93% of forthcoming residential project GDV is concentrated in premium and emerging-premium categories • Debt Guidance: Management targets gross debt-to-equity below 0.75x during FY27, maintaining a conservative leverage strategy • Execution Strategy: Adopting precast and prefitted construction technology with Singapore-based RVD to accelerate construction and delivery • Future Growth Plans: Focused on redevelopment, premium housing, cluster projects, plotted developments, commercial properties and asset-light joint development agreements
KEYSTONE REALTORS LIMITED