Keystone Realtors Profit Drops 50% in Q3 2024

Feb 11, 2025 19:02

Keystone Realtors reports a 50% decline in net profit for the December 2024 quarter, reaching Rs 15.07 crore. Total income also decreased to Rs 485.82 crore.

New Delhi, Feb 10 (PTI) Keystone Realtors Ltd on Tuesday said its consolidated net profit declined by half to Rs 15.07 crore in the quarter ended December 31, 2024.

Its net profit stood at Rs 30.22 crore in the year-ago period.

Total income also declined to Rs 485.82 crore in the third quarter of this fiscal from Rs 533.33 crore in the corresponding period of the preceding year, according to a regulatory filing.

Incorporated in 1995, Keystone Realtors Limited is one of the leading real estate developers in the country.

The company has a substantial portfolio of projects spanning the Mumbai Metropolitan Region (MMR), with 36 completed projects, 15 ongoing projects and 26 forthcoming projects that cover all price points from affordable to super premium.

So far, the company has delivered over 25 million square feet of construction area, with a pipeline of over 44 million square feet in the works.

Source: PTI By Rediff Money Desk, New Delhi

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