Keystone Realtors Limited — quarter and year ended March 31, 2026
| Particulars | Quarter ended 31.03.2026 (Unaudited, Refer note 3) | Quarter ended 31.12.2025 (Unaudited) | Quarter ended 31.03.2025 (Unaudited, Refer note 3) | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|
| 1. Revenue from Operations | 159,597 | 26,617 | 58,485 | 263,454 | 200,410 |
| 2. Other Income | 1,739 | 2,778 | 5,735 | 8,231 | 11,734 |
| 3. Total Income | 161,336 | 29,395 | 64,220 | 271,685 | 212,144 |
| 4. Expenses: | |||||
| – Construction Cost | 87,566 | 42,254 | 68,511 | 188,654 | 157,369 |
| – Purchase of stock-in-trade | – | – | – | 200 | 2,316 |
| – Changes in inventories of completed saleable units, construction work-in-progress and stock-in-trade | 49,659 | (25,704) | (23,878) | 19,920 | (15,049) |
| – Employee Benefits Expense | 4,559 | 3,777 | 3,799 | 16,330 | 13,038 |
| – Finance Costs | 3,294 | 2,326 | 1,271 | 7,908 | 5,148 |
| – Depreciation and Amortization Expense | 580 | 389 | 565 | 1,786 | 1,324 |
| – Other Expenses | 9,664 | 5,142 | 5,005 | 26,139 | 21,207 |
| Total Expenses | 155,322 | 28,184 | 55,273 | 260,937 | 185,353 |
| 5. Profit Before Share of Profit / (Loss) from associates and joint ventures, and tax | 6,014 | 1,211 | 8,947 | 10,748 | 26,791 |
| 6. Share of Profit / (Loss) from associates and joint ventures accounted for using the equity method (net of tax) | 714 | (163) | (285) | 302 | (1,093) |
| 7. Profit before tax | 6,728 | 1,048 | 8,662 | 11,050 | 25,698 |
| 8. Tax Expense: | |||||
| – Current Tax | 6,121 | (42) | 1,863 | 7,120 | 4,845 |
| – Tax in respect of earlier years | – | – | 165 | 165 | 165 |
| – Deferred Tax | (5,758) | 582 | (61) | (5,565) | 1,875 |
| Total tax expense | 363 | 540 | 1,967 | 1,555 | 6,885 |
| 9. Profit for the period / year | 6,365 | 508 | 6,695 | 9,495 | 18,813 |
| 10. Other Comprehensive Income / (Loss) | |||||
| – Items that will not be reclassified to profit or loss | |||||
| – Remeasurements of the defined benefit liabilities | 97 | (105) | (154) | (95) | (210) |
| – Income tax effect | (25) | 22 | 31 | 19 | 45 |
| – Share of other comprehensive loss of associates and joint ventures accounted for using the equity method (net of tax) | 4 | (25) | (13) | (21) | (13) |
| Other Comprehensive Income / (Loss), net of tax | 76 | (108) | (136) | (97) | (178) |
| 11. Total Comprehensive Income | 6,441 | 400 | 6,559 | 9,398 | 18,635 |
| 12. Paid-up Equity Share Capital (Face Value of Rs.10 each) | 12,624 | 12,623 | 12,603 | 12,624 | 12,603 |
|---|---|---|---|---|---|
| 13. Other equity (excluding revaluation reserves) | – | – | – | 273,708 | 264,596 |
| 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 | |
|---|---|---|---|---|---|
| a) Basic (Rs.) | 4.15 | 0.27 | 5.14 | 6.25 | 13.85 |
| b) Diluted (Rs.) | 4.12 | 0.27 | 5.09 | 6.21 | 13.71 |
| Particulars | 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 |
|---|---|---|---|---|---|
| Debt – equity ratio | 0.51 | 0.45 | 0.33 | 0.51 | 0.33 |
| Debt Service coverage ratio | 1.85 | 1.58 | 0.44 | 0.98 | 0.64 |
| Interest Service coverage ratio | 2.16 | 1.11 | 1.57 | 2.49 | 3.46 |
| Outstanding redeemable preference shares of Rs 10 each (no) | 548,728 | 548,728 | 548,728 | 548,728 | 548,728 |
| Outstanding redeemable preference shares (value) | 55 | 55 | 55 | 55 | 55 |
| Capital-redemption-reserve / Debenture redemption reserve | 350 | 24 | 24 | 350 | 24 |
| Net worth | 286,332 | 280,250 | 277,199 | 286,332 | 277,199 |
| Current ratio | 1.77 | 1.70 | 1.69 | 1.77 | 1.69 |
| Long term debt to working Capital | 0.17 | 0.18 | 0.11 | 0.17 | 0.11 |
| Bad debt to account receivable ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 |
| Current liability ratio | 0.83 | 0.83 | 0.86 | 0.83 | 0.86 |
| Total debts to total Assets | 0.22 | 0.18 | 0.14 | 0.22 | 0.14 |
| Trade Receivables turnover ratio (annualised) | 29.56 | 8.10 | 40.38 | 11.35 | 21.30 |
| Inventory turnover ratio (annualised) | 1.57 | 0.16 | 0.83 | 0.55 | 0.38 |
| Operating margin percentage | 12.3% | 6.5% | 10.5% | 12.4% | 17.9% |
| Net profit margin percentage | 3.7% | 1.9% | 9.2% | 3.6% | 9.4% |
| Particulars | As at March 31, 2026 Audited | As at March 31, 2025 Audited |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 2,179 | 2,486 |
| Right-of-use assets | 1,758 | 2,380 |
| Investment properties | 799 | 840 |
| Goodwill | 31,824 | 31,824 |
| Other intangible assets | 1 | 1 |
| Investments accounted for using the equity method | 29,951 | 31,795 |
| Financial assets | ||
| – i. Investments | 24,304 | 15,806 |
| – ii. Loans | 700 | – |
| – iii. Other financial assets | 2,149 | 1,720 |
| Current tax assets (net) | 7,515 | 6,560 |
| Deferred tax assets (net) | 5,941 | 5,295 |
| Other non-current assets | 1,948 | 1,653 |
| Total non-current assets | 109,069 | 100,360 |
| Current assets | ||
| Inventories | 366,936 | 386,054 |
| Financial assets | ||
| – i. Investments | 375 | 800 |
| – ii. Trade receivables | 33,899 | 8,345 |
| – iii. Cash and cash equivalents | 46,821 | 63,754 |
| – iv. Bank balances other than (iii) above | 41,409 | 20,829 |
| – v. Loans | 9,691 | 15,859 |
| – vi. Other financial assets | 24,085 | 25,316 |
| Current tax assets (net) | 1,248 | – |
| Other current assets | 39,972 | 42,379 |
| Total current assets | 563,188 | 564,584 |
| Total assets | 672,257 | 664,944 |
| EQUITY AND LIABILITIES | As at March 31, 2026 Audited | As at March 31, 2025 Audited |
|---|---|---|
| Equity | ||
| Equity share capital | 12,624 | 12,603 |
| Other equity | 273,708 | 264,596 |
| Total equity attributable to owners of the parent | 286,332 | 277,199 |
| Non-controlling interests | 3,112 | 1,260 |
| Total Equity | 289,444 | 278,459 |
| LIABILITIES | As at March 31, 2026 Audited | As at March 31, 2025 Audited |
|---|---|---|
| Non-current liabilities | ||
| Financial liabilities | ||
| – i. Borrowings | 41,722 | 25,869 |
| – ii. Lease liabilities | 1,381 | 2,035 |
| – iii. Trade payables | – | – |
| a) Total outstanding dues of micro and small enterprises | – | – |
| b) Total outstanding dues of creditors other than (iii)(a) above | 884 | 556 |
| – iv. Other financial liabilities | 18,868 | 17,336 |
| Deferred tax liabilities (net) | 1,262 | 6,198 |
| Provisions | 1,089 | 485 |
| Total Non-Current Liabilities | 65,206 | 52,479 |
| Current liabilities | ||
| Financial liabilities | ||
| – i. Borrowings | 104,621 | 64,579 |
| – ii. Lease liabilities | 676 | 544 |
| – iii. Trade payables | – | – |
| a) Total outstanding dues of micro and small enterprises | 2,191 | 996 |
| b) Total outstanding dues of creditors other than (iii)(a) above | 102,320 | 78,166 |
| – iv. Other financial liabilities | 16,139 | 18,114 |
| Provisions | 1,788 | 1,729 |
| Current tax liabilities (net) | 3,824 | 1,020 |
| Other current liabilities | 86,048 | 168,858 |
| Total Current Liabilities | 317,607 | 334,006 |
| Total Liabilities | 382,813 | 386,485 |
| Total Equity and Liabilities | 672,257 | 664,944 |
| Particulars | Year ended March 31, 2026 Audited | Year ended March 31, 2025 Audited |
|---|---|---|
| A. Cash flows from operating activities | ||
| Profit before tax | 11,050 | 25,698 |
| Adjustments for: | ||
| Share of (Profit) / Loss from associates and joint ventures accounted for using the equity method (net of tax) | (302) | 1,093 |
| Depreciation and amortisation expense | 1,851 | 1,373 |
| Finance costs | 13,551 | 12,322 |
| Impairment loss on financial assets | 105 | 982 |
| Unwinding of financial instrument | (804) | (1,028) |
| Interest and dividend income classified as investing cash flows | (4,897) | (5,439) |
| Interest on income tax refund | (15) | (670) |
| Rental Income | (146) | (87) |
| Net gain in financial assets measured at fair value through profit and loss | (1,100) | (1,384) |
| Employee stock option expense | 2,376 | 1,592 |
| Liability written back | (436) | (2,402) |
| Loss on sale of property plant and equipment | 4 | – |
| Loss allowance on financial assets | 78 | 142 |
| Operating profit before working capital changes | 21,315 | 32,192 |
| Changes in working capital: | ||
| Decrease/(Increase) in inventories | 19,118 | (13,145) |
| (Increase)/Decrease in trade receivables | (25,632) | 1,924 |
| Increase in other financial assets | (5,037) | (497) |
| Decrease/(Increase) in other assets | 1,265 | (5,694) |
| Increase in trade payables | 25,739 | 17,711 |
| Decrease in other financial liabilities | (1,409) | (2,258) |
| Increase in provision | 569 | 363 |
| Decrease in other current liabilities | (82,810) | (27,579) |
| Cash used in operations | (46,882) | 3,017 |
| Taxes paid (net of refunds) | (4,023) | (4,156) |
| Net cash (used in)/generated from operating activities | (50,905) | (1,139) |
| B. Cash flows from investing activities | ||
| Loan repaid during the year | 9,100 | 1,575 |
| Loan given during the year | (3,632) | (6,347) |
| Payment for purchase of Property, Plant and equipment | (858) | (1,930) |
| Proceeds from disposal of property, plant and equipment | 52 | – |
| Payment for purchase of Investments | (40,998) | (5,133) |
| Consideration paid on acquisition of subsidiary net of cash acquired | – | (4,000) |
| Proceeds from acquired receivables | 4,789 | 6,986 |
| Investment made in joint venture | – | (34) |
| Proceeds from sale / redemption of Investments | 34,450 | 1,110 |
| Bank deposits placed | (134,996) | (73,326) |
| Bank deposits matured | 110,839 | 68,570 |
| Net (Increase)/ decrease in other current bank balances (other than bank deposits) | 2,222 | (1,232) |
| Interest and dividend received | 11,009 | 7,183 |
| Rental income received | 146 | 87 |
| Net cash flow used in investing activities | (7,877) | (6,491) |
| C. Cash flows from financing activities | ||
| Proceeds from equity shares issued (including securities premium) | 91 | 80,081 |
| Share issue expenses paid | – | (1,713) |
| Dividend paid | (1,890) | – |
| Transactions with non-controlling interest | 246 | 3 |
| Proceeds from borrowings (net of loan processing fees and issuance expenses) | 77,994 | 36,292 |
| Payment of lease liabilities (including interest) | (874) | (808) |
| Repayment of borrowings | (28,005) | (57,359) |
| Finance costs paid | (5,713) | (8,106) |
| Net cash flow generated from financing activities | 41,849 | 48,390 |
| Net (decrease) / increase in cash and cash equivalents (A+B+C) | (16,933) | 40,760 |
| Cash and cash equivalents at the beginning of the year | 63,754 | 22,994 |
| Cash and cash equivalents at the end of the year | 46,821 | 63,754 |
| Particulars | March 31, 2026 Audited | March 31, 2025 Audited |
|---|---|---|
| Addition to Right-of-use assets | 52 |