Keystone Realtors Limited (NSE:RUSTOMJEE) announced on 4 August 2026 that its board approved unaudited consolidated and standalone financial results for the quarter ended 30 June 2026, with Price Waterhouse Chartered Accountants LLP issuing an unmodified limited review opinion on both sets of results.
Key Highlights
- The board met on 4 August 2026, commencing at 11:45 AM and concluding at 12:30 PM, to approve Q1 FY27 unaudited financial results on both consolidated and standalone bases.
- Fourteen reviewed subsidiaries and two jointly controlled entities contributed consolidated revenues of Rs. 37,245 lakh, net profit after tax of Rs. 5,112 lakh, and total comprehensive income of Rs. 5,108 lakh for the quarter.
- Forty-seven subsidiaries were not reviewed by their individual auditors; their combined interim revenue was Rs. 1,083 lakh and net loss after tax Rs. 158 lakh, which management assessed as not material to the Group.
- The company also amended its Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information under Regulation 8(2) of the SEBI PIT Regulations.
About the Company
Keystone Realtors Limited, branded as Rustomjee, is a Mumbai-based residential real estate developer listed on NSE under the ticker RUSTOMJEE. The company focuses primarily on mid-market and premium housing projects across the Mumbai Metropolitan Region, with operations spanning construction, project management, and related infrastructure through a network of over 60 subsidiaries and joint ventures.
Announcement in Detail
The board of Keystone Realtors Limited approved the unaudited consolidated and standalone financial results for the quarter ended 30 June 2026, in compliance with Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI Listing Regulations, 2015. The filing was submitted under the Integrated Filing framework per SEBI Circular dated 31 December 2024 and corresponding BSE and NSE circulars of 2 January 2025.
Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/N500016) conducted a limited review under SRE 2410 and issued an unmodified conclusion on both consolidated and standalone results. The consolidated results cover 14 reviewed subsidiaries and 2 jointly controlled entities, plus 47 unreviewed subsidiaries, 3 associates, and 7 joint ventures whose interim information management deemed immaterial to the Group.
Impact on Investors
Investors will note that the consolidated Group recorded net profit after tax of Rs. 5,112 lakh from the 14 reviewed subsidiaries and 2 jointly controlled entities for Q1 FY27. The filing shows that 47 subsidiaries remain unreviewed by their respective auditors, contributing a net loss of Rs. 158 lakh; the statutory auditor has not modified its conclusion on this basis, accepting management's assessment of materiality.
Shareholders will observe that no dividend, bonus, or other corporate action was declared at this board meeting. The amendment to the company's UPSI fair disclosure code under SEBI PIT Regulations is a compliance update and does not alter shareholder economic interests directly.
Sector / Market Context
India's residential real estate sector has seen sustained demand in the Mumbai Metropolitan Region, with housing registrations and new project launches remaining active through 2025-26 according to data published by the Maharashtra government's Inspector General of Registration. Regulatory compliance requirements under SEBI's Integrated Filing framework, effective from early 2025, apply uniformly to all listed real estate companies.