India's Keystone Realtors Q2 revenue dips but JV income lifts profit

Keystone Realtors

04/11/2026 08:00

Overview
India real estate developer's Q2 consolidated revenue from operations dips to INR 4.97 bln
Q2 consolidated net profit rose to INR 1.0 bln

Outlook
Company did not provide specific guidance for future quarters or the full year in the press release

Result Drivers
ASSOCIATES AND JOINT VENTURES – H1 profit before tax benefited from INR 743.2 mln share of profit, versus a loss yr ago
HIGHER FINANCE COSTS – H1 finance costs roughly doubled, weighing on profit
INVENTORY MOVEMENT – Expenses benefited from a INR 380.4 mln inventory reduction, versus a INR 923.4 mln increase a year earlier

Company press release: ID:nBSE8kZFSc

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Consol Revenue from OPS
 
INR 4.97 bln
 
Q2 Consol Net Profit
 
INR 1 bln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "hold."
Wall Street's median 12-month price target for Keystone Realtors Ltd is ₹616.00, about 71.9% above its November 3 closing price of ₹358.35
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)