Integrated Filing — IndAS



General information about company

Scrip Code 543669
NSE Symbol RUSTOMJEE
MSEI Symbol NOTLISTED
ISIN INE263M01029
Name of company KEYSTONE REALTORS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 04-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Real Estate and allied activities
Start date and time of board meeting 04-02-2026   12:30:00
End date and time of board meeting 04-02-2026   15:40:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 26,617.00 1,03,857.00
Other income 2,778.00 6,492.00
Total income 29,395.00 1,10,349.00
2 Expenses
(a) Cost of materials consumed 42,254.00 1,01,088.00
(b) Purchases of stock-in-trade 0.00 200.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (25,704.00) (29,739.00)
(d) Employee benefit expense 3,777.00 11,771.00
(e) Finance costs 2,326.00 4,614.00
(f) Depreciation, depletion and amortisation expense 389.00 1,206.00
(f) Other Expenses
1 Other Expenses 5,142.00 16,475.00
Total other expenses 5,142.00 16,475.00
Total expenses 28,184.00 1,05,615.00
3 Total profit before exceptional items and tax 1,211.00 4,734.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,211.00 4,734.00
6 Tax expense
7 Current tax (42.00) 999.00
8 Deferred tax 582.00 193.00
9 Total tax expenses 540.00 1,192.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 671.00 3,542.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method (163.00) (412.00)
16 Total profit (loss) for period 508.00 3,130.00
17 Other comprehensive income net of taxes (108.00) (173.00)
18 Total Comprehensive Income for the period 400.00 2,957.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 338.00 2,644.00
Total profit or loss, attributable to non-controlling interests 170.00 486.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (107.00) (172.00)
Total comprehensive income for the period attributable to owners of parent non-controlling interests (1.00) (1.00)
21 Details of equity share capital
Paid-up equity share capital 12,623.00 12,623.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.27 2.1
Diluted earnings (loss) per share from continuing operations 0.27 2.08
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.27 2.1
Diluted earnings (loss) per share from continuing and discontinued operations 0.27 2.08
24 Debt equity ratio 0.4500 0.4500
25 Debt service coverage ratio 1.5800 0.5800
26 Interest service coverage ratio 1.1100 1.7100
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The above unaudited consolidated financial results for the quarter ended December 31, 2025 of the Keystone Realtors Limited (''the Company'') and its subsidiaries (collectively ''the Group'') and its interest in associates, joint ventures and jointly controlled entities (refer annexure1), were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on February 4, 2026. 2. The above unaudited consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act, 2013, as amended, read with relevant rules thereunder. 3. The Group is exclusively engaged in the business of real estate and allied activities. This in the context of Indian Accounting Standard (Ind AS 108) “Operating Segments, constitutes single operating segment. The Group does not have operations outside India, hence geographical segment is not applicable. 4. During the previous quarter ended September 30, 2025, the company allotted 33,500 fully paid up, senior, secured, redeemable, listed, rated non-convertible debentures (NCDs) of INR100,000/- each amounting to INR 33,280 lakh (net of issuance expenses of INR 293 lakh and inclusive of premium on issue of INR 73 lakh) which has been listed on BSE Limited. The NCDs are secured against (i) a first ranking exclusive charge on unsold units, outstanding cash flows from sold units and related rights in Project Rustomjee Crown of its wholly owned subsidiary, Real Gem Buildtech Private Limited (RGBPL) (ii) a first ranking exclusive charge over the Debenture Redemption Account, ISRA (Interest Service Redemption Account) Amount and (iii) an irrevocable and unconditional corporate guarantee by RGBPL pursuant to the Deed of Guarantee. 5. The Government of India consolidated 29 existing Labour Laws into four new Labour Codes comprising of Code on Wages 2019, Industrial Relations Code 2020, Code on Social Security 2020, and Occupational Safety, Health and Working Conditions Code 2020 effective from November 21, 2025 (collectively referred to as codes). The Group has assessed and accounted for the financial implication of these changes mainly consisting of an increase in gratuity liability arising out of past service costs in the statement of profit and loss amounting to Rs. 233 Lakh for the quarter and nine months ended December 31, 2025. The Group continues to monitor the development pertaining to Labour codes including finalization of Central / State Rules and will evaluate the further impact if any based on such developments. 6. For the formula of calculation of ratio please refer PDF file of result uploaded on the Stock Exchange website.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of the defined benefit liabilities (105.00) (192.00)
2 Income tax effect 22.00 44.00
3 Share of other comprehensive losses of associates and joint ventures accounted for using the equity method (net of tax) (25.00) (25.00)
Total Amount of items that will not be reclassified to profit and loss (108.00) (173.00)
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (108.00) (173.00)