India, Aug. 5 -- Mumbai-based real estate developer Keystone Realtors Ltd, also known as Rustomjee Group, reported its highest-ever quarterly pre-sales of Rs.1,068 crore in Q1FY26, up 75% year-on-year. However, its consolidated net profit fell 44% to Rs.14.51 crore from Rs.25.82 crore in the same quarter last year.

Total income dropped to Rs.288.64 crore in Q1FY26 from Rs.437.20 crore a year ago.

"Our company's net debt is zero, gross debt is above Rs.300 crore, we have launched several large-scale projects, and have a good pipeline. Our credit rating has improved from A to A+. The income and profit declined as it was not able to recognise revenue because of the project completion method. For new projects, the company is shifting to the...