Man Infraconstruction reported an 8.7% year-on-year increase in consolidated net profit to ₹65.2 crore for the September quarter, compared with ₹60 crore in the corresponding period last year.
Revenue rose 57.2% to ₹266 crore from ₹169 crore a year earlier, according to the company’s exchange filing.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 41.4% year-on-year to ₹80.6 crore from ₹57 crore. However, the EBITDA margin narrowed to 30.3% from 33.7% in the year-ago quarter.
The real estate segment drove revenue growth, reporting revenue of ₹203.21 crore, compared with ₹106.87 crore a year earlier. Segment results stood at ₹57.18 crore, marginally lower than ₹57.28 crore in the corresponding quarter last year.
The engineering, procurement and construction (EPC) segment reported revenue of ₹62.98 crore, broadly unchanged from ₹63.10 crore in the year-ago period. However, segment results rose to ₹28.58 crore from ₹15.47 crore.
Projects, buyback and development pipeline
Man Infraconstruction said its project portfolio was positioned for the next phase of growth. Excluding projects launched in the current financial year, its ongoing projects are about 65-70% sold and are expected to approach completion over the next six to 15 months.
The company expects progress towards completion to support revenue recognition, profitability and cash flows in the coming quarters.
During the quarter, the company announced an open-market share buyback with a maximum size of ₹169 crore. It has completed 75.2% of the maximum approved buyback size, it said.
The company also highlighted its collaboration with Godrej Properties Group to develop its Marine Lines project. Through the arrangement, Man Infraconstruction has recouped investments of more than ₹300 crore and will continue to benefit from a revenue-sharing arrangement linked to the project.
Man Infraconstruction targets ₹5,000 crore in pre-sales
Man Infraconstruction said it has a pipeline of projects in prominent Mumbai locations, including South Mumbai and Bandra, with an estimated gross development value (GDV) of more than ₹9,500 crore.
The pipeline includes Tardeo 2.0, Marine Lines and Berkeley House at Bandstand. The company expects these developments to support sales in the coming quarters.
Man Infraconstruction remains confident of achieving its combined pre-sales target of ₹5,000 crore over FY27 and FY28, supported by its focus on premium locations, project execution and its development pipeline.
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