Latest news with #ManInfraconstruction
Mint
28-05-2025
- Business
- Mint
Man Infraconstruction share price: Realty stock jumps after THIS acquisition update
Man Infraconstruction share price rose nearly 3 per cent in intraday trade on the BSE on Wednesday, May 28, in an otherwise weak market. Man Infraconstruction share price opened at ₹ 161.20 against its previous close of ₹ 160.60 and rose 3 per cent to an intraday high of ₹ 165.40. Around 2:20 PM, the realty small-cap stock traded 1.77 per cent higher at ₹ 163.45, looking set to snap its two-day losing run. Equity benchmark Sensex was 0.12 per cent down at 81,455 at that time. Man Infraconstruction's share price got traction after the company, though an exchange filing said its wholly-owned subsidiary, MICL Global, INC., acquired an additional 25 per cent of the membership interest in MICL TIGERTAIL LLC for $1 million on May 27 to carry out real estate development business. MICL TIGERTAIL LLC was incorporated in Miami, Florida, USA in June 2024 to carry out real estate development business. The company said it was not a related-party transaction. MICL TIGERTAIL LLC is an associate of MICL Global, INC, a wholly-owned subsidiary of Man Infraconstruction. "We wish to inform you that MICL TIGERTAIL LLC an associate of MICL Global, INC, a wholly owned subsidiary of the company have acquired an additional 25 per cent of the membership interest in the said LLC with effect from May 27, 2025," Man Infraconstruction said in an exchange filing on May 28. Man Infra's share price has been under pressure over the last year, losing nearly 16 per cent. It hit a 52-week high of ₹ 262.50 on December 30 last year and a 52-week low of ₹ 135.05 on March 17 this year. On a monthly scale, the stock has been in the green since March this year, rising almost 7 per cent in May so far after a 3 per cent gain in April and a half a per cent gain in March. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Business Standard
20-05-2025
- Business
- Business Standard
Man Infra ends higher after strong Q4 performance
Man Infraconstruction added 1.92% to Rs 542 after the company reported 50.2% rise in consolidated net profit to Rs 97.2 crore as revenue from operations remained flat at Rs 293.8 crore in Q4 FY25 over Q4 FY24. Total operating expenses for the period under review amounted to Rs 187.3 crore, down 24.2% YoY. EBITDA rose more than twofold to Rs 106.5 crore in the fourth quarter from Rs 49.6 crore recorded in the corresponding quarter last fiscal. Profit before tax in Q4 FY25 stood at Rs 40.6 crore, up by 47% from Rs 27.7 crore in Q4 FY24. For FY25, Man Infraconstruction has registered a consolidated net profit of Rs 312.8 crore (up 3.1% YoY) and revenue from operations of Rs 1,108.1 crore (down 12.30% YoY). Man Infraconstruction has two business verticals viz., EPC (engineering, procurement and construction) and real estate development. ManInfra has five decades of experience in EPC business and strong execution capabilities in ports, residential, commercial & industrial and road construction segments with projects spanning across India. As a real estate developer, ManInfra Group has delivered multiple residential projects in Mumbai and is recognized for its superior quality construction and timely project delivery.
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Business Standard
20-05-2025
- Business
- Business Standard
Man Infraconstruction Q4 results: PAT rises 50% to ₹97 crore on lower costs
Man Infraconstruction on Tuesday reported over 50 per cent growth in consolidated net profit to Rs 97.15 crore in the quarter ended March 31, 2025, helped by lower expenses. It had posted a net profit of Rs 64.65 crore in the January-March period of the preceding 2023-24 fiscal, the company said in an exchange filing. Man Infraconstruction trimmed its expenses to Rs 194.81 crore in the fourth quarter, from Rs 261.72 crore in January-March FY24. The board also declared the first interim dividend of Rs 0.45 per equity share having face value of Rs 2 each, for FY26.
Business Standard
20-05-2025
- Business
- Business Standard
Man Infraconstruction consolidated net profit rises 17.86% in the March 2025 quarter
Sales decline 0.99% to Rs 293.80 crore Net profit of Man Infraconstruction rose 17.86% to Rs 76.93 crore in the quarter ended March 2025 as against Rs 65.27 crore during the previous quarter ended March 2024. Sales declined 0.99% to Rs 293.80 crore in the quarter ended March 2025 as against Rs 296.74 crore during the previous quarter ended March 2024. For the full year,net profit declined 5.88% to Rs 282.72 crore in the year ended March 2025 as against Rs 300.39 crore during the previous year ended March 2024. Sales declined 12.30% to Rs 1108.07 crore in the year ended March 2025 as against Rs 1263.45 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 293.80296.74 -1 1108.071263.45 -12 OPM % 36.2416.73 - 27.1225.83 - PBDT 137.8779.87 73 408.98407.17 0 PBT 135.5477.21 76 400.66397.22 1 NP 76.9365.27 18 282.72300.39 -6
Mint
20-05-2025
- Business
- Mint
Man Infraconstruction Q4 results: Net profit rises 50% to ₹97.15 crore, announces ₹0.45 interim dividend
Man Infraconstruction, on Tuesday, announced its financial results for the quarter ended on March 31, 2025. The construction company posted 50 per cent year-on-year (YoY) jump in net profit to ₹ 97.15 crore in the fourth quarter FY25 as compared to ₹ 64.65 crore same period a year ago. Revenue from operation rose marginally to ₹ 294 crore in March quarter 2025. However, sequentially revenue saw a significant rise by 21 per cent from ₹ 242 crore. The construction company further declared its first interim dividend of ₹ 0.45 per share. 'Declared First Interim Dividend of Rs. 0.45 per equity share (i.e. 22.5%) on 37,52,89,565 Equity Shares having Face Value of Rs. 2/- each, for the Financial Year 2025-26,' the company said in an exchange filing. The company achieved total sales of ₹ 2,251 crore in FY25, marking a threefold jump compared to FY24 sales of ₹ 744 crore. Q4 FY25 alone contributed ₹ 743 crore, reflecting a 90 per cent year-on-year growth, it said. Collections increased to ₹ 1,270 crores for FY25, up from ₹ 1,197 crores in FY24 driven by the delivery of multiple projects during the year and strong execution capabilities across ongoing developments. 'FY25 was a record-breaking year for MICL, achieving ₹ 2,250 crore in sales reflecting market's strong trust in our projects. Backed by a strong pipeline of upcoming launches, EPC projects and global expansion, we are well positioned for sustained growth and committed to deliver excellence and value to our stakeholders,' said Manan Shah, Managing Director of Man Infraconstruction Limited. MICL Group launched 2 new projects in Q4FY25, with a combined revenue potential of ₹ 1,600 crore. These projects have already generated around ₹ 700 crore in sales within a short span since their launch. The company plans to launch multiple new projects of around 7.4 lakh sq. ft. of carpet area in FY26, with an estimated sales potential of ₹ 3,400 crores. 'These upcoming launches are located in some of Mumbai's most sought-after micro markets - Marine Lines, BKC and Pali Hill (Bandra W) which are expected to drive sales visibility and further enhance MICL's market's presence,' the company said.
