Mumbai, October 29, 2026: Man Infraconstruction Limited (MICL Group) reported a 14% year-on-year increase in consolidated profit after tax (PAT) after non-controlling interest to ₹63 crore for the quarter ended September 30, 2026, and a 21% rise to ₹134 crore for the half-year ended September 2026.
The company’s revenue from operations in Q2FY27 grew 57% year-on-year to ₹266 crore, while total income rose 51% to ₹283 crore. EBITDA for the quarter increased 41% to ₹81 crore. For H1FY27, revenue from operations was up 30% at ₹484 crore, total income climbed 25% to ₹518 crore, and EBITDA rose 29% to ₹152 crore.
Operational performance and sales pipeline
During Q2FY27, MICL sold 1.1 lakh sq. ft. with sales of ₹412 crore and collections of ₹355 crore. For the first half of FY27, the company sold 2.0 lakh sq. ft., achieving sales of ₹702 crore and collections of ₹599 crore.
Managing Director Manan Shah said the company’s ongoing projects, excluding those newly launched in FY27, are approximately 65–70% sold and are expected to approach completion over the next 6–15 months, which is anticipated to drive higher revenue recognition, profitability and cash flows.
Buyback and project collaborations
MICL announced an open-market buyback during the quarter with a maximum size of ₹169 crore, of which 75.2% has been completed. The company also collaborated with Godrej Properties Group for the development of the Marine Lines Project, recouping investments of over ₹300 crore and entering a revenue-sharing arrangement for the project.
Development pipeline and guidance
The group has a pipeline of projects in South Mumbai and Bandra, including Tardeo 2.0, Marine Lines, and Berkeley House at Bandstand, with an estimated gross development value exceeding ₹9,500 crore. MICL has maintained its combined pre-sales guidance of ₹5,000 crore over FY27 and FY28.
Man Infraconstruction Limited (NSE: MANINFRA, BSE: 533169) is headquartered in Mumbai and operates in engineering, procurement and construction (EPC) as well as real estate development, with projects across India.
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