Man Infraconstruction Limited (MICL Group) announced robust financial results for the second quarter and first half of FY27. Consolidated profit after tax (PAT) rose 14% year-on-year to ₹63 crores for Q2 FY27. For the half-year, PAT grew an impressive 21% year-on-year to ₹134 crores, underscoring the company’s sustained profitable growth momentum.
MICL Group Reports Strong Financial Performance
Man Infraconstruction Limited (MICL Group), a prominent player in Mumbai’s construction and real estate sector, has declared its un-audited financial results for the quarter and half-year ended September 30, 2026. The company showcased significant growth in its profitability, reinforcing its business strategy and guidance.
Key Financial Highlights
According to Manan Shah, Managing Director of MICL, the company has maintained its profitable growth trajectory. Consolidated profit after tax, after accounting for non-controlling interest, increased by 14% year-on-year to ₹63 crores in the second quarter of FY27 (Q2FY27). For the first half of FY27 (H1FY27), PAT saw a substantial jump of 21% year-on-year, reaching ₹134 crores. This performance aligns with the company’s projected 25% growth in PAT over FY26.
Operational and Strategic Updates
MICL’s project portfolio is well-positioned for future growth, with ongoing projects approximately 65–70% sold and nearing completion within the next 6–15 months. This is expected to drive higher revenue recognition, profitability, and cash flows. The company also successfully executed an open-market buyback of ₹169 crores, completing 75.2% of the approved size. A significant milestone was achieved through the collaboration with Godrej Properties for the Marine Lines Project, where MICL recouped its investments of over ₹300 crores and will benefit from a revenue-sharing arrangement.
Future Outlook and Project Pipeline
MICL boasts a strong pipeline of marquee developments in iconic Mumbai locations, including South Mumbai and Bandra. These projects, with an estimated Gross Development Value exceeding ₹9,500 crores, are anticipated to generate further sales momentum. The company remains confident in achieving its combined pre-sales guidance of ₹5,000 crores over FY27 and FY28, driven by its focus on premium locations and disciplined execution.
Consolidated Financial Snapshot – Q2 & H1 FY27
Q2FY27
- Revenue from Operations grew by 57% YoY to ₹266 crores
- Total Income grew by 51% YoY to ₹283 crores
- EBITDA grew by 41% YOY to ₹81 crores
- PAT after Non-Controlling Interest grew by 14% YoY to ₹63 crores
H1FY27
- Revenue from Operations grew by 30% YoY to ₹484 crores
- Total Income grew by 25% YoY to ₹518 crores
- EBITDA grew by 29% YOY to ₹152 crores
- PAT after Non-Controlling Interest grew by 21% YoY to ₹134 crores
Operational Performance – Q2 & H1 FY27
The operational performance also showed positive trends:
- Q2 FY27: Area Sold: 1.1 Lakh sq. ft., Sales: ₹412 Crores, Collection: ₹355 Crores
- H1 FY27: Area Sold: 2.0 Lakh sq. ft., Sales: ₹702 Crores, Collection: ₹599 Crores
Source: BSE
