Man InfraConstruction Limited (MICL) has announced its financial results for the first quarter of FY27, reporting an 8% year-on-year increase in consolidated revenue from operations to ₹218 crore. Profit after tax attributable to shareholders grew by a substantial 29% year-on-year to ₹72 crore. The company highlighted a strong project pipeline and positive sales momentum, indicating confidence in achieving its growth targets.
Strong Start to FY27 for Man InfraConstruction
Man InfraConstruction Limited (MICL) has commenced the first quarter of FY27 on a robust note, delivering strong performance across key financial and operational parameters. The company reported consolidated revenue from operations growth of 8% year-on-year, reaching ₹218 crore for the quarter ending June 30, 2026.
Profitability Surges
Profit after tax attributable to shareholders saw a significant increase of 29% year-on-year, totaling ₹72 crore. This growth in profitability reflects the company’s healthy business operations and effective cost management. MICL also highlighted its strengthened balance sheet, with cash and cash equivalents surging to ₹768 crore as of June 2026, while total borrowing remained modest at ₹78 crore, underscoring its net debt-free status.
Key Project Highlights and Sales Performance
The company’s real estate portfolio continues to expand, with notable project developments and launches across Mumbai. Key highlights include progress at the Mira-Bhayendar project, with 50% of Aaradhya Parkwood receiving occupation certificates. The Jade Park project in Vile Parle has seen over 60% of its inventory sold. In Bandra, the ultra-luxury project Marina Vista has achieved 30% bookings within two months of its launch, with a total project potential of approximately ₹500 crore. MICL also secured a new project, Berkeley House, in Mount Mary. The company reported pre-sales of over 85,000 square feet, translating to around ₹290 crore in Q1 FY27. Looking ahead, MICL plans significant launches totaling 1.1 million square feet of carpet area, with an estimated GDV of ₹6,600 crore.
Future Outlook and Vision 2031
MICL reaffirmed its commitment to building a development portfolio with a cross-development value of over ₹35,000 crore by 2031. The company is targeting over 25% growth in profit after tax for FY27 compared to FY26 and aims for cumulative pre-sales of ₹5,000 crore over the next two years. The management expressed confidence in achieving these targets, driven by a strong launch pipeline and ongoing projects across premium residential markets in Mumbai.
EPC Segment Commentary
On the EPC front, MICL is in advanced negotiations for a significantly large order and anticipates announcing substantial numbers in the coming quarters. The company has an in-house construction portfolio valued at approximately ₹9,000-10,000 crore, which contributes to its overall financial strength.
Source: BSE
