Man Infraconstruction Q2 FY27 PAT Up 14% YoY to ₹63 Cr; H1 FY27 PAT Up 21% to ₹134 Cr
Man Infraconstruction Limited reported a 14% YoY increase in Q2 FY27 consolidated PAT to ₹63 crores and a 21% YoY increase in H1 FY27 PAT to ₹134 crores. Revenue from operations grew 57% YoY to ₹266 crores in Q2 FY27. The company is undertaking an open-market buyback of ₹169 crores and has a project pipeline with an estimated GDV of over ₹9,500 crores.
The announcement details significant financial performance improvements, a substantial project pipeline, and strategic corporate actions like a buyback and a major development collaboration, all of which are expected to have a considerable impact on the company's future.
The company reported strong year-on-year growth in revenue, EBITDA, and profit after tax for both the quarter and half-year ended September 30, 2026. Positive commentary on future growth, project pipeline, and a successful collaboration further support the positive sentiment.
Man Infraconstruction Limited (MICL Group) announced its financial results for the quarter and half year ended September 30, 2026. The company reported a consolidated profit after tax (PAT) after non-controlling interest of ₹63 crores for Q2 FY27, a 14% year-on-year growth. For H1 FY27, the consolidated PAT grew by 21% year-on-year to ₹134 crores.
Revenue from operations for Q2 FY27 saw a significant 57% YoY growth, reaching ₹266 crores, with total income growing 51% YoY to ₹283 crores. EBITDA for the quarter grew by 41% YoY to ₹81 crores. For H1 FY27, revenue from operations grew 30% YoY to ₹484 crores, total income grew 25% YoY to ₹518 crores, and EBITDA grew 29% YoY to ₹152 crores.
The company stated that its ongoing projects, excluding newly launched ones, are approximately 65-70% sold and are expected to approach completion over the next 6-15 months, which should lead to higher revenue recognition, profitability, and cash flows. MICL Group also announced an open-market buyback of up to ₹169 crores and has completed 75.2% of this buyback. Additionally, the company collaborated with Godrej Properties Group for the development of the Marine Lines Project, recovering investments of over ₹300 crores and entering into a revenue-sharing arrangement.
Manan Shah, Managing Director, expressed confidence in the business and reiterated the guidance of approximately 25% growth in PAT over FY26. The company has a pipeline of projects in South Mumbai and Bandra with an estimated Gross Development Value of over ₹9,500 crores, including Tardeo 2.0, Marine Lines, and Berkeley House at Bandstand. MICL Group anticipates achieving a combined pre-sales guidance of ₹5,000 crores over FY27 and FY28.
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Man Infraconstruction Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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