Mumbai, February 3, 2025 – Man Infraconstruction Limited (NSE: MANINFRA, BSE: 533169) has announced its financial results for Q3 & 9mFY25, showcasing strong sales, strategic project expansions, and a robust balance sheet.
Key Financial Highlights (Q3 & 9mFY25)
| Particulars (₹ Cr.) | Q3 FY25 | Q3 FY24 | 9mFY25 | 9mFY24 | FY24 |
|---|---|---|---|---|---|
| Revenue from Operations | 242.3 | 241.8 | 814.3 | 966.7 | 1,263.5 |
| Real Estate Revenue | 156.2 | 127.8 | 537.5 | 354.7 | 530.4 |
| EPC Revenue | 86.1 | 114.0 | 276.8 | 612.0 | 733.1 |
| Other Income | 32.7 | 19.6 | 89.1 | 61.2 | 96.8 |
| Total Income | 275.0 | 261.3 | 903.4 | 1,028.0 | 1,360.2 |
| EBITDA Margin (%) | 44.0% | 42.5% | 26.7% | 28.6% | 25.8% |
| PAT | 84.0 | 86.5 | 215.7 | 238.7 | 303.3 |
| PAT Margin (%) | 30.5% | 31.8% | 22.8% | 22.9% | 22.1% |
Operational and Strategic Highlights
1. Strong Sales and Collection Growth
- Sales in Q3FY25 reached ₹608 crore, with total 9mFY25 sales hitting ₹1,509 crore, marking the highest-ever in MICL’s history.
- Collections rose 19% YoY to ₹974 crore for 9mFY25 from ₹821 crore in 9mFY24.
- Significant sales volume increase with 4.6 lakh sq. ft. carpet area sold in 9mFY25 compared to 1.4 lakh sq. ft. in the previous year.
2. Strategic Portfolio Realignment
- MICL's Man Vastucon LLP relinquished 9.2 lakh sq. ft. carpet area for the Dahisar - Phase 3 project to its landowners, optimizing its focus on high-margin luxury projects.
3. Expansion into Ultra-Luxury and High-Growth Segments
- New project launches:
- JadePark (Vile Parle West) – ₹1,200 crore revenue potential.
- Aaradhya Parkwood (Dahisar) – ₹400 crore revenue potential.
- Upcoming projects across premium locations: Marine Lines (₹2,100 crore), Goregaon (₹4,000 crore), BKC (₹800 crore), and Pali Hill (₹500 crore).
4. Global Expansion
- MICL Global acquired two residential projects in Miami, Florida, adding 50,000 sq. ft. of saleable area, in collaboration with Marriott International.
Debt-Free and Strong Liquidity Position
| Financial Metric | Dec 2024 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| Net Debt | Net Cash Positive | Net Cash Positive | Net Cash Positive |
| Cash & Equivalents (₹ Cr.) | ₹560 | ₹741 | ₹308 |
| Total Borrowings (₹ Cr.) | ₹12.1 | ₹130.9 | ₹205.9 |
| Investment in Real Estate Projects (₹ Cr.) | ₹1,018 | ₹836 | ₹749 |
- The company continues to be net-debt-free, with ₹560 crore in cash reserves, providing a solid financial cushion for future expansions.
Management Commentary
Manan Shah, Managing Director, MICL, stated:Outlook for FY25 and Beyond
Key Growth Drivers
- Upcoming project pipeline of 2.5 million sq. ft. across Mumbai’s premium locations.
- Expansion into high-margin ultra-luxury residential projects.
- Strong order book of ₹627 crore in the EPC segment.
- International expansion in Miami, USA, strengthening global presence.
Investor Takeaways
- Strong financial health with zero net debt.
- Highest-ever sales performance driven by high-value real estate projects.
- Expanding luxury real estate footprint, ensuring higher profit margins.
- Global expansion strategy diversifying revenue streams.
Contact Information
Investor Relations:- Man Infraconstruction Limited – Mr. Yashesh Parekh
Email: [email protected] | Mob: +91-8108321555 - Go India Advisors – Mrs. Sheetal Khanduja
Email: [email protected] | Mob: +91-9769364166.
Conclusion
With a record-breaking performance in 9mFY25, MICL has solidified its position as a leading real estate and EPC player. Its luxury-focused strategy, expanding project portfolio, and international ventures set the stage for continued revenue growth and profitability in the coming years.