Dividend Paying Real Estate & Infra Stock Declares 4th Interim Dividend In FY24; Insights Here

Real Estate & Infra company Man Infraconstruction Ltd is one of the dividend-paying stocks that has been continuously rewarding its shareholders.

Along with announcement of Q3FY24 results, the board of directors of Man Infraconstruction considered and approved the proposal for the fourth interim dividend in the current financial year. The company board declared an interim dividend of ₹0.54 per share and fixed 15th February 2024 as the record date for finalization of the eligible shareholders for dividend payment.

Man Infraconstruction has posted a fall of 4.5 per cent to Rs 86.51 crore in the December 2023 quarter due to lower income. They reported a net profit of Rs 90.60 in the October-December period of preceding 2022-23 financial year.

In Q3FY24, The company's total income fell to Rs 261.34 crore as against Rs 471.77 crore in the year-ago period. However, the company managed to trim its expenses to Rs 149.07 crore from Rs 346.21 crore in the third quarter of FY23.

Last week, company announced that, their project 'Aaradhya OnePark in Ghatkopar Mumbai has achieved record sales of Rs 333 crore upon launch on Monday. the company announced the sales of nearly 25 per cent of its latest project in Ghatkopar East, Mumbai. The company was informed about the sales figures through an exchange filing during the session.

Man Infraconstruction is an integrated EPC (engineering, procurement & construction) company with experience and execution capabilities in port, residential, commercial, industrial and road construction segments with projects spanning across India.