Mumbai-Based Real Estate Company Declares 22.5% 2nd Interim Dividend For FY26; Here’s When You’ll Get Paid

One of Mumbai's top construction and real estate development firms, Man Infraconstruction Limited (MICL), has released its unaudited financial results for the quarter that ended on September 30, 2025 (Q2 & H1FY26).

For the fiscal year 2025-2026, the Board of Directors has announced a second interim dividend of Rs. 0.45 per equity share (i.e., 22.50%) on 40,36,66,505 equity shares with a face value of Rs. 2. According to Man Infraconstruction, the record date for figuring out shareholders' entitlement to the aforementioned payout has been set at Tuesday, November 18, 2025, and the dividend will be paid or dispatched on Tuesday, December 02, 2025.

The company's standalone total income dropped from Rs 102.4 crore in Q2 FY25 to Rs 90.1 crore in Q2 FY26, mostly as a result of lower revenue from operations of Rs 57.7 crore compared to Rs 70.6 crore in the same quarter of the previous fiscal.

Total expenses reduced to Rs 46.7 crore from Rs 57.7 crore, leading to an EBITDA (excluding other income) of Rs 11.1 crore as against Rs 12.9 crore YoY. The EBITDA margin increased slightly from 18.3% to 19.1%. The finance cost was Rs 1 crore, while the depreciation and amortization expense was Rs 2.3 crore.

According to the firm, its profit before tax (PBT) was Rs 40.2 crore, which was slightly less than Rs 41.8 crore in the second quarter of FY25. The firm reported a profit after tax (PAT) of Rs 30.1 crore after deduction tax of Rs 10.1 crore, up from Rs 32.7 crore in the same period last year. PAT margins increased to 33.4% from 31.9%. PAT climbed to Rs 91.1 crore in H1 FY26 from Rs 74.6 crore in H1 FY25, demonstrating strong profitability with PAT margins growing to 38.0% from 32.2% a year earlier. Total income for H1 FY26 was Rs 239.9 crore on a half-yearly basis, slightly higher than Rs 231.5 crore in H1 FY25.

Manan Shah, Managing Director of Man Infraconstruction Limited said, "Our financial performance for the quarter remained strong as the consolidated PAT for Q2FY26 grew by 24% YoY and reported a healthy PAT margin of 29.5%. With a focused approach on bottom-line, MICL has improved profitability on consolidated levels in a sustained manner. At the onset of festive season, MICL Group launched one of its marquee luxurious residential project - Artek Park at BKC."

"We continue to maintain healthy sales momentum from ongoing projects, while upcoming launches are expected to further strengthen sales growth in the coming quarters. Backed by a strong balance sheet and comfortable liquidity, MICL remains well positioned to explore growth opportunities across high-potential micro-markets in both domestic and international region," he further added.