Man Infraconstruction Limited Declares Interim Dividend and Reports Q2 FY26 Financial Performance

Man Infraconstruction Limited (MICL), a leading construction and real estate firm in Mumbai, has unveiled its unaudited financial results for the quarter ending September 30, 2025. The Board of Directors has declared a second interim dividend of Rs. 0.45 per equity share, which is 22.50% on 40,36,66,505 equity shares with a face value of Rs. 2. Shareholders eligible for this dividend will be determined on November 18, 2025, and the payment is scheduled for December 02, 2025.

The company's standalone total income decreased to Rs 90.1 crore in Q2 FY26 from Rs 102.4 crore in Q2 FY25. This decline was primarily due to reduced revenue from operations, which fell to Rs 57.7 crore from Rs 70.6 crore in the same quarter of the previous year. Total expenses also saw a reduction, dropping to Rs 46.7 crore from Rs 57.7 crore.

Despite the drop in income, MICL's EBITDA (excluding other income) stood at Rs 11.1 crore compared to Rs 12.9 crore year-on-year (YoY). The EBITDA margin showed a slight improvement, increasing from 18.3% to 19.1%. Finance costs were recorded at Rs 1 crore, while depreciation and amortization expenses amounted to Rs 2.3 crore.

The company's profit before tax (PBT) was reported at Rs 40.2 crore, slightly lower than the Rs 41.8 crore recorded in Q2 FY25. After accounting for taxes amounting to Rs 10.1 crore, the profit after tax (PAT) was Rs 30.1 crore, down from Rs 32.7 crore in the same period last year. However, PAT margins improved to 33.4% from the previous year's 31.9%.

For the first half of FY26, MICL's PAT increased significantly to Rs 91.1 crore from Rs 74.6 crore in H1 FY25, reflecting strong profitability with PAT margins rising to 38.0% from the previous year's 32.2%. The total income for H1 FY26 was slightly higher at Rs 239.9 crore compared to Rs 231.5 crore in H1 FY25.

Manan Shah, Managing Director of MICL, stated: "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."

Future Prospects and Strategic Initiatives

Shah further commented on future prospects: "We continue to maintain healthy sales momentum from ongoing projects while upcoming launches are expected to further strengthen sales growth in the coming quarters." He highlighted that MICL is well-positioned to explore growth opportunities across high-potential micro-markets both domestically and internationally.

The company recently launched Artek Park at BKC, a luxurious residential project aimed at capitalising on the festive season demand surge.

MICL's strategic focus remains on enhancing profitability through sustained efforts and leveraging its strong balance sheet and liquidity position.