MICL Group Reports Strong Q1 FY27 Results; Profit After Tax Grows 29% YoY
Man Infraconstruction Limited (MICL Group), a major player in Mumbai's construction and real estate development sector, announced its un-audited financial results for the quarter ended June 30, 2026. The company reported robust performance during Q1 FY27, driven by solid operational execution and strong market traction.Profit after tax after minority interest saw a significant increase of 29% year-on-year (YoY), reaching ₹71.6 crore, reflecting the resilience of the business model and improving earning momentum within the construction group.
Manan Shah, Managing Director of Man Infraconstruction Limited, highlighted that Q1 FY27 marked a strong beginning. He stated that the company currently possesses the largest-ever launch pipeline totaling over ₹6,600 crore across key developments located in Pali Hill, Marine Lines, Tardeo, Mulund, and Bandra.
The estimated Gross Development Value (GDV) of MICL's real estate portfolio currently stands at over ₹18,125 crore, establishing a strong foundation for sustained growth and substantial revenue visibility moving forward. The company has set a combined sales ambition of over ₹5,000 crore across FY27 and FY28, maintaining focus on converting the development pipeline into consistent sales and cash flows. As part of its Vision 2031 roadmap, MICL aims to double its development portfolio to exceed ₹35,000 crore through strategic expansion in Mumbai's prime locations.
Key Q1 FY27 Financial Highlights
The consolidated financials for the quarter showcased healthy growth across key metrics:| Metric | Value (Q1 FY27) | Change YoY |
|---|---|---|
| Revenue from Operations | ₹218.3 crores | 8% |
| Total Income | ₹234.9 crores | 4% |
| Profit After Tax (PAT) after Non-Controlling Interest | ₹71.6 crores | 29% |
| PAT Margin after Non-Controlling Interest | 30.5% | Up from 24.6% in Q1 FY26 |
Operational Milestones and Developments
The operational execution in the residential portfolio remained strong during the quarter. The company achieved sales totaling ₹290 crore, with collections amounting to ₹244 crore, corresponding to the sale of 0.9 lakh sq. ft. of carpet area.Several significant projects were highlighted as milestones for MICL Group:
- Aaradhya Parkwood Towers C & D: These towers were delivered in 45 months, ahead of schedule, with an Occupancy Certificate received in June 2026. The project is reported to be over 90% sold.
- Marina Vista, Pali Hill, Bandra West: This ultra-luxury development, boasting a GDV of over ₹500 crore, achieved a 30% pre-sales commitment at launch.
- Berkeley House: The company secured the Intent to Acquire (IOA) for this ultra-luxury sea-view development located off Bandstand, which holds a potential GDV exceeding ₹1,000 crore and further strengthens MICL's portfolio in Bandra.
About Man Infraconstruction Limited
ManInfra is headquartered in Mumbai and operates two core business verticals: EPC (Engineering, Procurement and Construction) and Real Estate Development. With six decades of experience in the EPC sector, the company possesses strong execution capabilities across Ports, Residential, Commercial & Industrial projects, and Road construction segments throughout India. As a Real Estate Developer, ManInfra Group is recognized for delivering superior quality construction and timely project delivery within Mumbai.MANINFRA Stock Price Movement
Man Infraconstruction Limited shares slipped by 3.02% on Wednesday, settling at ₹108.55. The stock saw a trading volume of 5.03 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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