Man Infraconstruction Limited — Updates, 03-02-2025: Press Release

Man Infraconstruction Limited (MICL) has reported a record-breaking sales performance, achieving ₹1,509 crores in sales during the first nine months of FY25, a significant increase from ₹353 crores in the same period last year. Collections improved to ₹974 crores, up from ₹821 crores, boosted by the delivery of several key projects. The company is strategically realigning its portfolio, with a subsidiary relinquishing rights to a significant phase of its Dahisar project in favor of focusing on luxury developments.

MICL has expanded its global presence with the acquisition of two residential projects in Miami, adding 50,000 sq. ft. of saleable area. The company launched two new projects in Q4FY25 expected to generate approximately ₹1,600 crores in revenue, reinforcing its strong real estate pipeline of 2.5 million square feet across prime locations in Mumbai. Maintaining a net-debt-free position, MICL holds a cash balance of ₹560 crores, positioning itself favorably for future growth.