New Launch3 Feb 2025, 07:31 pm
MAN INFRACONSTRUCTION LTD. Achieves Record-Breaking Sales of ₹1,509 Crores in 9mFY25
AI Summary
Man Infraconstruction Limited (MICL), a leading construction and real estate development company, has announced its financial results for Q3 & 9mFY25. The highlights include record-breaking sales of ₹1,509 crores, a surge in collections to ₹974 crores, and strategic portfolio realignment focusing on the luxury segment. MICL also expanded globally with two new residential projects in Miami, Florida. The company launched two new projects in Q4FY25 and has a strong real estate pipeline across iconic locations in MMR.
Key Highlights
- MICL achieved record-breaking sales of ₹1,509 crores in 9mFY25
- Collections rose to ₹974 crores for 9mFY25
- Man Vastucon LLP, a subsidiary of MICL, relinquished the development rights of ~9.2 lakh sq. ft. of carpet area pertaining to Dahisar - Phase 3 project
- MICL Global acquires 2 new residential projects in Miami, Florida
- Launched 2 new projects in Q4FY25 with a total revenue potential of ~₹1,600 crores