| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 145.52 | 5.1% | 50.5% |
| Total Income | 186.89 | 2.6% | 43.0% |
| Expenditure | 133.22 | 5.5% | 31.6% |
| PBT | 53.67 | 18.1% | 59.6% |
| Net Profit | 41.04 | 20.5% | 57.8% |
| OPM | 13.01% | 8.36pp | 23.23pp |
| NPM | 21.96% | 4.95pp | 7.68pp |
| EPS | 1.06 | 8.6% | 48.3% |
MICL Q4 PAT ₹43 Cr, FY26 PAT ₹201 Cr; Targets ₹35,000 Cr GDV by 2031
13 May 2026 · 13 May, 4:42 pm
Summary
Man Infraconstruction Limited (MICL Group) announced strong financial results for the fourth quarter and full financial year ended March 31, 2026. For FY26, the company achieved sales of ~₹1,800 crores, with revenue from operations reaching ₹630 crores and a Profit After Tax (PAT) of ₹201 crores, representing a healthy PAT margin of 25.3%. In Q4FY26, sales stood at ₹438 crores, while revenue from operations was ₹146 crores, resulting in a PAT of ₹43 crores with a 22.9% margin. The company maintained its net debt-free status and concluded the year with consolidated liquidity of ₹686 crores. Management expressed a positive outlook, noting FY27 has begun strongly and targeting the best-ever real estate sales, alongside an ambition to double their development portfolio to ₹35,000+ crores by 2031.
Key Highlights
- 1
Man Infraconstruction Limited reported full year FY26 sales of ~₹1,800 crores and collections of ₹990 crores, having sold over 5 lakh sq. ft. of carpet area during the year.
- 2
For Q4FY26, the company recorded sales of ₹438 crores and collections of ₹279 crores with the sale of 1.2 lakh sq. ft. of carpet area.
- 3
Revenue from Operations for FY26 stood at ₹630 crores, while Profit After Tax (PAT) after Minority Interest was ₹201 crores, reflecting a healthy PAT Margin of 25.3%.
- 4
In Q4FY26, Revenue from Operations was ₹146 crores, and PAT after Minority Interest stood at ₹43 crores, yielding a PAT Margin of 22.9%.
- 5
The company maintained a Net Debt-Free status and reported consolidated liquidity of ₹686 crores as of March 2026.
- 6
MICL Group's real estate portfolio now stands at over ₹17,575 crores of estimated Gross Development Value (GDV), with balance sales visibility exceeding ₹13,300 crores.
- 7
As part of its Vision 2031 roadmap, MICL aims to double its development portfolio to ₹35,000+ crores and targets ambitious sales of over ₹5,000 crores in FY27 and FY28.
Management Comments
Manan Shah
FY26 was an important year for the company with marquee project acquisitions, strong sales and also marked an end to the consolidation phase of its ongoing real estate projects. FY27 has begun on a strong note and we target to achieve the best ever real estate sales. MICL Group is now at the inflection point where we would be a having significant share of revenue recognition in the upcoming years, highest ever launch pipeline in FY27 and a strong sales ambition set over the next 2 years from its ongoing and upcoming developments. During the year, the Company also deepened its presence in South Mumbai through new project addition at Tardeo. Our real estate portfolio now stands at over ₹17,575 crores of estimated GDV with balance sales visibility of more than ₹13,300 crores; supported by ongoing and upcoming developments across Tardeo, Marine Lines, BKC, Bandra, Vile Parle, Mulund, Ghatkopar & Dahisar. As part of our Vision 2031 roadmap, we aim to double our development portfolio to ₹35,000+ crores through sustained business development and strategic expansion across the city’s most distinguished addresses. We believe MICL is entering its next phase of growth. What’s coming will redefine the company.
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