Man Infraconstruction (MICL Group) announced a strategic realignment of its real estate portfolio, by sharpening its focus on the luxury projects across Mumbai. As part of this strategic shift, MICL Group has divested from phase 3 of the project located near Dahisar in Mira road. This divestment represents a strategic move to focus more efficiently towards our upcoming luxury projects in Mumbai's prime locations like Pali Hill (Bandra), BKC, Vile Parle, and Marine Lines. Man Vastucon LLP a subsidiary of Man Infraconstruction Limited, has successfully delivered the first phase ' 'Aaradhya Highpark', comprising 6.5 lakh square feet of carpet area which is almost sold out. The second phase, 'Aaradhya Parkwood,' spanning 5.3 lakh square feet of carpet area is currently under development and has also achieved remarkable sales. Man Vastucon has agreed to relinquish balance Development Rights pertaining to Phase 3 of the above project. Commenting on this decision, Manan Shah, Managing Director of MICL Group, said, 'This transaction is set to positively impact the cash flow, reduce costs, and enhance the overall profitability of the project. This divestment is also a strategic move to focus more efficiently towards our upcoming luxury projects in Mumbai's prime locations.' Powered by Capital Market - Live

Revenue increased by 6.98% YoY to Rs 230.32 crore in the quarter ended 30 september 2024. On the segmental front, real estate revenue was Rs 154.74 crore (up 65.71% YoY) and EPC revenue was Rs 75.91 crore (down 45.85% YoY). EBITDA excluding other income decreased by 57.53% to Rs 27.6 crore in Q2 FY25 from Rs 65 crore in Q2 FY24. EBITDA margin reduced to 12% in Q2 FY25 as against 30.2% in Q2 FY24. On half year basis, the company's consolidated net profit fell 19.76% to Rs 122.03 crore in H1 FY25 as compared to Rs 152.09 crore recorded in H1 FY24. Revenue from operations decreased 21.10% YoY to Rs 571.94 crore in H1 FY25. The company said that it achieved remarkable sales of Rs 900 crore in H1FY25, up 282% YoY from Rs 235 crore in H1FY24. The collections for H1FY25 surged to Rs 670 crore, compared to Rs 465 crore in the same period last year. This growth was primarily driven by the successful delivery of multiple projects during the first half of FY25. MICL has achieved a major sales milestone with the complete sell-out of its 'Aaradhya OneEarth' project in Ghatkopar East, just four years after its launch. The project, which boasts a carpet area of approximately 4.9 lakh sq. ft. and a total construction area of around 14 lakh sq. ft., was successfully delivered in January 2024. First cluster development in Vile Parle West located on a prime around 3.0 acre plot along S.V. road is set to launch soon. The project will feature 10 towers with a saleable carpet area of approximately 3.5 lakh sq. ft. and has already secured the commencement certificate. The firm continues to be Net-Debt Free with cash and bank balance of Rs 520 crores at consolidated levels providing considerable strength for future growth. MICL's total investments surpasses 1,000 crore in its Real Estate Projects. Manan Shah, managing director of Man Infraconstruction, said, MICL's commitment to timely delivery remains unmatched, with all our projects consistently completed ahead of schedule. H1FY25 bookings have already exceeded the total sales of FY24, underscoring strong demand and our solid market position. MICL have achieved impressive sales in H1FY25 from its ongoing projects and completed projects, such as Aaradhya OneEarth, Aaradhya Evoq and Atmosphere O2, with nearly all inventory sold out. Looking ahead, we have a robust pipeline of launches planned for H2FY25 and the next fiscal. With a growing portfolio of 5.7 million sq. ft. and a healthy balance sheet, MICL is well-positioned to support sustained growth. At MICL, the best is yet to come. Man Infraconstruction has two business verticals viz., EPC (engineering, procurement and construction) and real estate development. ManInfra has five decades of experience in EPC business and strong execution capabilities in ports, residential, commercial & industrial and road construction segments with projects spanning across India. As a real estate developer, ManInfra Group has delivered multiple residential projects in Mumbai and is recognized for its superior quality construction and timely project delivery. Powered by Capital Market - Live

Net profit of Man Infraconstruction declined 36.05% to Rs 44.54 crore in the quarter ended September 2024 as against Rs 69.65 crore during the previous quarter ended September 2023. Sales rose 6.98% to Rs 230.32 crore in the quarter ended September 2024 as against Rs 215.29 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales230.32215.29 7 OPM %11.9729.78 - PBDT65.0185.21 -24 PBT63.0082.88 -24 NP44.5469.65 -36 Powered by Capital Market - Live

Man Infraconstruction will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

Man Infraconstruction announced the successful acquisition of the Commencement Certificate (CC) for its highly anticipated Vile Parle project. This key milestone sets the stage for the formal launch of the project, which is expected to take place shortly after securing the necessary RERA approvals. Located on Swami Vivekanand (S.V.) road the project offers excellent connectivity to nearby schools, colleges, hospitals, railway station, airport, beach and entertainment hubs. This is the first cluster development of Vile Parle West and yet another successful cluster development by MICL Group. The Vile Parle project spread over 3 acres comprise 10 residential towers, each 15 storeys high. It offers a total carpet area for sale of approximately 3.5 lakh sq. ft.featuring premium 2 BHK, 3 BHK and 4 BHK residential spaces. The project has total estimated sale potential of over ₹1,200 crores. The project is executed through a JV entity of MICL Group under asset-light Development Management (DM) model.Powered by Capital Market - Live

Man Infraconstruction (MICL Group) has secured the Occupancy Certificate (OC) for the F-wing of its prestigious Atmosphere O2 project in Mulund West, Mumbai within ~3.5 years of its launch. This milestone is part of MICL Group's consistent track record, having successfully delivered 2.8 million square feet of carpet area ahead of schedule, showcasing its expertise and commitment to timely project completion. The Atmosphere O2 project spans ~7.2 lakh square feet of RERA carpet area and 18.6 lakh square feet of construction area, featuring three 47-storey residential towers and an 18-storey commercial tower. The project with a revenue potential of about Rs. 1,650 crore is almost sold out and has made a total collection of about Rs. 1475 crore as of Sep-24 from its bookings. This reflects the overwhelming demand and confidence that buyers have placed in MICL Group's premium offerings. Following the resounding success of Atmosphere (Phase 1), Atmosphere O2 has emerged as one of the most sought-after gated community projects in Nahur, Mulund West. Launched in November 2019, MICL Group delivered Towers D & E in September 2023, followed by the completion of Tower F in September 2024.Powered by Capital Market - Live

Man Infraconstruction announced that Aaradhya Evoq marks the completion of MICL Group's 19th real estate project (including phases), all of which have been delivered ahead of schedule. To date, MICL Group has successfully delivered 2.6 million square feet of carpet area, a testament to the group's expertise and commitment in delivering projects before time. Aaradhya Evoq, the luxury residential project located in the prestigious neighbourhood of Juhu, Mumbai was completed in an impressive time frame of less than 2.5 years from its launch, further cementing MICL Group's commitment to timely project execution and customer satisfaction. With a total carpet area of around 60,000 square feet available for sale and revenue potential of about Rs. 250 crore, the project has already sold out nearly 85% of its residences and made a total collection of over Rs. 165 crore.Powered by Capital Market - Live

Man Infraconstruction has allotted 9,37,760 equity shares on conversion of warrants on receipt of an amount aggregating to Rs. 10.90 crore at the rate of Rs 116.25 per warrant (being 75% of the issue price per warrant). Post allotment, the paid up equity share capital has increased to Rs. 74,43,76,330/-(37,21,88,165 equity shares of face value of Rs. 2/- each fully paid up). Powered by Capital Market - Live

Man Infraconstruction announced that MICL Estates LLP (wherein the Company's holding was 99.99%) has ceased to be a subsidiary of the Company with effect from 27 August 2024, on account of disposal of entre partnership interest by the Company in the said LLP. Powered by Capital Market - Live

Man Infraconstruction announced that the Board of Directors of the Company at its meeting held on 6 August 2024, inter alia, have recommended the first interim dividend of Rs 0.45 per equity Share (i.e. 22.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live