Pre-sales (FY26)
₹1,800 crore
+438 crore Q4
Full year pre-sales of ₹1,800 crore; Q4 contributed ₹438 crore, driven by traction across multiple projects.
MANINFRACONSTRUCTION
Infrastructure
15 May 2026
Man Infraconstruction Ltd — Q4 FY26
Man Infraconstruction reported FY26 consolidated revenue of ₹630 crore and PAT of ₹201 crore, with Q4 revenue of ₹187 crore and PAT of ₹43 crore.
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
Man Infraconstruction reported FY26 consolidated revenue of ₹630 crore and PAT of ₹201 crore, with Q4 revenue of ₹187 crore and PAT of ₹43 crore. The year was a consolidation phase, with revenue recognition expected to accelerate as projects near completion. Management guided for 35-40% revenue growth in FY27, driven by a launch pipeline of ₹5,600 crore GDV and a two-year sales target of ₹5,000 crore. The company is pivoting toward ultra-luxury residential in South Mumbai and BKC, with a new brand 'MS Collection Residences'. Risks include potential demand slowdown from global uncertainty and inventory overhang in ultra-luxury, though management remains confident in absorption given their mid-luxury positioning.
मैन इन्फ्राकंस्ट्रक्शन ने वित्त वर्ष 2026 में कुल आय ₹630 करोड़ और शुद्ध लाभ ₹201 करोड़ दर्ज किया। चौथी तिमाही में आय ₹187 करोड़ और लाभ ₹43 करोड़ रहा। यह साल ठहराव का था, लेकिन प्रोजेक्ट पूरे होने पर आय तेजी से बढ़ने की उम्मीद है। कंपनी ने अगले वित्त वर्ष में 35-40% आय बढ़ोतरी का अनुमान लगाया है, जिसके लिए ₹5,600 करोड़ की नई परियोजनाएं लॉन्च होंगी और दो साल में ₹5,000 करोड़ की बिक्री का लक्ष्य है। अब कंपनी दक्षिण मुंबई और BKC में अल्ट्रा-लक्जरी आवासीय प्रोजेक्ट बनाएगी, जिसका नया ब्रांड 'MS Collection Residences' है। जोखिम में वैश्विक अनिश्चितता से मांग धीमी होना और अल्ट्रा-लक्जरी में अतिरिक्त स्टॉक शामिल है, लेकिन प्रबंधन को अपनी मिड-लक्जरी स्थिति के कारण बिक्री पर भरोसा है।
Key Numbers
Collections (FY26)
₹990 crore
+279 crore Q4
Collections of ₹990 crore for the year; Q4 collections were ₹279 crore, reflecting healthy cash inflows.
Carpet area sold (FY26)
5 lakh sq ft
+1.2 lakh sq ft Q4
Total carpet area sold in FY26 was 5 lakh sq ft; Q4 contributed 1.2 lakh sq ft.
Launch pipeline GDV (FY27)
₹5,600 crore
New launches
Management guided for launches worth ₹5,600 crore GDV in FY27, including projects at Marine Lines, Tardeo, and BKC.
Management Guidance
FY27 revenue growth of 35-40%
Management expects revenue to grow 35-40% in FY27 compared to FY26, driven by project completions and new launches.
Management guidance revenueTwo-year sales target of ₹5,000 crore (FY27-28)
Combined sales target of over ₹5,000 crore for FY27 and FY28, split roughly 50:50 between the two years.
Management guidance growthLaunch of 1 million sq ft carpet area in FY27
Target to launch nearly 1 million sq ft of carpet area across multiple projects in FY27.
Management guidance growthVision 2030: Double GDV to ₹35,000 crore
Aspiration to double the development portfolio to over ₹35,000 crore GDV by 2030 through strategic acquisitions and redevelopment.
Management guidance expansionKey Risks
Global uncertainty impacting consumer sentiment
Management acknowledged that global conditions are causing consumers to rethink purchases, potentially delaying launches or slowing sales.
medium · management_commentaryInventory overhang in ultra-luxury segment
An analyst raised concern about a sharp rise in ultra-luxury launches in South Mumbai creating inventory overhang over 3-5 years.
medium · analyst_questionRevenue recognition volatility from luxury projects
Shift toward larger luxury projects with longer completion timelines may cause fluctuations in revenue recognition and earnings visibility.
medium · analyst_questionFlat pricing environment in Mumbai
Management does not expect price appreciation, which could pressure margins if costs rise; they rely on volume and absorption.
low · management_commentaryNotable Quotes
We are not honestly bullish on the price hike happening in Mumbai because of the supply because of this war situation and stuff but we are confident on the absorption of the inventory that we are going to sell.
This year is a year full of launches where nearly 1 million square ft is what is targeted to be launched.
We are not making any exceptionally large apartments which we feel can become a bottleneck for the company to sell and which can have a hindrance on the cash flow in the near future.
Frequently Asked Questions
What was Man Infraconstruction's revenue in Q4 FY26?
Man Infraconstruction reported revenue of ₹630 Cr in Q4 FY26, representing a — change compared to the same quarter last year.
What guidance did Man Infraconstruction management give for FY27?
FY27 revenue growth of 35-40%: Management expects revenue to grow 35-40% in FY27 compared to FY26, driven by project completions and new launches. Two-year sales target of ₹5,000 crore (FY27-28): Combined sales target of over ₹5,000 crore for FY27 and FY28, split roughly 50:50 between the two years. Launch of 1 million sq ft carpet area in FY27: Target to launch nearly 1 million sq ft of carpet area across multiple projects in FY27. Vision 2030: Double GDV to ₹35,000 crore: Aspiration to double the development portfolio to over ₹35,000 crore GDV by 2030 through strategic acquisitions and redevelopment.
What are the key risks for Man Infraconstruction in FY27?
Key risks include Global uncertainty impacting consumer sentiment — Management acknowledged that global conditions are causing consumers to rethink purchases, potentially delaying launches or slowing sales.; Inventory overhang in ultra-luxury segment — An analyst raised concern about a sharp rise in ultra-luxury launches in South Mumbai creating inventory overhang over 3-5 years.; Revenue recognition volatility from luxury projects — Shift toward larger luxury projects with longer completion timelines may cause fluctuations in revenue recognition and earnings visibility.; Flat pricing environment in Mumbai — Management does not expect price appreciation, which could pressure margins if costs rise; they rely on volume and absorption..
Did Man Infraconstruction meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Man Infraconstruction Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.