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Man Infraconstruction Q4 FY26: Revenue dips, profit rises

May 13, 2026 3 mins read Firehose Gupta

Man Infraconstruction Limited — Quarter and year ended March 31, 2026 (published May 13, 2026)

Sr. No. Particulars Quarter Ended March 31, 2026 (Refer Note 4) Quarter Ended December 31, 2025 (Unaudited) Quarter Ended March 31, 2025 (Refer Note 4) Year Ended March 31, 2026 (Audited) Year Ended March 31, 2025 (Audited)
1 (a) Revenue from Operations 14,551.78 15,329.65 29,379.91 63,046.14 1,10,806.85
(b) Other Income 4,136.86 3,853.66 3,403.10 16,155.85 12,316.01
Total Income 18,688.64 19,183.31 32,783.01 79,201.99 1,23,122.86
2 Expenses
(a) Cost of materials consumed / sold 4,827.41 5,462.42 8,926.46 21,170.42 23,107.50
(b) Changes in inventories (12,740.01) (3,289.70) (1,509.38) (20,829.53) (2,749.20)
(c) Employee benefits expense 2,190.18 1,824.74 2,282.81 7,484.48 7,358.28
(d) Finance costs 306.66 222.48 516.13 1,018.46 1,474.35
(e) Depreciation, Amortization and Impairment 356.14 352.21 233.12 1,240.62 831.63
(f) Sub Contract / Labour Charges 7,911.99 4,612.68 4,602.70 19,267.08 20,192.05
(g) Cost of Land / Development Rights / Premiums 6,473.93 638.72 714.70 9,378.05 11,934.46
(h) Other Expenses 3,995.22 2,804.19 3,714.99 13,688.11 18,544.69
Total Expenses 13,321.52 12,627.74 19,481.53 52,417.69 80,693.76
3 Profit before exceptional items, share of profit / (loss) of associates / joint ventures and Tax (1 – 2) 5,367.12 6,555.57 13,301.48 26,784.30 42,429.10
4 Share of Net Profit / (Loss) of Investments accounted for using equity method 112.38 655.94 252.03 1,708.16 (2,362.64)
5 Profit before exceptional items and tax (3 + 4) 5,479.50 7,211.51 13,553.51 28,492.46 40,066.46
6 Exceptional Items
7 Profit before tax (5 + 6) 5,479.50 7,211.51 13,553.51 28,492.46 40,066.46
8 Tax expense:
Current Tax 1,249.50 1,862.52 3,934.63 6,744.80 9,200.75
Deferred Tax 125.51 186.57 (95.46) 726.15 (361.03)
Current Tax (Tax adjustment of earlier years) (1.05) (78.85) (54.35)
9 Profit for the period (7 – 8) 4,104.49 5,162.42 9,715.39 21,100.36 31,281.09
10 Non-Controlling Interest (178.15) 465.27 2,022.82 1,042.26 3,009.24
11 Profit after Tax and Non-Controlling Interest (9 – 10) 4,282.64 4,697.15 7,692.57 20,058.10 28,271.85
12 Other Comprehensive Income
Items that will not be reclassified subsequently to profit or loss
– Remeasurement of post employment benefit obligations 225.55 (21.90) 29.37 170.35 (23.06)
– Share of Other Comprehensive Income in Joint Ventures and Associates, to the extent not to be reclassified to profit or loss 6.01 0.10 (1.21) 6.24 (1.04)
– Income tax relating to these items (0.02) 0.37 (8.33) 8.50
Items that will be reclassified subsequently to profit or loss
– Exchange difference on translation of foreign operations 560.36 133.74 (5.65) 1,137.29 415.97
– Income tax relating to these items
Total Other Comprehensive Income / (Loss) (net of tax) 791.90 112.31 14.18 1,313.88 400.37
13 Other Comprehensive Income (net of tax)
(a) Attributable to Owners of the Parent 762.90 117.71 0.49 1,300.61 398.32
(b) Attributable to Non-Controlling Interest 29.00 (5.40) 13.69 13.27 2.05
14 Total Comprehensive Income
Attributable to Owners of the Parent (11 + 13(a)) 5,045.54 4,814.86 7,693.06 21,358.71 28,670.17
Attributable to Non-Controlling Interest (10 + 13(b)) (149.15) 459.87 2,036.51 1,055.53 3,011.29
15 Paid-up Equity Share Capital 8,073.33 8,073.33 7,505.79 8,073.33 7,505.79
(Face Value of Share ₹ 2/- each)
16 Other Equity 2,18,570.47 1,68,838.73
17 Earnings Per Share (EPS)
(Face Value of ₹ 2/- each) (not annualised for quarters) :
a) Basic (in ₹) 1.06 1.16 2.05 5.07 7.59
b) Diluted (in ₹) 1.06 1.16 2.05 5.07 7.59
Sr. No. Particulars Quarter Ended March 31, 2026 (Refer Note 4) Quarter Ended December 31, 2025 (Unaudited) Quarter Ended March 31, 2025 (Refer Note 4) Year Ended March 31, 2026 (Audited) Year Ended March 31, 2025 (Audited)
1 Total Revenue (Including Other Income) 10,032.47 9,755.61 16,456.52 43,775.58 51,809.21
2 Profit/Loss before Tax 4,535.81 4,156.89 5,122.82 20,103.33 20,250.00
3 Profit/Loss after Tax 3,334.63 3,041.42 3,915.60 15,483.07 15,679.74
Sr. No. Particulars Quarter Ended March 31, 2026 (Refer Note 4) Quarter Ended December 31, 2025 (Unaudited) Quarter Ended March 31, 2025 (Refer Note 4) Year Ended March 31, 2026 (Audited) Year Ended March 31, 2025 (Audited)
(a) EPC (Engineering, Procurement and Contracting) 7,048.89 6,795.86 13,447.73 30,378.75 41,338.66
(b) Real Estate 7,559.53 8,593.03 16,098.41 32,939.04 69,846.88
(c) Unallocated
Total Segment Revenue 14,608.42 15,388.89 29,546.14 63,317.79 1,11,185.54
Less: Inter Segment Revenue 56.64 59.24 166.23 271.65 378.69
Net Sales / Income from Operations 14,551.78 15,329.65 29,379.91 63,046.14 1,10,806.85
Sr. No. Particulars Quarter Ended March 31, 2026 (Refer Note 4) Quarter Ended December 31, 2025 (Unaudited) Quarter Ended March 31, 2025 (Refer Note 4) Year Ended March 31, 2026 (Audited) Year Ended March 31, 2025 (Audited)
(a) EPC 2,032.59 1,626.94 2,985.23 7,989.66 10,629.60
(b) Real Estate 2,583.23 4,913.07 10,850.03 16,303.82 28,200.60
(c) Unallocated 1,170.34 893.98 234.38 5,217.44 2,710.61
Total Segment Results 5,786.16 7,433.99 14,069.64 29,510.92 41,540.81
Less: Finance Costs 306.66 222.48 516.13 1,018.46 1,474.35
Total Profit / (Loss) Before Tax including Share of Profit / (Loss) of associates / joint ventures 5,479.50 7,211.51 13,553.51 28,492.46 40,066.46
Sr. No. Particulars As at March 31, 2026 (Audited) As at December 31, 2025 (Unaudited) As at March 31, 2025 (Audited)
(a) EPC 13,807.82 14,500.61 15,463.06
(b) Real Estate 1,85,542.02 1,71,784.34 1,46,710.17
(c) Unallocated 78,444.42 79,826.87 55,570.81
Total Segment Assets 2,77,794.26 2,66,111.82 2,17,744.04
Sr. No. Particulars As at March 31, 2026 (Audited) As at December 31, 2025 (Unaudited) As at March 31, 2025 (Audited)
(a) EPC 11,914.90 8,562.34 12,085.27
(b) Real Estate 29,257.45 27,830.83 18,858.64
(c) Unallocated 9,978.11 8,116.42 10,455.61
Total Segment Liabilities 51,150.46 44,509.59 41,399.52
Sr.No. Particulars As at March 31, 2026 (Audited) As at March 31, 2025 (Audited)
ASSETS
1 Non Current Assets
a Property, Plant and Equipment 4,772.32 4,030.40
b Right-of-use assets 520.53
c Capital work-in-progress
d Investment Property 623.17 655.07
e Goodwill 186.39 186.39
f Investment accounted for using the equity method 28,873.26 14,127.63
g Financial Assets
(i) Investments 3,397.35 3,011.42
(ii) Trade receivables 180.46 209.25
(iii) Others 2,774.92 2,921.40
h Deferred tax assets (net) 1,859.29 1,982.60
i Other non-current assets 223.60 319.14
Total Non-Current Assets 43,411.29 27,443.30
2 Current Assets
a Inventories 73,798.02 53,017.22
b Financial Assets
(i) Investments 20,736.44 10,083.75
(ii) Trade receivables 7,139.51 8,704.73
(iii) Cash and cash equivalents 8,570.11 16,815.27
(iv) Bank balances other than (iii) above 34,961.78 25,473.27
(v) Loans 78,829.35 67,360.49
(vi) Others 7,231.90 6,313.07
c Current Tax Assets (Net) 80.65 119.31
d Other current assets 3,035.21 2,148.91
Total Current Assets 2,34,382.97 1,90,036.02
Assets held for sale 264.72
Total Assets 2,77,794.26 2,17,744.04

| Sr.No. | Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
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