Man Infraconstruction Reports Q3 FY26 Performance with New BKC Project Launch
Man Infraconstruction Limited reported Q3 FY26 consolidated revenue of ₹153.3 crores with real estate sales of ₹447 crores and area sold of 1.21 lakh sq. ft. The company launched Artek Park project in BKC with ₹850+ crores sales potential during the quarter. For 9M FY26, revenue reached ₹484.9 crores with strong balance sheet showing ₹723.3 crores in cash and cash equivalents. The company maintains diversified portfolio across real estate and EPC segments with ongoing projects spanning 24.43 lakh sq. ft. carpet area.

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Man Infraconstruction Limited has announced its financial results for Q3 and 9M FY26, showcasing steady performance across its real estate and EPC business segments. The company reported consolidated revenue from operations of ₹153.3 crores for Q3 FY26, with real estate contributing ₹85.9 crores and EPC operations adding ₹67.4 crores.
Financial Performance Overview
The company's quarterly performance reflects a diversified revenue stream with strong profitability metrics. For the nine-month period ending December 2025, consolidated revenue reached ₹484.9 crores.
| Metric | Q3 FY26 | Q3 FY25 | 9M FY26 | 9M FY25 |
|---|---|---|---|---|
| Revenue from Operations | ₹153.3 Cr | ₹242.3 Cr | ₹484.9 Cr | ₹814.3 Cr |
| Real Estate Revenue | ₹85.9 Cr | ₹156.2 Cr | ₹253.8 Cr | ₹537.5 Cr |
| EPC Revenue | ₹67.4 Cr | ₹86.1 Cr | ₹231.1 Cr | ₹276.8 Cr |
| EBITDA Margin | 21.4% | 44.0% | 22.7% | 26.7% |
| PAT Margin | 24.5% | 30.5% | 26.1% | 22.8% |
Real Estate Sales Performance
The company demonstrated strong sales momentum during Q3 FY26, achieving real estate sales value of ₹447 crores with area sold of 1.21 lakh sq. ft. Collections during the quarter amounted to ₹294 crores. For the nine-month period, real estate sales reached ₹1,362 crores with total area sold of 3.86 lakh sq. ft. and collections of ₹711 crores.
New Project Launch - Artek Park
During Q3 FY26, Man Infraconstruction launched the Artek Park project in BKC, Mumbai. This redevelopment project spans 1.6 acres with construction area of approximately 5.4 lakh sq. ft. The project features a 26-storey tower with spacious 3 & 4 BHK residences, offering only 2 residences per floor.
| Parameter | Details |
|---|---|
| Location | BKC, Kalanagar area, Madhusudhan Kalekar road |
| Carpet Area | 1.6 lakh sq. ft. |
| Sales Potential | ₹850+ crores |
| MICL Equity Stake | 34% |
| Expected Delivery | 4 years from launch |
| Project Type | Redevelopment of Artek CHSL |
Balance Sheet Strength
The company maintains robust financial health with cash and cash equivalents of ₹723.3 crores as of December 2025, compared to ₹569.7 crores in March 2025. Total borrowings stood at ₹26.9 crores, significantly lower than ₹35.6 crores in the previous year. The company's equity attributable to shareholders reached ₹2,216.0 crores as of December 2025.
Project Portfolio Update
As of December 2025, the company's ongoing projects portfolio includes six major developments across Mumbai with total carpet area of 24.43 lakh sq. ft. The portfolio comprises projects under different business models including subsidiaries, joint ventures, and development management arrangements. Total units sold across ongoing projects reached 1,595 out of 2,366 total units, with 771 units remaining unsold.
Future Growth Strategy
Man Infraconstruction continues to focus on expansion in western suburbs of Mumbai, MMR, and South Mumbai through asset-light models including joint ventures and development management. The company maintains an EPC order book of ₹300 crores as of December 2025 and has established international presence in Miami, Florida, USA through multiple residential projects.
Historical Stock Returns for Man Infraconstruction
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.56% | +6.26% | -2.42% | -29.41% | -37.79% | +352.45% |


































