Man Infraconstruction Limited (MICL) reported a threefold jump in sales to Rs2,251 crore for FY25 compared to Rs744 crore in the previous year, significantly exceeding its guidance of 30 per cent growth.
The Mumbai-based construction and real estate firm saw Q4FY25 contribute Rs743 crore to annual sales, marking a 90 per cent year-on-year growth. The carpet area sold more than doubled to approximately 8 lakh square feet in FY25 from about 3 lakh square feet in FY24.
“FY25 was a record-breaking year for MICL, achieving Rs2,250 crore in sales reflecting market’s strong trust in our projects,” said Manan Shah, Managing Director of Man Infraconstruction Limited.
The company’s collections increased to Rs1,270 crore for FY25, up from Rs1,197 crore in FY24, driven by the delivery of multiple projects and execution capabilities across ongoing developments.
MICL launched two new projects in Q4FY25 with a combined revenue potential of approximately Rs1,600 crore, already generating around Rs700 crore in sales shortly after launch. These projects include Jadepark in Vile Parle and Aaradhya Parkwood (2 towers) in Dahisar.
The company maintains a net-debt-free position with cash and cash equivalents of Rs570 crore as of March 2025, providing considerable strength for future growth. MICL has a total investment of Rs1,166 crore in its real estate projects as of March 2025.
For FY26, MICL plans to launch multiple new projects covering around 7.4 lakh square feet of carpet area with an estimated sales potential of Rs3,400 crore. These upcoming launches are located in Mumbai’s premium micro-markets - Marine Lines, BKC, and Pali Hill (Bandra West).
“Marine Lines is going to be absolutely dynamic, absolutely robust in terms of design. We’ve got a beautiful club. In fact, we are even aiming to do world’s highest residential swimming pool,” Shah revealed in an interaction with businessline. The Marine Lines project is expected to launch at around Rs65,000 per square foot on carpet area.
The company’s EPC business currently has a Rs503 crore order book from port projects and 10 million square feet of in-house construction projects. MICL is also a contender for the Vadhavan port project tender.
The company’s strategic shift toward the ultra-luxury segment is evident in its upcoming projects. The Pali Hill project is expected to be priced around Rs1,50,000 per square foot on carpet area, targeting the “top 1 per cent crowd of Mumbai,” including Bollywood celebrities.
