MICL records ₹2,251 crore sales in FY25 with 3x growth from FY24
NOOR MOHMMED
20/May/2025

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MICL achieved ₹2,251 crore in sales in FY25, tripling from FY24’s ₹744 crore, driven by new launches and strong delivery across key Mumbai markets
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Two major project launches in Q4 FY25 generated ₹700 crore in sales, contributing to a robust pipeline with ₹3,400 crore sales potential in FY26
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The company remains debt-free with ₹570 crore in cash reserves, recording ₹283 crore net profit and ₹1,231 crore income in FY25
Man Infraconstruction Limited (MICL) has reported an impressive threefold growth in sales for FY25, achieving total sales of ₹2,251 crore compared to ₹744 crore in FY24. This marks a record-breaking financial year for the company and positions it as a rising leader in the Indian real estate and EPC sector, especially across Mumbai's premium micro-markets.
In the fourth quarter of FY25 alone, MICL recorded ₹743 crore in sales, which represents a 90 percent increase year-on-year. This growth is largely attributed to the success of its marquee projects in Ghatkopar and Tardeo, along with the promising launches at Vile Parle West and Dahisar.
Another strong indicator of MICL's performance was its carpet area sales, which increased from approximately 3 lakh sq ft in FY24 to nearly 8 lakh sq ft in FY25. This surge is reflective of the high demand for MICL projects, bolstered by efficient project execution and timely deliveries.
The collection figures for FY25 stood at ₹1,270 crore, slightly up from ₹1,197 crore in FY24. This increase reflects the company's ability to monetize its sales and maintain healthy cash flows through timely handovers and trusted customer relationships.
Strategic Project Launches and Sales Pipeline
In Q4 of FY25, MICL launched two new projects with a combined revenue potential of approximately ₹1,600 crore. These new offerings have already generated ₹700 crore in sales, showing rapid traction in the market.
Looking ahead, MICL has announced a strong pipeline of new launches in FY26, covering around 7.4 lakh sq ft of carpet area with an estimated sales potential of ₹3,400 crore. These future launches will be strategically located in Mumbai’s top real estate zones — Marine Lines, BKC, and Pali Hill Bandra West. These areas are highly sought after and are expected to further enhance MICL’s market share and brand visibility.
Financial Performance Snapshot
For FY25, MICL posted:
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Total Income: ₹1,231 crore
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Profit Before Tax (PBT): ₹401 crore
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Net Profit: ₹283 crore
This represents a robust operational and financial performance, underpinned by high-margin real estate projects, strong customer demand, and disciplined cost management.
Balance Sheet Strength
MICL continues to remain net-debt free, a rare achievement in the real estate sector. As of March 31, 2025, the company has:
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Cash and cash equivalents of ₹570 crore consolidated
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Total investments in real estate projects worth ₹1,166 crore
This strong liquidity position ensures MICL has the financial muscle to fund future expansions, execute projects on time, and weather potential market volatility.
Leadership Commentary
Manan Shah, Managing Director of Man Infraconstruction Limited, expressed confidence in the company's trajectory:
FY25 was a record-breaking year for MICL, achieving ₹2,250 crore in sales, which is a testament to the market’s strong trust in our projects. Backed by a strong pipeline, EPC projects, and global expansion plans, we are well positioned for sustained growth and committed to delivering excellence and value to our stakeholders.
About MICL
Man Infraconstruction Limited (MICL) operates through two main business verticals — Engineering Procurement and Construction EPC and Real Estate Development. With over 60 years of experience, the company has established its name in port infrastructure, residential, commercial, industrial, and road construction across India.
In the real estate sector, MICL has gained recognition for:
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Timely delivery
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High construction quality
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Execution efficiency
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Customer satisfaction
The company's future pipeline and consistent delivery track record position it well to leverage the next wave of urban development in Mumbai and beyond.
Safe Harbor Disclaimer
This release contains forward-looking statements regarding future events and financial performance based on certain assumptions. Actual results may differ due to a range of domestic and global economic conditions, changes in regulations, market dynamics, and company-specific factors. MICL does not undertake any obligation to update these statements in the future.
Contact Details
Man Infraconstruction Limited
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Mr Yashesh Parekh, DGM – Investor Relations and Corporate Finance
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Email: yashesh@maninfra.com
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Mobile: +91 8108321555
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Website: www.maninfra.com
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Go India Advisors
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Mrs Sheetal Khanduja, Head – IR Practice
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Email: sheetal@goindiaadvisors.com
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Mobile: +91 9769364166
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Website: www.goindiastocks.com
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Conclusion
FY25 marks a transformative year for MICL, showcasing not only financial growth but also strategic foresight in launching high-potential projects. With a healthy balance sheet, strong market demand, and a robust launch pipeline, Man Infraconstruction Limited is poised for continued outperformance in FY26 and beyond.
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