Man Infraconstruction Sets October 29 Board Meeting to Approve Q2 FY27 Results

What was announced

Man Infraconstruction Limited (MICL) filed a board meeting intimation on 22 October 2026. The board will meet on 29 October 2026 to approve unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026. The filing is a scheduled disclosure. As of 26 October 2026, results for the quarter had not been published, so there are no Q2 FY27 revenue, profit, sales or segment figures to report.

MICL is headquartered in Mumbai and its business combines engineering, procurement and construction (EPC) contracting with asset ownership and real estate development. The group's residential projects are concentrated in Mumbai.

Context from recent quarters

In the same quarter last year (Q2 FY26, reported on 12 November 2025), consolidated net profit rose 27.27% to Rs 60.01 crore. Real estate revenue for that quarter was Rs 86.42 crore, down 44.15% year on year, and EPC revenue was Rs 63.09 crore, down 16.89%. The company reported collections of Rs 183 crore in Q2 FY26 and Rs 417 crore in the first half of FY26.

The latest reported quarter, Q1 FY27 (ended 30 June 2026), showed profit after tax after non-controlling interest rising 29% year on year to Rs 71.6 crore. The company described itself as net debt free at that point.

Management has pointed to a larger role for revenue recognition in coming years. Manan Shah, Managing Director, said the group is at a point where it expects a significant share of revenue recognition in the upcoming years, with the highest ever launch pipeline in FY27.

Balance sheet and dividend

As of 30 June 2026, the company reported consolidated cash and cash equivalents of Rs 767 crore against total borrowings of Rs 78 crore. CARE has rated the company A+ with a stable outlook.

For FY27, the board has declared a first interim dividend of Rs 0.72 per share. The FY26 interim tranches were Rs 0.45 per share each. Whether the board takes a further dividend decision at the 29 October meeting has not been announced.

Share buyback

The board approved an open market share buyback on 1 September 2026 of up to Rs 169.29 crore, at a maximum price of Rs 171 per equity share. The buyback window runs from 9 September 2026 to 16 December 2026. Company filings reported cumulative purchases of 97,90,000 shares as of 19 October 2026. Purchases are continuing under the programme.

Projects in the pipeline

• Marina Vista, Pali Hill (Bandra West): launched on 10 August 2026 with 30% pre-sales reported at launch. The project is registered with MahaRERA (PR1180002600763, June 2026) and is being developed through Atmosphere Homes LLP, an associate entity of the MICL Group. The developer states 3 BHK and 4 BHK configurations. One RERA-based report counts 39 homes across four buildings.
• Berkeley House, Bandra: initial approval received for a residential venture with a project value above Rs 1,000 crore. Reported total project value for the Bandra micro-market is over Rs 2,350 crore.
• Tardeo 2.0, South Mumbai: Industrial Oriented Approval (IOA) secured in June 2026 for an ultra-luxury redevelopment with estimated sales potential above Rs 2,000 crore. The project is listed as pre-launch with 3, 4 and 5 BHK configurations.

For FY27, the company has said it plans to launch six more projects with an estimated gross development value of Rs 5,000 to 5,500 crore. Group real estate sales for FY25 were reported at Rs 2,251 crore. The group has set a target of Real Estate Gross Development Value of Rs 35,000 crore or more by 2031, against FY26 GDV of Rs 17,575 crore or more.

What it means for buyers and investors

For buyers, the meeting itself does not change any project terms. Prices, configurations and possession timelines for the group's projects should be checked against each project's RERA registration and the developer's own documents, not against unofficial price listings.

For investors, the 29 October results will be the first full-quarter disclosure for Q2 FY27. Readers can compare revenue, profit and collections with the Q2 FY26 base above. The stock traded at Rs 102.50 intraday on 23 October 2026, after a fall of about 31.67% from its 52-week high.

What comes next

• 29 October 2026: board meets to approve unaudited standalone and consolidated results for Q2 FY27 and half year ended 30 September 2026.
• After the meeting, the company will publish the results and any dividend decision.
• FY27 launches, including Tardeo 2.0, are planned in the coming months, and the buyback window runs to 16 December 2026.