Man Infraconstruction Limited has informed the Exchange about Transcript of Q4 FY26 Earnings Conference Call held on Thursday, May 14, 2026.
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Man Infraconstruction Limited held its Q4 FY26 earnings conference call with key executives including Managing Director Manan Shah and Group CFO Ashok Mehta. The company reported FY26 sales of approximately INR1,800 crores with collections of INR990 crores, and consolidated PAT of INR201 crores. Q4 FY26 saw sales of INR438 crores and PAT of INR43 crores. The real estate portfolio stands at over INR17,500 crores GDV with a balance sales pipeline of INR13,300 crores. For FY27, the company plans launches worth approximately INR5,600 crores GDV across prime Mumbai locations including Marine Lines, Tardeo, BKC, and Pali Hill, targeting sales of at least INR2,500 crores. Management expects 35-40% growth in revenue recognition in coming years as key projects near completion. The company introduced a new ultra-luxury vertical called 'MS Collection Residences' and expanded its US operations through MICL Global, which now has a portfolio of approximately US$1.4 billion GDV. Management guided that ultra-luxury projects will yield better margins going forward.
The company's strong sales momentum, large upcoming launch pipeline, and healthy balance sheet (net debt-free with INR686 crores liquidity) position it for significant growth. Management's confidence in surpassing FY25's best numbers and achieving its Vision 2030 target of INR35,000 crores GDV suggests a positive medium-term outlook. However, revenue recognition remains front-loaded into later years as projects are still under development.