Please find enclosed the transcript of Q4 FY26 Earnings Conference Call held on Thursday, May 14, 2026.
MANINFRA · price
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Man Infraconstruction Limited held its Q4 FY26 earnings call where management reported FY26 revenue of approximately INR630 crores and PAT of INR201 crores. The real estate portfolio has GDV of over INR17,500 crores with INR13,300 crores balance sales pipeline. FY26 sales were INR1,800 crores with collections of INR990 crores. For FY27, the company targets sales of at least INR2,500 crores from launches worth INR5,500-5,600 crores GDV across locations like Marine Lines, Tardeo, BKC and Pali Hill. The company introduced a new ultra-luxury vertical called MS Collection Residences. Management guided for 35-40% revenue growth in upcoming years and expects to surpass FY25 performance. The EPC order book stands at INR392 crores to be executed over 3-4 years, with 50% addition expected once FY27 launches happen. The company is net debt-free with INR686 crores liquidity and INR2,266 crores net worth. Management evaded providing detailed project-wise revenue reconciliation and segment-wise breakup on the call.
The company is entering a strong growth phase with record launches planned for FY27 and a clear path to double GDV to INR35,000 crores by 2031. Investors can expect significant revenue ramp-up over FY27-29 as multiple projects near completion, though management declined to provide detailed project-wise revenue recognition specifics.