Latest news with #ManInfraconstruction
Mint
a day ago
- Business
- Mint
Quant Mutual Fund-owned realty stock edges higher following stock market rally; here's why
Quant Mutual Fund-owned realty stock Man Infraconstruction rose nearly 2 per cent in Friday's trading session after the company announced that it has incorporated subsidiary entity on June 19. The realty stock opened at ₹ 158.03 apiece on June 20, as compared to previous close of ₹ 157.66. The stock climbed 1.60 per cent, touching an intraday high to ₹ 159.79. Man Infraconstruction shares have given multibagger returns to its long-term investors by soaring over 1,076.47 per cent in five years. The company, in an exchange filing dated June 20, announced the incorporation of subsidiary company named as MICL Shreepati August LLP. The capital contribution for the incorporation is ₹ 1,00,000. The subsidiary company has been formed to carrying out business of real estate and other related activities. According to the exchange filing, the cost of acquisition is ₹ 50,500/- being 50.50 per cent of the partnership interest in MICL Shreepati August LLP having capital contribution of ₹ 1 Lakh. ' MICL Shreepati August LLP is incorporated acquired in terms of products/line of on 19/06/2025 for carrying out business of business acquired, date of real estate and other related activities and incorporation, history of last 3 years is yet to commence business operations,' the company said in the filing. Man Infraconstruction announced its financial results for the quarter ended March 31, 2025, on May 20. The company's net profit surged 50% year-on-year (YoY) to ₹ 97.15 crore in Q4 FY25, up from ₹ 64.65 crore in the same quarter last year. Its revenue from operations saw a slight annual increase, reaching ₹ 294 crore in the March 2025 quarter. On a sequential basis, however, revenue registered a notable 21% growth from ₹ 242 crore. The construction company further declared its first interim dividend of ₹ 0.45 per share. 'Declared First Interim Dividend of Rs. 0.45 per equity share (i.e. 22.5%) on 37,52,89,565 Equity Shares having Face Value of Rs. 2/- each, for the Financial Year 2025-26,' the company said in an exchange filing. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
2 days ago
- Business
- Business Standard
Man Infra Incorporates new real estate subsidiary MICL Shreepati August LLP
Man Infraconstruction announced the incorporation of a new subsidiary, MICL Shreepati August LLP, on 19 June 2025, to undertake real estate and related business activities. In a regulatory filing, the company stated that it has contributed Rs 50,500, representing a 50.50% partnership interest in the newly formed entity, which has a total capital contribution of Rs 1 lakh. The company clarified that business operations are yet to commence and further disclosed that neither the promoter nor the promoter group has any personal interest in the new entity. Man Infraconstruction has two business verticals viz., EPC (engineering, procurement and construction) and real estate development. ManInfra has five decades of experience in EPC business and strong execution capabilities in ports, residential, commercial & industrial and road construction segments with projects spanning across India. As a real estate developer, ManInfra Group has delivered multiple residential projects in Mumbai and is recognized for its superior quality construction and timely project delivery. The company reported 50.2% rise in consolidated net profit to Rs 97.2 crore as revenue from operations remained flat at Rs 293.8 crore in Q4 FY25 over Q4 FY24. The counter rose 0.38% to Rs 158.90 on the BSE.
Mint
5 days ago
- Business
- Mint
Promoter raises stake in THIS Quant Mutual Fund-owned realty stock. Details here
Stock Market Today: Promoter has raised stakes in THIS Quant Mutual Fund-owned realty stock. Here are details about Man Infraconstruction Ltd.'s promoter raising stakes in the company. The Quant Mutual Fund-owned realty stock, Man Infraconstruction, has seen its promoter raising stake in the firm, as per data available on the BSE. The BSE data shows that among promoters of Man Infraconstruction, Parag K. Shah increased his stake in the company on 13 June 2025. Parag K. Shah bought 37,000 shares of Man Infraconstruction on the 13th. Parag K. Shah, who earlier had held 117535006 shares of Man Infraconstruction, post-acquisition of shares increased his total number of shares held to 117572006 equity shares. The stake held by Parag K. Shah in Man Infraconstruction has increased from 31.32% to 31.33%. Parag K. Shah has regularly been increasing his stake in Man Infraconstruction over the 11 June to 13 June 2025 period. While Parag K. Shah held a 31.27% stake in Man Infraconstruction prior to the fresh buying of shares by the promoters starting 11 June 2025, the Parag K. Shah stake in Man Infraconstruction increased to 31.33%. post the fresh acquisition acquisition of shares of Man Infraconstruction on 13 June Other promoters also have been increasing their stake in Man Infraconstruction. As per the data on the BSE data, Mansi P. Shah in February also increased her stake from 15.83% in Man Infraconstruction to 15.86% in Man Infraconstruction. The statement showing the shareholding pattern of the public shareholder for Man Infraconstruction showed that Quant Mutual Fund—Quant Small Cap Fund held about 77,800,000 shares of Man Infraconstruction at the end of March 2025. The shareholding percentage of Quant Mutual Fund—Quant Small Cap Fund in Man Infraconstruction stood at 2.07%. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
28-05-2025
- Business
- Mint
Man Infraconstruction share price: Realty stock jumps after THIS acquisition update
Man Infraconstruction share price rose nearly 3 per cent in intraday trade on the BSE on Wednesday, May 28, in an otherwise weak market. Man Infraconstruction share price opened at ₹ 161.20 against its previous close of ₹ 160.60 and rose 3 per cent to an intraday high of ₹ 165.40. Around 2:20 PM, the realty small-cap stock traded 1.77 per cent higher at ₹ 163.45, looking set to snap its two-day losing run. Equity benchmark Sensex was 0.12 per cent down at 81,455 at that time. Man Infraconstruction's share price got traction after the company, though an exchange filing said its wholly-owned subsidiary, MICL Global, INC., acquired an additional 25 per cent of the membership interest in MICL TIGERTAIL LLC for $1 million on May 27 to carry out real estate development business. MICL TIGERTAIL LLC was incorporated in Miami, Florida, USA in June 2024 to carry out real estate development business. The company said it was not a related-party transaction. MICL TIGERTAIL LLC is an associate of MICL Global, INC, a wholly-owned subsidiary of Man Infraconstruction. "We wish to inform you that MICL TIGERTAIL LLC an associate of MICL Global, INC, a wholly owned subsidiary of the company have acquired an additional 25 per cent of the membership interest in the said LLC with effect from May 27, 2025," Man Infraconstruction said in an exchange filing on May 28. Man Infra's share price has been under pressure over the last year, losing nearly 16 per cent. It hit a 52-week high of ₹ 262.50 on December 30 last year and a 52-week low of ₹ 135.05 on March 17 this year. On a monthly scale, the stock has been in the green since March this year, rising almost 7 per cent in May so far after a 3 per cent gain in April and a half a per cent gain in March. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Business Standard
20-05-2025
- Business
- Business Standard
Man Infra ends higher after strong Q4 performance
Man Infraconstruction added 1.92% to Rs 542 after the company reported 50.2% rise in consolidated net profit to Rs 97.2 crore as revenue from operations remained flat at Rs 293.8 crore in Q4 FY25 over Q4 FY24. Total operating expenses for the period under review amounted to Rs 187.3 crore, down 24.2% YoY. EBITDA rose more than twofold to Rs 106.5 crore in the fourth quarter from Rs 49.6 crore recorded in the corresponding quarter last fiscal. Profit before tax in Q4 FY25 stood at Rs 40.6 crore, up by 47% from Rs 27.7 crore in Q4 FY24. For FY25, Man Infraconstruction has registered a consolidated net profit of Rs 312.8 crore (up 3.1% YoY) and revenue from operations of Rs 1,108.1 crore (down 12.30% YoY). Man Infraconstruction has two business verticals viz., EPC (engineering, procurement and construction) and real estate development. ManInfra has five decades of experience in EPC business and strong execution capabilities in ports, residential, commercial & industrial and road construction segments with projects spanning across India. As a real estate developer, ManInfra Group has delivered multiple residential projects in Mumbai and is recognized for its superior quality construction and timely project delivery.
