Construction & Engineering firm Man Infraconstruction announced Q3FY23 results: Q3FY23 & 9MFY23: The company’s consolidated revenue from operations grew by 74% to Rs 1,210 crore for 9MFY23 compared to Rs 697 crore for 9MFY22. Total income for 9MFY23 was Rs 1,246 crore compared to Rs 888 crore for 9MFY22. Consolidated revenue from operations for Q3FY23 has also grown by 54% to Rs 457 crore compared to Rs 297 crore in Q3FY22. Total income for Q3FY23 was Rs 472 crore compared to Rs 305 crore in Q3FY22. The consolidated EBITDA for 9MFY23 has grown by 51% to Rs 290 crore compared to Rs 192 crore for 9MFY22. Consolidated EBITDA for Q3FY23 grew by 190% to Rs 129 crore compared to Rs 44 crore for Q3FY22. The consolidated Profit After Tax (PAT) was Rs 177 crore for 9MFY23 compared to Rs 179 crore for 9MFY22. Consolidated Profit After Tax (PAT) for Q3FY23 was Rs 85 crore compared to Rs 35 crore for Q3FY22. Commenting on the Q3FY23 results, Mr. Manan Shah, Managing Director, Man Infraconstruction Limited, said, "The demand in the real estate sector has remained resilient over the last few years since the upturn of the cycle and we continued to witness similar momentum in 9MFY23. We are seeing very good demand for premium lifestyle homes and luxury residential apartments which is our core portfolio offerings. This has also been demonstrated in our sales performance where more than half of the inventory from the new launches during the year, has been sold out in few weeks of the launch. We continue to service Indian customer aspirations of owning better and larger homes with our premium and luxury lifestyle projects.” Result PDF
Highlights: Revenue from Operations Rs. 401 crores EBITDA Rs 147 crores Profit after Tax Rs 144 crores Rs 3.2 Million Sq. ft. of Ongoing & Upcoming Real Estate projects Order Book of Rs. 665 crores as on 30th September 2021 135 Q2FY22 Residential (64%), Infrastructure & Govt. Sector (35%) and Commercial (1 %) Result PDF