Man Infraconstruction Q1 Results Reports Decreased Earnings

Man Infraconstruction Q1 Results: Man Infraconstruction table presents the financial results for the first quarter of June 2024. In this period, the total revenue was ₹341.62 crores, which shows a decrease when compared to the previous quarter (QoQ) of ₹680.27 crores and a year-over-year (YoY) decline from ₹509.66 crores in June 2023. This indicates that the company earned less money than both the last quarter and the same quarter last year. Looking at the selling, general, and administrative expenses, they were ₹71.99 crores, down from ₹106.47 crores in the previous quarter and slightly lower than ₹107.45 crores a year ago, which shows a YoY decrease as well. 

Man Infraconstruction’s total operating expenses also dropped to ₹259.97 crores from ₹558.94 crores in the last quarter and from ₹402.99 crores YoY. However, the operating income decreased to ₹81.65 crores from ₹121.33 crores in the last quarter and ₹106.67 crores in June 2023, reflecting a decline on both QoQ and YoY comparisons. The net income for this quarter was ₹77.50 crores, slightly lower than ₹81.58 crores in the previous quarter and ₹82.44 crores YoY, showing a consistent decrease in earnings over time.

Here’s the quarterly financial results summary for Man Infraconstruction for Q1:

(All figures in crores except per share values)

Source: Here 

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Man Infraconstruction Q1 Results

Man Infraconstruction earned ₹10,763.46 lakhs in the latest quarter, which is lower than the ₹12,139.48 lakhs earned in the previous quarter but significantly higher than ₹36,261.67 lakhs in the same quarter last year. The other income also varied, coming in at ₹1,651.11 lakhs for the quarter, a significant drop from ₹6,482.86 lakhs in the previous quarter.

Man Infraconstruction’s total income was ₹12,414.57 lakhs, reflecting a decline from the previous quarter but still substantial. When looking at expenses, the total reached ₹7,305.66 lakhs, lower than the previous quarter’s ₹11,490.48 lakhs. The profit before tax was ₹5,108.91 lakhs, which is less than the ₹7,131.86 lakhs reported in the last quarter.

Man Infraconstruction After accounting for taxes, the profit for the period was ₹3,819.75 lakhs, indicating a decrease from earlier figures. Lastly, the earnings per share (EPS) for basic and diluted shares were both ₹1.01, down from the previous quarter. This data gives insights into how well the company is performing financially and how it is managing its income and expenses.

Here’s a simplified summary of the standalone financial results for the quarter ended June 30, 2024:

(in Lakhs)

Man Infraconstruction Stock Metrics

Man Infraconstruction is a company involved in construction and infrastructure development. Their market cap, which is ₹ 7,163 crores, shows the total value of the company's shares. The current price of their stock is ₹ 192, with a high of ₹ 249 and a low of ₹ 137 in recent trading. The stock has a Price-to-Earnings (P/E) ratio of 24.6, indicating how much investors are willing to pay for each unit of earnings. The book value per share is ₹ 35.8, while the dividend yield is 0.84%, showing the income return on the investment. 

Here’s the information presented in a table format for clarity:

Quarterly Results 

In the financial results for Man Infraconstruction, the company showed some interesting trends from December 2023 to June 2024. In December 2023, sales were Rs. 242 Crores, with a net profit of Rs. 87 Crores and earnings per share (EPS) of Rs. 2.24. However, by March 2024, sales increased to Rs. 297 Crores, but the net profit dropped to Rs. 65 Crores, and EPS fell to Rs. 1.76. In June 2024, sales grew further to Rs. 342 Crores, and the net profit recovered to Rs. 84 Crores, with an EPS of Rs. 2.09.

Here are the quarterly financial results for Dec 2023, Mar 2024, and Jun 2024, along with their particulars:

(in Rs. Crores)

About Man Infraconstruction 

Man Infraconstruction is a well-established company that started in 1964. It has over 50 years of experience in the construction and engineering fields. Initially, the company focused on engineering projects, successfully completing many important projects across India, including ports, infrastructure, residential areas, commercial buildings, and educational institutions. In 2012, Man Infraconstruction expanded its business into real estate with the aim of building high-quality homes that reflect their long history of expertise.

Man Infraconstruction aims to set new standards for luxury living and has completed many impressive projects in India over the past decade. With a focus on quality and customer satisfaction, Man Infraconstruction is now looking to grow internationally, bringing its commitment to excellence in lifestyle and construction to people around the world. The company is dedicated to redefining luxury living, ensuring that their projects enhance the quality of life for all their customers.