Man Infraconstruction, a key player in the construction industry, recently disclosed its consolidated quarterly numbers, reflecting a mixed performance for the quarter ending September 2023. The company experienced a significant downturn in net sales, plummeting by 46.34% to Rs. 215.29 crore compared to Rs. 401.26 crore in the same period last year.
Despite the decrease in net sales, Man Infraconstruction managed to showcase impressive profitability. The quarterly net profit witnessed a notable surge, increasing by 30.73% to Rs. 69.65 crore from Rs. 53.28 crore in September 2022. This boost in profits demonstrated the company’s resilience and efficient financial management amidst challenging market conditions.
While the EBITDA figures decreased by 13.17% to Rs. 92.55 crore in September 2023, the earnings per share (EPS) rose to Rs. 1.88 from Rs. 1.43 in September 2022, showcasing the company’s commitment to sustaining earnings growth.
Man Infraconstruction’s shares closed at 150.85 on November 6, 2023, indicating impressive returns of 86.58% over the last 6 months and 82.96% over the last 12 months. However, at the time of reporting, the shares were trading 6.07% lower at ₹141.70, reflecting the immediate market response to the company’s financial performance.
