Man Infraconstruction’s shares saw a 5% decline following the announcement of its Q3 results, which showed a mixed financial performance. As of 2:17 PM, the shares were trading 5.49% lower at Rs 192.00.
The company reported a 3% dip in net profit, reaching ₹84 crore compared to ₹86.5 crore YoY. Despite the drop in profit, Man Infraconstruction’s revenue remained steady at ₹242 crore, maintaining a flat growth year-on-year.
One of the brighter spots in the report was the improvement in EBITDA, which rose by 4%, reaching ₹106 crore compared to ₹101.8 crore in Q3 of the previous year. This resulted in an EBITDA margin of 43.7%, slightly up from 42% in the same period last year.
Man Infraconstruction’s stock opened at ₹200.00, reaching a high of ₹202.50 and a low of ₹191.42 today. The stock has seen significant fluctuations over the past 52 weeks, with a high of ₹262.80 and a low of ₹167.16.
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