• Source:JND
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Shares of Man Infraconstruction Limited zoomed nearly 3% during the intraday trade on Wednesday after An additional 25% of the membership interest in the aforementioned LLC has been acquired by MICL Tigertail LLC, an associate of MICL Global, Inc., a wholly-owned subsidiary of Man Infraconstruction Ltd., increasing its stake in the aforementioned LLC. The infrastructure sector stock opened with a decent gap-up at Rs 161.45 against the previous day's closing price of Rs 160.27 on NSE and rose to hit an intraday high at Rs 165.24, a surge of nearly 3%.

Meanwhile, its 52-week high and low values were Rs 262.80 and Rs 135.10, respectively.

The purchase was made for a cash consideration of US$1 million and went into effect on May 27, 2025. To engage in real estate development and other legal activities, MICL TIGERTAIL LLC was incorporated in June 2024 in Miami, Florida, USA. This acquisition is intended to advance the company's strategic goals in real estate development, even though it is still in the early phases of business operations with a zero turnover rate, according to a report in DSIJ. 

Q4 Results

In the fourth quarter of FY25, the construction company reported a 50% year-over-year (YoY) increase in net profit to Rs 97.15 crore, up from Rs 64.65 crore during the same period the previous year.

In the March quarter of 2025, operating revenue increased slightly to ₹294 crore. Nonetheless, revenue increased significantly from Rs 242 crore to 21% on a sequential basis.

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 construction company added in an exchange filing.

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