Shares of Man Infraconstruction Ltd were trading 6% lower at ₹116.80 at 14:34 IST on the NSE following the release of disappointing Q3 results. According to reports from CNBC TV18, the stock decline reflects investor concerns over the company's weak performance in the December quarter.
The company reported a significant deterioration in financial metrics for Q3. Net profit fell 36.7% year-on-year to ₹51.6 crore compared with ₹84 crore in the same quarter last year, as reported by CNBC TV18. Revenue from operations also declined 36.7% YoY to ₹153.3 crore, down from ₹242.3 crore a year ago, reflecting slower execution and muted activity during the quarter.
Operating performance deteriorated sharply with EBITDA dropping 69.3% YoY to ₹32.7 crore, compared with ₹106.6 crore in Q3 last year, according to CNBC TV18 reports. EBITDA margin contracted to 21.3% from 44%, indicating pressure on cost absorption and operating leverage. The margin compression reflects the company's inability to maintain profitability despite revenue decline.
On the cost front, total expenses stood at ₹126.3 crore in Q3 compared with ₹140.4 crore in the year-ago quarter, as reported by CNBC TV18. Cost of materials consumed came in at ₹54.6 crore, while changes in inventories resulted in a ₹32.9 crore write-down during the quarter. Employee benefit expenses were ₹18.2 crore, while finance costs stood at ₹2.2 crore.
For the nine months ended December 31, Man Infraconstruction reported revenue from operations of ₹484.9 crore, compared with ₹814.3 crore in the corresponding period last year, according to CNBC TV18. Net profit for the nine-month period declined to ₹195.6 crore, from ₹215.6 crore a year ago, reflecting continued pressure on execution and operating profitability. The company operates as an integrated engineering, procurement, and construction (EPC) company with operations in EPC contracts and real estate development.
