Meanwhile, the board of administrators of the corporate has really useful the primary interim dividend of Rs 0.45 per fairness share having a face worth of Rs 2 every, for FY26.
Shares of EPC agency Man Infraconstruction gained on Tuesday even because the market remained unstable. The surge within the share worth comes after the civil development firm shared updates associated to an acquisition. The counter began the session within the inexperienced at Rs 161.20 on the BSE towards the earlier shut of Rs 160.60. It gained additional to the touch the intraday excessive of Rs 165.40 – a acquire of three.21 per cent from the final closing worth. The inventory has gained after two consecutive days of decline. On technical parameters, the counter is buying and selling larger than 20-day and 50-day transferring averages however decrease than 5-day, 100-day and 200-day transferring averages.
Acquisition Update
The ECP firm has knowledgeable exchanges that MICL TIGERTAIL LLC, an affiliate of MICL Global, INC, a wholly-owned subsidiary of the corporate, have acquired an extra 25 per cent of the membership Interest within the mentioned LLC, efficient from May 27, 2025.
MICL TIGERTAIL LLC was integrated in June 2024 in Miami, Florida, USA. According to the corporate, the acquisition is meant to advance the corporate’s strategic objectives in actual property improvement, despite the fact that it’s nonetheless within the early phases of enterprise operations with a zero turnover fee, in response to a report in DSIJ.
Quarter Results
The firm has reported over 50 per cent development in consolidated internet revenue within the quarter ended March 31, 2025. According to the trade submitting, internet revenue of the corporate within the quarter into account was Rs 97.15 crore. It had posted a internet revenue of Rs 64.65 crore in the identical quarter a yr in the past.
The firm’s whole revenue was at Rs 327.83 crore, down from Rs 332.26 crore within the year-ago quarter.
Man Infraconstruction trimmed its bills to Rs 194.81 crore within the fourth quarter, from Rs 261.72 crore in January-March FY24.
Meanwhile, the board of administrators of the corporate has really useful the primary interim dividend of Rs 0.45 per fairness share having a face worth of Rs 2 every, for FY26.
(This article is for informational functions solely and shouldn’t be construed as funding, monetary, or different recommendation.)
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