Shares of Man Infraconstruction to be in focus post this update related to subsidiary | Check Details here
GH News August 27, 2025 05:06 PM

Shares of Man Infraconstruction are expected to be in focus on Thursday August 28 2025. This is because the EPC company has informed the exchanges that its wholly owned subsidiary has acquired a 50 per cent membership interest in Admire 1250 LLC. This acquisition is significant as it aligns with the companys objective of expanding its real estate development business. The company also stated that the acquisition has been made with an initial capital contribution of USD 5 million which is a strategic investment for future growth.
Admire 1250 LLC is an associate entity of MICL Global. It was incorporated in Delaware USA in August 2025. The acquisition is intended for the purpose of carrying out real estate development and other related activities.
Meanwhile the stock of ended in the red in the last trading session. It ended the session at Rs 163.70 with a loss of 0.06 per cent when compared to the closing price on August 25 2025.
The dip in the stock price comes as the market fell sharply amid weak global cues and widespread selling pressure after the US issued a draft notice on the implementation of an additional 25 per cent tariff on Indian products.
Earlier the company reported over 50 per cent growth in consolidated net profit to Rs 97.15 crore in the January-March quarter of the financial year 2024-25. Lower expenses helped the increase in consolidated net profit.
The firm had posted a net profit of Rs 64.65 crore in the same quarter of the preceding 2023-24 fiscal year the company stated in an exchange filing.
The companys total income was at Rs 327.83 crore down from Rs 332.26 crore in the year-ago quarter.
Man Infraconstruction trimmed its expenses to Rs 194.81 crore in the fourth quarter from Rs 261.72 crore in January-March FY24.
With PTI inputs