Man Infraconstruction Ltd. showed an over-twofold rise in its standalone net profit to Rs 0.66 billion for the March quarter, increasing over Rs 0.29 billion during the fourth quarter of the last fiscal. The rise was seen on account of lower expenses.

EPC company Man Infraconstruction specialises in infrastructure, ports, commercial projects, institutions, IT projects, futuristic lifestyle homes, etc.

Man Infraconstruction reduced their expenditures from Rs 3.32 billion to Rs 1.14 billion in the previous year.In the fourth quarter of FY23, the firm reduced its cost of materials from Rs 2.65 billion to Rs 0.57 billion.It is to be noted that from January to March of FY23, the company's overall income dropped to Rs 1.86 billion from Rs 3.70 billion.