Compared to the net profit of Rs 5.56 crore (PAT margin 11.76%) in Q4 FY23, there was a 55.65% year-over-year growth in Q4 FY24 for BigBloc Construction, one of the biggest producers of aerated autoclaved concrete (AAC) blocks, bricks, and panels in India. The company reported a consolidated net profit of Rs 8.65 crore.
(PAT margin 12.05%) for the quarter that ended in March 2024. In comparison to the revenue of Rs. 46.55 crore recorded in Q4 FY23, revenue from operations during Q4 FY24 was reported at Rs. 67.95 crore, a 46% YoY increase. EBITDA increased by 18.35% to Rs. 12.55 crore (EBITDA Margin: 18.47%) in Q4 FY24 from Rs. 10.60 crore (EBITDA Margin: 22.78%) in Q4 FY23.
Founded in 2015, BigBloc Construction boasts an installed capacity of 10.75 lakh cu m annually, making it one of the largest and only public companies in the AAC block industry. The company’s production facilities are situated in Maharashtra’s Wada (Pallghar) and Gujarat’s Umargaon (Vapi), Kapadvanj (Ahmedabad), and Gujarat. It is one of the very few businesses in the AAC sector that produces carbon credits.
Bigbloc Construction’s chairman, Narayan Saboo, stated, “The company achieved its highest-ever revenue, EBITDA, and net profit figures in Q4 and FY24, reflecting robust operational and financial performance. These results marked a milestone.” The company’s dedication to achieving growth while upholding healthy margins.
following its long-term growth plan is demonstrated by its steady success. We anticipate that the growing trend will continue and will pick up more steam in the upcoming years. The company’s operational effectiveness, strategic growth efforts, and focus on introducing novel and eco-friendly solutions will be its main.
differentiators and growth drivers in the future, helping to maximise value for all stakeholders.What? EPS was Rs 1.22 per share for Q4FY24. The Business has suggested a final dividend for the fiscal year 23–24 at a rate of 20%, subject to approval at the annual general meeting.
In April 2024, IndiGo, India’s largest airline, placed a firm order for 30 Airbus A350-900 aircraft, marking its entry into the wide-body aircraft segment. This strategic move is set to significantly boost the Indian aviation industry.
Enhancing International Connectivity
The introduction of wide-body A350-900s enables IndiGo to operate long-haul international routes, connecting major Indian cities to destinations across Europe, North America, and Australia. This expansion not only offers passengers more travel options but also positions India as a global aviation hub.
Economic Implications
Long-haul operations are generally more profitable for airlines. IndiGo’s venture into this segment is expected to enhance its revenue streams, contributing positively to the Indian aviation sector’s growth. Additionally, improved connectivity can stimulate tourism and trade, bolstering the national economy.
Strengthening India’s Aviation Hub Aspirations
IndiGo’s expansion into long-haul flights aligns with India’s goal to establish itself as a prominent global aviation hub. By offering direct international flights, the airline reduces dependency on foreign carriers, retaining passenger traffic within Indian airlines and supporting domestic infrastructure development.
Fleet Modernization and Environmental Benefits
The Airbus A350-900 is renowned for its fuel efficiency and advanced technology. IndiGo’s acquisition of these aircraft signifies a commitment to modernizing its fleet, leading to reduced operational costs and a smaller carbon footprint, aligning with global sustainability trends.
In summary, IndiGo’s order for 30 Airbus A350-900 aircraft represents a pivotal development in Indian aviation, enhancing international connectivity, economic growth, and environmental sustainability.
Group Media Publication
Construction, Infrastructure and Mining
General News Platforms – IHTLive.com
Entertainment News Platforms – https://anyflix.in/
Legal and Laws News Platforms – https://legalmatters.in/
Podcast Platforms – https://anyfm.in/
%20/23%20cimr%204.jpg "India is selected to host the ICCC Conference in 2027.")