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BigBloc Construction reports net profit of Rs. 8.65 cr in Q4 FY24.

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BigBloc Construction reports net profit of Rs. 8.65 cr in Q4 FY24.

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. 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.

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 and 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?

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