BigBloc Construction Ltd reports Net Profit of Rs. 8.65 crore in Q4 FY24, rise of 55.65 Percent Y-o-Y
Surat (Gujarat) [India], May 8: BigBloc Construction Limited, one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks, Bricks, and Panels in India has reported consolidated net profit of Rs. 8.65 crore (PAT margin 12.05%) for Q4 ended March 2024, growth of 55.65% Y-o-Y as compared to the net profit of Rs. 5.56 crore [...]
Surat (Gujarat) [India], May 8: BigBloc Construction Limited, one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks, Bricks, and Panels in India has reported consolidated net profit of Rs. 8.65 crore (PAT margin 12.05%) for Q4 ended March 2024, growth of 55.65% Y-o-Y as compared to the net profit of Rs. 5.56 crore (PAT margin 11.76%) in Q4 FY23. Revenue from Operations during Q4 FY24 was reported at Rs. 67.95 crore, a rise of 46% Y-o-Y as compared to revenue of Rs. 46.55 crore reported in Q4 FY23. EBITDA for Q4 FY24 stood at Rs. 12.55 crore (EBITDA Margin 18.47%), rise of 18.35% as compared to EBITDA of Rs. 10.60 crore (EBITDA Margin 22.78%) during Q4 FY23. EPS for Q4FY24 stood at Rs. 1.22 per share. The Company has recommended a final dividend at the rate of 20% for the FY 23-24 subject to the approval in the Annual General Meeting.
The Company has recommended a final dividend at the rate of 20% for the FY 23-24
Highlights : –In March 2024, its subsidiary, SIAM Cement BigBloc Construction Technologies Pvt Ltd commenced production at its 2.5 lakh cbm per annum AAC Blocks and ALC Panels Greenfield unit in Kheda District near Ahmedabad
–Bigbloc Building Elements Pvt Ltd received an eligibility certificate for a subsidy of Rs. 27.14 crore under incentive scheme, Government of Maharashtra for completion of Phase I – AAC blocks project at Wada in Palghar, Maharashtra.
–In December 2023, Bigbloc Building Elements Pvt Ltd has initiated work on the 2nd phase of the AAC blocks plant with 2.5 lakh cubic meter per annum capacity at Wada in Palghar, Maharashtra
–Post completion of the ongoing expansion, the company’s total capacities will increase to 13 lakhs cbm per annum by June 2024
Particulars
Q4 FY24
Q4 FY23
% Change
FY FY24
FY FY23
% Change
Revenue from Operations
67.95
46.55
46.00%
243.22
200.11
21.55%
EBITDA
12.55
10.60
18.35%
56.15
50.01
12.29%
EBITDA Margin (%)
18.47
22.78
(431 bps)
23.09
24.99
(190 bps)
PAT
8.65
5.56
55.65%
30.69
30.14
1.83%
PAT Margin (%)
12.05
11.76
29 bps
12.41
15.00
(259 bps)
EPS (in Rs.)
1.22
0.79
54.14%
4.36
4.28
1.92%
Incorporated in 2015, BigBloc Construction Ltd is one of the largest and only listed company in the AAC Block Space with an installed capacity of 10.75 lakh cubic meters per annum. Company’s manufacturing plants are located in Umargaon (Vapi) and Kapadvanj (Ahmedabad) in Gujarat and Wada (Palghar) in Maharashtra. It is among very few company in AAC industry to generate carbon credits.
