Bigbloc Construction Limited — Updates, 16-11-2024: Press Release

BigBloc Construction Ltd reported revenue from operations of Rs. 51.66 crore for Q2FY25, a decrease from Rs. 58.90 crore in Q2FY24. The company's EBITDA stood at Rs. 7.66 crore, with a margin of 14.89%, down from 25.30% in the previous year. Consolidated net profit reached Rs. 2.18 crore. The promoters increased their holding to 72.48%, acquiring 1.34 lakh shares. The company's Q2 performance was impacted by excessive monsoon conditions in Western India, leading to a 60% capacity utilization among its plants due to disruptions in production schedules. However, ongoing upgrades at the Umargaon plant were completed in mid-October 2024, and management remains optimistic about a strong Q3 and Q4 performance.

Notable developments include the completion of Phase 2 expansion at the Wada facility, doubling manufacturing capacity to 5 lakh cubic meters per annum, and a 3-year revenue CAGR of 33% alongside an EBITDA CAGR of 66%. The company has also launched India's first AAC Wall Plant under a joint venture, advancing its green initiatives with a total solar capacity nearing 3475 KW, positioning itself for significant growth in the construction materials market.