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BigBloc Construction Ltd has reported a sharp improvement in its financial performance for the June quarter of FY27, with its net loss narrowing to INR 71.95 lakh from INR 4.96 crore in the corresponding quarter a year earlier. Revenue from operations rose 40.5% year-on-year to INR 79.14 crore, while EBITDA increased 386% to INR 6.28 crore. The company attributed the improvement to cost management, operational efficiencies and continued demand for construction materials. It has also secured a project from Larsen & Toubro for a Bullet Train station, adding to its infrastructure-related orders.
Construction material manufacturer BigBloc Construction Ltd has reported a narrower net loss of INR 71.95 lakh for the June quarter of FY27, compared with a net loss of INR 4.96 crore in the same quarter last year. The improvement was supported by better cost management and higher operating revenue.
Revenue from operations increased 40.5% year-on-year to INR 79.14 crore during the quarter, compared with INR 56.35 crore in the corresponding period of the previous financial year. The company manufactures autoclaved aerated concrete (AAC) blocks, bricks and wall panels.
Operating performance also improved during the quarter. EBITDA stood at INR 6.28 crore, marking a 386% year-on-year increase from the corresponding period last year.
BigBloc has also secured a project from Larsen & Toubro for the construction of a Bullet Train station. The order adds to the company's presence in large-scale infrastructure projects and expands its exposure beyond conventional building material demand.
The company's recent business developments have included expansion in AAC wall panels and construction chemicals. Its joint venture, Siam Cement BigBloc Construction Technologies, operates an AAC wall panel facility at Kheda in Gujarat. The joint venture is between BigBloc Construction and Thailand's SCG International.
The Kheda facility has an annual production capacity of 2.5 lakh cubic metres for large-format AAC wall products. The company had earlier secured an order from Tata Projects for supplying and installing 100 mm AAC panels at Micron India's semiconductor facility in Sanand, Gujarat. The INR 4.5 crore order covered 2 lakh square feet of panels and was among the joint venture's early major orders after the Kheda facility began operations.
BigBloc had also completed Phase 2 of the expansion at its Wada facility through its wholly owned subsidiary BigBloc Building Elements. The expansion doubled the facility's AAC block manufacturing capacity from 2.5 lakh cubic metres to 5 lakh cubic metres per annum. The company's total installed manufacturing capacity had reached about 1.3 million cubic metres per annum by the end of FY25.
The company has also been expanding into construction chemicals, including block jointing mortar, ready-mix plaster and tile adhesives. This forms part of its effort to broaden its building-material portfolio beyond AAC blocks and panels. Its operations have also included investments in renewable power, with solar installations being developed across its facilities and subsidiaries.
Mohit Saboo, Director and CFO, BigBloc Construction Ltd, said the company had started FY27 with a solid financial performance while continuing its shift towards an integrated green building solutions business. He attributed the quarter's performance to its diversified business model, demand for sustainable construction materials, operational efficiencies and disciplined execution.
The company had faced pressure in FY25 from slower construction activity, delays in infrastructure execution, prolonged monsoon conditions and the technology upgrade at its Umargaon facility. It subsequently completed the upgrade and gradually scaled up operations at the plant.
Source PTI
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