Incorporated in 2015, BigBloc Construction Limited is a Premier Aerated Autoclaved Concrete (AAC) Block Manufacturing Company in the state of Gujarat. The company has reported a PAT of Rs. 748 lakhs for Q4FY22 over corresponding quarter last year’s PAT of Rs. 346 lakhs, a jump of 116%. Total Income for the quarter ended March 2022 at Rs. 5,310 lakhs was higher by 25% over corresponding quarter last year’s income of Rs. 3,937 lakhs. EBITDA for the quarter ended March 2022 was reported at Rs. 1,087 lakhs (EBITDA Margin at 20.5%) as compared to Rs. 589 lakhs (EBITDA Margin at 14.9%) over previous fiscal’s same period. This is mainly because of stable average realizations of our high margin products, efficient product mix, production efficiency, and higher capacity utilization. The Earnings per share was at Rs. 1.06 per share for Q4FY22.
Commenting on the Performance, Mr. Narayan Saboo, Chairman & Managing Director said, “The last quarter of FY22 saw a significant rise in number of Covid-19 cases which resulted in moderation of economic activity. However, the economy gained momentum with decline in Covid cases in the months of February and March. Despite the headwinds, your company has registered 70% consolidated growth in revenues for the financial year 2021-22. With the economy regaining normalcy, strong spikes in demand has been witnessed for our products.
During the year, your company laid down plans for installation of greenfield projects at Wada and Ahmedabad. The facilities will have a combined capacity of 8,00,000 cbm p.a. With these new additions, your Company’s total capacities will increase to 13,75,000 cbm p.a. making us the leader in this industry. We believe that, with this expansion we will be able to cater to the growing demand for this product and enhance our market share. Our grit and determination remains focused towards implementing various cost effective measures and achieve operational excellence. We intend to putforth a strong hold over our products and further penetrate into untapped markets across the western regions.
The company manufactures AAC blocks, a high-quality building material with a unique combination of strength, low weight, thermal insulation, sound absorption, unrivalled fire resistance, and unmatched build ability. The Company’s manufacturing plants are located in Umargaon and Kapadvanj to cater to Maharashtra, Gujarat, Madhya Pradesh and Rajasthan. The company has destined itself towards producing sustainable products and solutions for a better environmental balance.
Key Developments during the quarter
1) The promoter shareholding increased to 72.27% in March 2022 from 71.81% in December 2021.
2) Purchased the land for plant/factory at Wada, Palghar District, Maharashtra, of 38,000 sq. mtrs. in the name of “Bigbloc Building Elements Private Limited” a wholly owned subsidiary of Bigbloc Construction Limited.
