BigBloc Construction Limited Announces Financial Results For Quarter And Year Ended March 31, 2022

Pune (P&V News Service): Incorporated in 2015, BigBloc Construction Limited is a Premier Aerated Autoclaved Concrete (AAC) Block Manufacturing Company in the state of Gujarat. 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. Total Income for the quarter ended March 2022 at Rs 2,938 lakhs was higher by 25% over corresponding quarter last year’s income of Rs 2,352 lakhs. EBITDA for the quarter ended March 2022 was reported at Rs 467 lakhs (EBITDA Margin at 15.9%) as compared to Rs 508 lakhs (EBITDA Margin at 22.6%) 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. PAT for Q4FY22 increased to Rs 225 lakhs over corresponding quarter last year’s PAT of Rs 328 lakhs. The Earnings per share was at Rs 0.32 per share for Q4FY22.