BigBloc Construction's net profit dips in Q4 FY23

26 May 2023 CW Team

The net consolidated profit of BigBloc Construction, a producer of aerated autoclaved concrete (AAC) blocks, bricks, and panels, fell by 25.80% during the three months ending March 31, 2023. The company said in a BSE filing that its profit after tax decreased to 55.5 million in Q4 FY23 from 74.8 million in the equivalent period of the previous fiscal.

The company's net consolidated total income for the fourth quarter of FY23 was 472.3 million, down 11.04 percent from the 530.9 million it reported for the same quarter in FY22.

For the fiscal year 2022–2023, the board of directors has recommended a 20% dividend, or Rs 0.40 per share, on the face value of Rs 2 per share.

According to the regulatory filing, the combined capacity utilisation for the most recent quarter was close to 80%.

In order to address the rising demand for AAC blocks in Western India, the company's wholly-owned subsidiary Bigbloc Building Elements has started commercial production of a 5-lakh cubic metre (cbm) per annum AAC Block factory at Wada in Palghar, Maharashtra. When operating at full capacity, the Wada facility will employ between 350 and 400 people and produce 200 crore rupees in revenue annually.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..