BigBloc Construction reports net profit of Rs. 8.65 cr in Q4 FY24

Bigbloc Construction's Q4 Net Profit Up 55%

Bigbloc Construction has reported a significant increase in its net profit for the fourth quarter of FY24, rising by 55%. This robust financial performance reflects the company's resilience and effective management amidst challenging market conditions.

The substantial growth in net profit highlights Bigbloc Construction's strategic initiatives and operational efficiency. Despite the economic uncertainties and industry-specific challenges, the company has managed to deliver strong financial results, demonstrating its ability to adapt and thrive in a dynamic environment.

The posi..

Bigbloc subsidiary invests Rs 300 mn in Maharashtra plant expansion

Bigbloc Building Elements, a wholly-owned subsidiary of Bigbloc Construction, intends to invest around Rs 300 million in the enlargement of its manufacturing plant for AAC Blocks situated in Wada, Maharashtra.

Following the expansion, the production capacity is set to double from 2,50,000 CBM to 5,00,000 CBM.

It has been stated that the expansion will be funded through a combination of internal accruals and debt and is anticipated to be concluded within a span of six months.

The initial phase of the project witnessed the establishment of a plant with a capacity of 2.5 lakh..

BigBloc Construction's net profit dips in Q4 FY23

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..

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

Chinese EV Giant Leapmotor Eyes Indian Market

Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.

Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..