Q1 FY25: BigBloc Construction's net profit dips 48.64%

14 Aug 2024 CW Team

The company?s net consolidated total income for Q1 FY25 was Rs 522.6 million, reflecting a decrease of 4.86% from the Rs 54.93 crore reported in the corresponding quarter of the previous year.

Narayan Saboo, chairman of BigBloc Construction, mentioned that with the ongoing projects at Kapadvanj and Wada proceeding as planned, the company is on track to significantly impact the market. To reward shareholders and enhance liquidity, the board has recommended a bonus issue to reinforce the company's equity base.

BigBloc's capacity utilisation for the first quarter stood at 78%. The installed capacity increased from 300,000 CBM to 400,000 CBM per annum as of 1st June 2024, with further expansion expected to raise the installed capacity to 500,000 CBM.

During its board meeting on 19th July 2024, the company recommended issuing bonus equity shares in a 1:1 ratio, meaning shareholders will receive one bonus share for every existing equity share held, subject to shareholder approval at the AGM on 29th August 2024. Rs. 28.31 crore from free reserves will be utilised for this Bonus Issue, with the shares expected to be credited by 18th September 2024, pending the necessary approvals.

Saboo added that the company experienced flat volume growth in Q1 FY25 due to market disruptions from the Holi festival and delays related to the Loksabha Elections, which particularly impacted the West and North regions reliant on migrant labour. Additionally, in Ahmedabad and Gandhinagar, construction activities were halted for 4 to 5 hours daily in May 2024 due to extreme heat, following Municipal Corporation guidelines, which affected block demand. Furthermore, the Umargaon plant has been undergoing a planned temporary shutdown for technology upgrades since 18th May 2024.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

BigBloc Construction reported that its net consolidated profit grew by 48.64% during the quarter ending 30th June 2024. The company noted that its profit after tax stood at Rs 30.3 million in Q1 FY25, compared to Rs 59 million recorded in the same quarter of the previous fiscal, as stated in a filing to the Bombay Stock Exchange (BSE). The company?s net consolidated total income for Q1 FY25 was Rs 522.6 million, reflecting a decrease of 4.86% from the Rs 54.93 crore reported in the corresponding quarter of the previous year. Narayan Saboo, chairman of BigBloc Construction, mentioned that with the ongoing projects at Kapadvanj and Wada proceeding as planned, the company is on track to significantly impact the market. To reward shareholders and enhance liquidity, the board has recommended a bonus issue to reinforce the company's equity base. BigBloc's capacity utilisation for the first quarter stood at 78%. The installed capacity increased from 300,000 CBM to 400,000 CBM per annum as of 1st June 2024, with further expansion expected to raise the installed capacity to 500,000 CBM. During its board meeting on 19th July 2024, the company recommended issuing bonus equity shares in a 1:1 ratio, meaning shareholders will receive one bonus share for every existing equity share held, subject to shareholder approval at the AGM on 29th August 2024. Rs. 28.31 crore from free reserves will be utilised for this Bonus Issue, with the shares expected to be credited by 18th September 2024, pending the necessary approvals. Saboo added that the company experienced flat volume growth in Q1 FY25 due to market disruptions from the Holi festival and delays related to the Loksabha Elections, which particularly impacted the West and North regions reliant on migrant labour. Additionally, in Ahmedabad and Gandhinagar, construction activities were halted for 4 to 5 hours daily in May 2024 due to extreme heat, following Municipal Corporation guidelines, which affected block demand. Furthermore, the Umargaon plant has been undergoing a planned temporary shutdown for technology upgrades since 18th May 2024.

Products

10 Sep 2025

Hikvision Boosts Traffic Safety with Smart Entry-Exit Solutions

Smart Entrance and Exit Management Solutions are increasingly vital for improving traffic safety and transport security. Hikvision has introduced advanced systems featuring automated boom barrier gates with multiple pole options, enabling flexible and efficient access control. These solutions address vehicle entry and exit challenges across malls, residential complexes, industrial parks, corporate campuses and retail facilities. By offering detailed vehicle movement records, they reduce risks such as theft or damage while supporting security managers in maintaining safe operations. H..

Equipment

10 Sep 2025

John Crane Launches Type 8628VL Seal for Ethane Pipelines

John Crane has unveiled the Type 8628VL, a next-generation mechanical seal engineered to address sealing challenges in multiphase ethane and ethylene pipelines. Using spiral groove non-contacting technology, the seal ensures high reliability, operational efficiency, and environmental compliance under volatile pressure and temperature conditions. Ethane pipelines face frequent phase shifts from liquid to vapour to supercritical, often compromising conventional seals. The Type 8628VL, with dual non-contacting seal faces in tandem configuration, delivers hydrodynamic lift, phase-change resilienc..

Real Estate

10 Sep 2025

Embassy’s Paradiso in North Bengaluru Sold Out at Rs 2.04 billion

Embassy Developments has announced that Paradiso, its latest luxury plotted development in Embassy Springs, North Bengaluru, has sold out completely, generating pre-sales of about Rs 2.04 billion. Spread across 6.4 acre, Paradiso offers large-format plots between 4,300 and 4,800 sq ft, starting at Rs 43 million. The project attracted strong demand from high-net-worth individuals and new-age buyers seeking premium plots in low-density, infrastructure-ready communities in Bengaluru’s prime growth corridor. Embassy Springs, a 300-acre township located 15 minutes from Kempegowda Intern..