Q1 2025 Bigbloc Construction Ltd Earnings Call Transcript
Key Points
- Bigbloc Construction Ltd (BOM:540061) reported a year-on-year EBITDA growth of approximately 24%, with EBITDA margins at 18.6%.
- The company has increased its installed capacity from 300,000 cubic meters to 400,000 cubic meters per annum as of June 01, 2024, with further expansion to 500,000 cubic meters expected within the next two months.
- The Board has recommended a final dividend of 20% for FY23-'24, and the promoter group has waived their share of the dividends.
- Bigbloc Construction Ltd (BOM:540061) is installing a 625-kilowatt rooftop solar power project at its Wada plant, highlighting its commitment to sustainability.
- The company has started commercial production of India's first AAC wall plant at Kheda in Gujarat through its joint venture CM Cement Bigbloc Construction Technologies Private Limited.
- Operating revenue for the quarter de-grew by 6% year on year, and profit after tax de-grew by around 49% year on year.
- Flat volume growth was experienced due to market disruptions following delays related to the general election and excessive heat interruptions in Ahmedabad and Gandhinagar.
- Profitability remained under pressure due to expenses related to the inauguration and marketing of the new Smart Bill wall product and depreciation and other operating expenses.
- The joint venture CM Cement Bigbloc Construction Technologies Private Limited reported a loss of INR2.83 crores for Q1 FY25, impacting the overall profitability of the company.
- Capacity utilization at Bigbloc Building Elements Private Limited for the first quarter was 78%, indicating underutilization of installed capacity.
Ladies and gentlemen, good day, and welcome to the Bigbloc Construction Limited Q1 FY25 earnings conference call hosted by [Wintrust] Securities Limited. (Operator Instructions) Please note that this conference is being recorded. I would now like to hand the call to [Tushar] from Ventura Securities Limited. Thank you and over to you, Tushar.
Thank you. Good day, ladies and gentlemen. On behalf of the Ventura Securities Limited, I welcome you all to Bigbloc Construction Limited Q1 FY25 earnings confgerence call. The company is today represented by Mr. Mohit Saboo, Chief Financial Officer, and Mr. Manish Saboo, Head of Marketing and Strategy. I would now like to hand over the call to the Director of the company Mr. Mohit Saboo for his opening remarks. Thank you and over to you, sir.
Good morning, everyone. It is a pleasure to welcome you all to our earnings conference call for the first quarter of the financial year 2025.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investorsā 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
