Now Reading: BigBloc Construction Q1 EBITDA jumps 386%, wins bullet train project
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BigBloc Construction Q1 EBITDA jumps 386%, wins bullet train project
BigBloc Construction Q1 EBITDA jumps 386%, wins bullet train project
BigBloc Construction Ltd, a small-cap company with a market cap of Rs 660.03 crore, reported a 386% jump in EBITDA to Rs 6.28 crore for the first quarter of FY27. Revenue from…
The Story in Brief
BigBloc Construction Ltd, a small-cap company with a market cap of Rs 660.03 crore, reported a 386% jump in EBITDA to Rs 6.28 crore for the first quarter of FY27. Revenue from operations rose 40.5% year-on-year to Rs 79.14 crore, and net loss narrowed from Rs 4.96 crore to Rs 71.95 lakh. The company secured a bullet train station construction project from Larsen & Toubro (L&T), the news agency ANI reports.
Capacity utilisation improved to 69% from 53% a year ago. The group has bought land near Indore, Madhya Pradesh, to set up India's largest greenfield AAC blocks plant, expected to start construction after the monsoon. Commercial production of construction chemicals at Umargaon has begun.
The Indian Opinion
This small-cap’s stunning Q1 numbers will invite comparisons to the broader market recovery. But there is a longer road ahead. The net loss shrank to Rs 71.95 lakh from Rs 4.96 crore, and capacity utilisation rose to 69% despite labour shortages. Investors must watch whether the Indore AAC plant, billed as India’s largest greenfield facility, comes online on schedule and whether the L&T bullet train contract translates into sustained revenue growth. One strong quarter does not make a trend.
Source: bazaar.businesstoday.in
This story was synthesised by AI from the source linked above.
