- BigBloc Construction, a leading manufacturer of AAC blocks in India, has seen a steady growth in its shares, significantly multiplying investors’ wealth.
- Ace investor Shankar Sharma recently acquired a 0.51% stake in the company, equivalent to 3.65 lakh shares, through open market transactions.
- The company’s shares have surged by an impressive 1391% since April 2021, reaching the current price of ₹247.55.
BigBloc Construction’s shares have seen a steady rise, attracting significant market attention and investment from ace investor Shankar Sharma.
Impressive Financial Performance
The company reported a consolidated net profit of ₹8.65 crore for Q4 FY24, marking a significant growth of 55.65% YoY. Revenue from operations during Q4 FY24 stood at ₹67.95 crore, showing a notable rise of 46% YoY. For FY24, the company reported a consolidated net profit of ₹30.69 crore, indicating a 21.55% YoY rise from ₹200.11 crore in FY23.
Recent Developments and Future Outlook
In March, BigBloc Building Elements, a subsidiary of the company, received an eligibility certificate for a subsidy of ₹27.14 crore under the Maharashtra government’s incentive scheme. Additionally, a joint venture between BigBloc Construction Ltd and Thailand’s SCG International India Pvt Ltd commenced production at its Greenfield project in Kheda district near Ahmedabad. The joint venture plant has an installed capacity of 2.5 lakh cubic meters per annum and will manufacture AAC blocks and ALC panels.
Conclusion
With its consistent financial performance and recent developments, BigBloc Construction continues to be a promising investment. The company’s focus on expanding its capacity and entering into strategic partnerships further strengthens its market position. However, investors are advised to consult with certified experts before making any investment decisions.
