Bigbloc Construction Limited (BIGBLOC) Earnings Call Transcript & Summary

Ladies and gentlemen, good day, and welcome to the Bigbloc Construction Limited Q4 and FY '25 Earnings Conference Call, hosted by Ventura Securities Limited. [Operator Instructions] Please note, this conference is being recorded. Before we begin, I would like to point out that this conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements do not guarantee the future performance of the company, and it may involve risks and uncertainties that are difficult to predict. 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 Mr. Mohit Saboo for his opening remarks. Thank you, and over to you, sir.

Good afternoon, everyone. It is my pleasure to welcome you all to Bigbloc Construction Limited earnings conference call for the fourth quarter and financial year ended 31st March 2025. Thank you for taking the time to join us today. Let me begin by summarizing our financial and operational performance for the quarter and full year ended, followed by key strategic developments. For the fourth quarter of FY '25, we reported consolidated revenue from operations of INR 646 million, reflecting a sequential growth of 13.7 percentage. This volume during the quarter stood at [ 1,75,464 ] cubic meters, marking a 12.8% improvement over the previous quarter. EBITDA for the quarter was INR 57 million, with a margin of 8.9 percentage. Profit after tax for the quarter was marginally negative at INR 3 million. For the full year FY '25, the company reported consolidated revenue from operations of INR 2,246 million, a decline of 7.6% year-on-year. The revenue decline was primarily due to a slowdown in India's construction sector, which was affected by delays in infrastructure execution during the general election and prolonged monsoon conditions. These factors disrupted [ price ] activity, logistics and order flows, particularly in key geographies, such as Maharashtra and Gujarat. The consolidated capital utilization for the year stood at [ 59% ], impacted by the plant shutdown and technology upgradation at our [indiscernible] facility. As a result, EBITDA for FY '25 stood at INR 292 million. However, prior operations and operated [indiscernible] plant commenced in October 2024, and the unit is now gradually scaling up to optimal levels. The technology enhancements are expected to support long-term operational efficiency and product consistency. During the year, we completed phase 2 of capacity [indiscernible] at our [indiscernible] facility and our wholly owned subsidiary Bigbloc Building Elements Private Limited. With this expansion, our total installed manufacturing capacity has reached 1.3 million cubic meters per annum, positioning us among the largest [ ASC ] block manufacturers in the country. In parallel, our joint venture company, SIAM Cement Bigbloc Construction Technologies, launched India's first AAC wall panel plant at Kheda in Gujarat. The JV secured a [indiscernible] order from Tata Projects for the supply of panels to Micron semiconductor unit in Sanand, which marked an important milestone in bringing large format walling solutions to the Indian market. Further explaining our portfolio diversification, the company is venturing into manufacturing of construction chemicals through its subsidiary at [ Umargaon ] facility. The strategic move broadens Bigbloc's offering and enables entry into fast-growing segments within the building materials industry. On the sustainability front, the total installed solar power plant capacity across Bigbloc and its subsidiaries now stands at 2,375 kilowatts. With this initiative, the company is now meeting approximately 20% to 25% of its power requirements through renewable energy, thereby aligning operations with its long-term ESG goals. Looking ahead, in line with our long-term expansion strategy, our subsidiary, StarBigBloc Building Material Limited, has acquired land in Madhya Pradesh to establish manufacturing operations in Central India. Furthermore, with the commissioning of the [indiscernible] plant and the stabilization of the new AAC wall panel operations, we are well positioned to leverage the anticipated recovery in construction activity in FY '26. With that, I conclude my remarks. We will now open the floor for questions and answers.

[Operator Instructions] Now I hand over the floor to Mr. Mohit Saboo for closing remarks.

Thank you all for taking the time to join us today and for your continued interest in Bigbloc Construction. As we continue to navigate opportunities ahead, we remain committed to delivering consistent growth and value in the coming quarters. If you have any further questions, please feel free to reach out to our Investor Relation Adviser, Churchgate Partners, and we will be happy to address your queries. Thanks a lot. Have a good day. Bye-bye.

Ladies and gentlemen, this concludes the conference call for today. Thank you for your participation. You may disconnect your lines now. Thank you, and have a good day.