Bigbloc Construction Cement & Cement Products declares Q4FY22 result:
Total Income for the quarter ended March 2022 at Rs 2,938 lakhs was higher by 25% over corresponding quarter last year’s income of Rs 2,352 lakhs. EBITDA for the quarter ended March 2022 was reported at Rs 467 lakhs(EBITDA Margin at 15.9%) as compared to Rs 508 lakhs (EBITDA Margin at 22.6%) over previous fiscal’s same period.
This is mainly because of stable average realizations of our high margin products, efficient product mix, production efficiency, and higher capacity utilization. PAT for Q4FY22 increased to Rs 225 lakhs over corresponding quarter last year’s PAT of Rs 328 lakhs. The Earnings per share was at Rs 0.32 per share for Q4FY22
Total Income for FY22 stood at Rs 10,462 lakhs, was higher by 81% over corresponding FY21 income of Rs 5,766 lakhs. EBITDA for FY22 was reported at Rs 1,626 lakhs (EBITDA Margin at 15.7%) as compared to Rs 718 lakhs (EBITDA Margin at 12.9%) over previous fiscal’s same period.
PAT for FY22 increased to Rs 771 lakhs over corresponding to FY21 PAT of Rs 38 lakhs. The EPS was at Rs 1.09 per share for FY22.
Commenting on the Performance, Mr. Narayan Saboo, Chairman & Managing Director said, "The last quarter of FY22 saw a significant rise in number of Covid-19 cases which resulted in moderation of economic activity. However, the economy gained momentum with decline in Covid cases in the months of February and March. Despite the headwinds, your company has registered 70% consolidated growth in revenues for the financial year 2021-22. With the economy regaining normalcy, strong spikes in demand has been witnessed for our products. During the year, your company laid down plans for installation of greenfield projects at Wada and Ahmedabad.
The facilities will have a combined capacity of 8,00,000 cbm p.a. With these new additions, your Company’s total capacities will increase to 13,75,000 cbm p.a. making us the leader in this industry. We believe that, with this expansion we will be able to cater to the growing demand for this product and enhance our market share. Our grit and determination remains focused towards implementing various cost effective measures and achieve operational excellence. We intend to putforth a strong hold over our products and further penetrate into untapped markets across the western regions.
Mr. Saboo further stated, the recent macro-economic conditions have led to soaring of input costs of key raw materials including cement, fuel costs and logistics. The company has put in place processes and systems to monitor these costs regularly and thereby reducing the impact on our margins. Our performance this quarter reflects this momentum with strong revenue and EBITDA growth. This has been led by rigorous efforts in brand premiumization and a superior product portfolio. We further look to expand our dealer networks in the real estate and construction segment. With strong business fundamentals and domestic opportunity, we remain optimistic as we leverage our strengths to achieve higher growth and create greater shareholder value.”
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