Bigbloc Construction Ltd Q1 FY26 Results

For the first quarter of FY2026 Bigbloc Construction reported consolidated Revenue from Operations of Rs. 564 million, reflecting a growth of 9.3% year-on-year. This growth was driven by higher sales volumes, which increased 25.3% compared to the same period last year. However, the growth in volumes was partially offset by lower average realisations. The quarter also saw seasonal moderation in activity influenced by the post-festive demand slowdown, the onset of monsoon and a softer real estate sector, a key demand driver for our products which affected the near-term growth momentum. On profitability, Gross profit for the quarter was Rs. 304 million, with a margin of 53.9%. EBITDA was Rs. 13 million, with a margin of 2.3%. Margins were impacted by softer pricing, seasonal lower demand and lower capacity utilisation. With demand expected to normalise in the coming quarter, we expect improved operating performance going forward with higher capacity utilisation and the commissioning of new product lines. The consolidated capacity utilisation for the quarter was 53%. While utilisation was marginally lower than the previous quarter, early signs of demand recovery are visible in the current period and we expect utilisation levels to improve from Q2 FY2026 as construction activity picks up post-monsoon. Additionally, AAC wall panel production is seeing a gradual ramp-up, supported by market awareness and the process of securing final products certifications that will enable broader adoption. On the strategic front, the Company remains on track to commence manufacturing of construction chemicals at the Umargaon facility in the next quarter, further diversifying its product portfolio. Furthermore, the contribution of renewable energy to total power consumption has increased to 26% from 22% in the previous quarter, reflecting our commitment to sustainable operations. Looking ahead, we remain focused on increasing capacity utilisation, expanding market penetration for AAC wall panels and bringing new product lines to market. With the anticipated recovery in construction activity post-monsoon, we remain confident of delivering improved performance in the coming quarters.