BIGBLOC Const.

Bigbloc Construction delivered its best quarterly performance to date in Q3 FY26, with consolidated revenue from operations reaching ₹72.8 crores. This represents a significant growth of 28.1% year-on-year and 8.2% sequentially. The robust performance was primarily driven by a 38% increase in sales volume, which reached 2,14,643 cubic meters for the quarter. For the nine-month period, revenue from operations stood at ₹196.5 crores, reflecting a 22.8% growth over 9M FY25.

The company saw a substantial improvement in profitability, with EBITDA for Q3 FY26 at ₹8.1 crores, marking a 31.8% year-on-year increase. EBITDA margins expanded significantly to 11.1%, up from 2.8% in Q3 FY25 and 10.8% in Q2 FY26. This margin expansion was attributed to improved capacity utilization, better price realizations (up 2-3% QoQ), and a more efficient cost structure, including savings in variable and fixed costs. The company also returned to profitability, reporting a profit after tax of ₹0.4 crores for the quarter.

Consolidated capacity utilization improved to 67% in Q3 FY26, compared to 62% in the previous quarter and 53% in the same quarter last year. This higher utilization across facilities helped lower fixed costs per unit and supported margin recovery. The JV facility, SIAM Cement BigBloc Construction Technologies, saw its utilization reach 51% in Q3 FY26, up from 43% in Q2. The Ahmedabad StarBigBloc plant operated at 80-81% utilization, while the Vapi plant was at 68%.

Bigbloc Construction secured a significant purchase order from Larsen & Toubro for AAC blocks, strengthening its presence in large infrastructure projects. Trial runs for the construction chemicals facility at Umargaon have commenced, with commercial production expected soon, marking a key step in product diversification. The company is also seeing increasing acceptance of large-format wall panels, particularly for industrial and commercial projects, with a growing pipeline of inquiries.

The company is planning a new plant in Madhya Pradesh with an installed capacity of 2,00,000 to 2,50,000 cubic meters per annum. The total capital expenditure for this facility is estimated to be between ₹75 crores to ₹80 crores, with operationalization expected within the next 10 to 12 months. Land for this expansion has already been acquired, and negotiations for construction and machinery suppliers are underway, with the project intended to start in the running quarter.

Sustainability remains a core focus, with the contribution of renewable energy to total power consumption increasing to 36% during the quarter, up from 26% in the previous quarter. This reflects a commitment to reducing carbon emissions and lowering energy costs. Management expects construction activity to remain strong, driven by government initiatives in affordable housing and infrastructure, and aims to sustain momentum in capacity utilization, scale up wall panel operations, and commence construction chemicals production.