Bigbloc Construction Limited has reported its unaudited financial results for the second quarter of FY25, showing steady revenue with a decrease in profitability.
Key Financial Highlights for Q2 FY25:
- Revenue from Operations: The company’s revenue from operations amounted to ₹51.66 crore, down 12.2% compared to ₹58.90 crore in Q2 FY24. Sequentially, revenue showed a slight increase from ₹51.57 crore in Q1 FY25.
- Total Income: Including other income, total income for Q2 FY25 was ₹52.70 crore, a decline of 10.9% from ₹59.12 crore in Q2 FY24 but up marginally from ₹52.26 crore in Q1 FY25.
- Profit Before Tax (PBT): PBT for Q2 FY25 stood at ₹1.88 crore, a decrease of 81.6% from ₹10.25 crore in Q2 FY24 and down from ₹4.33 crore in Q1 FY25, indicating a significant YoY and sequential drop in profitability.
- Net Profit: The net profit for Q2 FY25 was ₹0.19 crore, down from ₹7.52 crore in Q2 FY24 and ₹3.03 crore in Q1 FY25, marking a substantial decline in both YoY and sequential terms.
Analysis and Outlook
The results reflect challenges in maintaining profitability amid revenue fluctuations. The decrease in both PBT and net profit suggests pressure on margins, potentially due to higher operating expenses or cost pressures. Bigbloc Construction may need to optimize its cost structure to enhance profitability in future quarters.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Neither the author nor Business Upturn is liable for any losses arising from the use of this information.
