3 weeks ago

BigBloc Construction revenue up 40 pc, loss narrows to Rs 71 lakh

BigBloc Construction revenue up 40 pc, loss narrows to Rs 71 lakh
BigBloc Construction revenue rises 40 pc to Rs 79 cr, narrows loss to Rs 71 lakh in Q1 · theprint.in

BigBloc Construction is a company that makes special building blocks and bricks used to build houses.

When we buy things, like toys or snacks, the shop keeps track of how much money comes in and goes out.

This company does the same, and in the last three months it got more money from selling its products.

The amount of money it earned rose a lot compared to the same time last year.

Even though the company still lost some money, the loss was much smaller this time.

It lost about 71 lakh rupees, which is way less than the almost 5 crore rupees it lost before.

The company says being careful with its spending helped.

Losing money means the company spent more than it made.

But making the loss smaller is good news, like getting a better score in a game.

The company hopes to keep improving so it can start making a profit.

Key facts

Company
BigBloc Construction Ltd
Q1 Revenue
Rs 79.14 crore
Revenue Growth
40.5% year-on-year
Year-Ago Revenue
Rs 56.35 crore
Q1 Net Loss
Rs 71.95 lakh
Year-Ago Net Loss
Rs 4.96 crore
Products
AAC blocks, bricks and wall panels
Key Driver
Cost management

Sources

Related news