BIGBLOC margin slips as expenses outpace revenue growth
Consolidated net loss widened to Rs 2.75 cr QoQ, while operating margin trailed the sector median by 10.16 percentage points.
Filed 03 Nov 2026, 16:04 IST · after market close · BIGBLOC Construction Ltd (BIGBLOC)
Key takeaways
- Consolidated operating margin fell 3.91 percentage points QoQ to 4.02% as expenses grew 9.14% against revenue growth of 4.69%.
- Net loss widened to Rs 2.75 cr from Rs 0.72 cr as interest rose 3.86% and depreciation rose 1.81%.
- BIGBLOC’s 4.02% operating margin was 10.16 percentage points below the 14.18% median of 92 reporting commodities peers.
Price around the results
Revenue growth did not convert into operating profit
Consolidated revenue grew 4.69% QoQ, but operating profit fell 46.97% to Rs 3.33 cr. Profit before tax worsened from a loss of Rs 0.72 cr to a loss of Rs 3.69 cr, taking EPS to Rs -0.13. The results were filed after market close.
Costs absorbed the quarter’s revenue increase
Expenses rose 9.14% QoQ, nearly twice the pace of revenue growth, narrowing operating margin by 3.91 percentage points. Interest increased 3.86% and depreciation rose 1.81%, adding to the pressure below operating profit. Other income represented -41.19% of pre-tax profit because pre-tax profit was negative, while the Rs 0.94 cr tax credit did not prevent a net loss.
Margin fell from Q1 and lagged most reported peers
Operating margin declined from 7.93% in Q1FY27 to 4.02% in Q2FY27, continuing the downward quarter-to-quarter direction visible in the reported trend. BIGBLOC’s margin was 10.16 percentage points below the 14.18% median for 92 commodities peers that had reported. The company ranked ninth from the bottom on this measure.
No post-results market reaction to assess
The company filed its consolidated results at 16:04 IST on 03 Nov 2026, after market close. A post-results stock reaction is therefore not covered for this quarter.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹83 cr | ₹79 cr | +4.69% |
| Other income | ₹2 cr | ₹1 cr | +16.03% |
| Expenses | ₹80 cr | ₹73 cr | +9.14% |
| Operating profit | ₹3 cr | ₹6 cr | -46.97% |
| Operating margin (%) | 4.02% | 7.93% | — |
| Interest | ₹4 cr | ₹4 cr | +3.86% |
| Depreciation | ₹5 cr | ₹4 cr | +1.81% |
| Profit before tax | ₹-4 cr | ₹-1 cr | -412.50% |
| Tax | ₹-1 cr | ₹0 cr | — |
| Net profit | ₹-3 cr | ₹-1 cr | -281.94% |
| EPS (₹) | ₹-0.13 | ₹0.01 | — |
Operating margin of 4.02% compares with a Commodities sector median of 14.18% across 92 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 4.02% after the 3.91 percentage-point QoQ decline.
- Whether expense growth moderates from 9.14% relative to revenue growth of 4.69%.
- Whether interest remains near or below Rs 4.04 cr while the company reports a net loss.