Tag: Business

Surat (Gujarat) [India], June 2: Bigbloc Construction Limited (BSE: 540061. NSE: BIGBLOC), one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks and Panels in India has announced its audited financial results for the quarter and year ended 31st March 2025.

• Q4 FY25 EBITDA at Rs. 57 Million, with a margin of 9%
• Q4 FY25 Sales Volume was 1,75,464 CBM; growth of 8% QoQ

Financial Highlights for Q4 and FY25:

• Sales volume for Q4 FY25 was 1,75,464 CBM up 8% QoQ and (2.1)% YoY
• Sales volume for FY25 was 6,03,101 CBM up 5% YoY
• Basic and Diluted EPS for Q4FY25 was at 07 and 0.07 respectively
• Basic and Diluted EPS for FY2025 was at 68 and 0.68 respectively
• Cash flow from operation was 96 Mn in FY2025
• Net Debt to Equity ratio remained stable at 3x

Business Highlights for Q4 and FY25:

• The consolidated capacity utilisation was 54% for Q4 FY25
• The consolidated capacity utilisation was 59% for FY25
• The capacity utilization at Starbigbloc Building Material Ltd, BigBloc Building Elements Pvt Ltd and Siam Cement Bigbloc Construction Technologies Pvt ltd was 72%, 63% and 24% respectively in Q4 FY25
• The capacity utilization at Starbigbloc Building Material Ltd, BigBloc Building Elements Pvt Ltd and Siam Cement Bigbloc Construction Technologies Pvt ltd was 76%, 72% and 16% respectively in FY25
  

Commenting on the performance Mr. Narayan Saboo, Chairman said:

For the financial year 2025, Bigbloc Construction reported consolidated Mr. Narayan Sitaram Saboo Revenue from Operations of Rs. 2,246 Mn, a decline of 7.6% YoY. The decrease in revenue was primarily attributed to a slowdown in India’s construction sector, a key demand driver for our products, which experienced a period of deceleration due to several external factors.

General elections in the country led to delays in government-led infrastructure projects, while prolonged monsoon conditions disrupted site operations, logistics, and supply chains. These factors collectively impacted order flows, site execution and on-ground activity, particularly in core geographies such as Maharashtra and Gujarat.

Operationally, the consolidated capacity utilisation for the year stood at 59%. The lower utilisation was largely due to the planned shutdown and subsequent technology upgrade at the Umargaon plant. This also impacted the EBITDA, which stood at Rs. 292 million for FY2025. However, trial operations resumed in October 2024, and the plant is now gradually scaling up to optimal utilisation levels. The upgrades are expected to enhance long-term efficiency and product quality. Despite these operational challenges, the Companymaintaineda stable Net Debt to EBITDA ratio of 1.3x in FY2025.

Strategically, the Company completed the Phase 2 expansion of its Wada facility under its wholly owned subsidiary, Bigbloc Building Elements. With this expansion, Bigbloc’s total installed capacity reached 13 lakh cubic meters per annum, positioning it among the largest AAC block manufacturersin the country.

During the year, the joint venture company SIAM Cement BigBloc Construction Technologies launched India’s first AAC Wall Plant in Kheda, Gujarat. The plant received an order from Tata Projects for AAC wall panels at Micron’s semiconductor unit in Sanand, Gujarat. This marks an important milestone in introducing large-formatAAC wall panels to the Indian market.

Further strengthening its portfolio diversification, the Company ventured into the manufacturing of construction chemicals through its subsidiary at the Umargaon facility. This strategic move broadens Bigbloc’s offerings and enables entry into fast-growing segments within the building materials industry.

On the sustainability front, the total installed solar power capacity across Bigbloc and its subsidiaries now stands at 2,375 kW. With this initiative, the Company is now meeting approximately 22% of its power requirements through renewable energy, thereby aligning operations with its long-term ESG goals.

Looking ahead, in line with its vision for long-term expansion, the Company, through its subsidiary Starbigbloc Building Material, has acquired land in Madhya Pradesh to expand its AAC Blocks business in central India. Furthermore, with the commissioning of the upgraded Umargaon plant and the stabilization of the new AAC wall panel operations, the Company is well-positioned to capitalize on the recovery in construction activity.

About Bigbloc Construction:

Incorporated in 2015, BIGBLOC Construction Ltd is one of the largest and only listed AAC block manufacturer in India, with a 1.3 million CBM annual capacity across plants in Gujarat (Kheda, Umargaon, Kapadvanj) and Maharashtra (Wada). The company, which markets its products under the ‘NXTBLOC’ brand, is one of the few in the AAC industry to generate carbon credits. With over 2,000 completed projects and 1,500+ in the pipeline, The company’s clients include Lodha, Adani Realty, IndiaBulls Real Estate, DB Realty, Prestige, Piramal, Oberoi Realty, Tata Projects, Shirke Group, Shapoorji Pallonji Group, Raheja, PSP Projects, L&T, Sunteck, Dosti Group, Purvankara Ltd, DY Patil, Taj Hotels, Godrej Properties, Torrent Pharma, GAIL among others.

For more details, please visit: www.bigbloc.in

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Chennai (Tamil Nadu) [India], June 2: Phantom Digital Effects Limited (NSE: PHANTOMFX), a leading name in the global visual effects (VFX) industry, has secured new high-value contracts worth ₹72 Crores for the current year. These projects are expected to be completed by the fourth quarter of FY25-26, with the total value potentially rising to ₹110 Crores, including projects that are currently in final stages of bidding or about to be awarded.

These new deals span both international and domestic markets and mark a significant milestone in the company’s growth journey. PhantomFX’s recent expansion into the U.S. and China is already showing strong results, while the company continues to maintain its solid presence in the Indian market.

This momentum reflects the company’s consistent focus on acquiring new business through strategic expansion and targeted acquisitions. It also highlights PhantomFX’s ability to deliver world-class VFX solutions to top production houses around the world.

With this strong pipeline, PhantomFX is well-positioned for substantial revenue growth and increased market presence in FY25-26. These wins further strengthen its position as a trusted and capable partner in the fast-growing global VFX industry.

FY25 Key Financial Highlights (Consolidated)

• Total Income: ₹104.37 Crores 
• EBITDA: ₹39.69 Crores 
• Net Profit: ₹20.20 Crores 

“With rising global demand and exciting new projects, PhantomFX is entering a new growth phase,” said Mr. Bejoy Arputharaj S, Managing Director, Phantom Digital Effects Limited, “The global VFX industry is experiencing strong growth, fueled by the revival of content production across films, OTT platforms, and gaming. As studios ramp up their pipelines to meet increasing audience demand, there is a clear shift toward high-quality, large-scale visual effects. This trend is creating new opportunities for skilled VFX studios that can deliver creativity at scale with reliability and speed.

PhantomFX is well-positioned to benefit from this industry momentum. Our reputation for precision, innovation, and timely execution has made us a preferred partner for high-value projects, both in India and international markets. We are currently in advanced discussions for several large projects that will span multiple production cycles, requiring robust planning and resource deployment.

To meet this rising demand, we are actively investing in expanding our talent base, strengthening infrastructure, and exploring strategic partnerships. Our consistent performance and reputation for quality have helped us build a strong project pipeline, and with significant billing expected in the coming months, we remain confident about accelerating our growth and reinforcing our position as a leading global VFX partner.

About Phantom Digital Effects Limited

PhantomFX (NSE: PHANTOMFX) is a leading creative visual effects (VFX) studio offering end-toend services for film, web series, and commercials. The company holds the prestigious Certified Trusted Partner Network (TPN) designation. 

The company’s headquarters are located in Chennai, India, with additional offices in the United States and Canada. PhantomFX is strategically located in three key Indian cities, namely Mumbai, Chennai, and Hyderabad, and extends its global reach through a wholly-owned subsidiary in the UK and administrative offices in Los Angeles, Vancouver, Montreal, and Dubai, facilitating seamless coordination with clients across different time zones. 

The company is co-founded by a team of creative-driven professionals capable of managing complex and scalable VFX production tasks, delivering high-quality, industry-standard content for clients. With an impressive clientele and extensive industry experience, PhantomFX has earned the trust of clients, positioning itself as one of India’s most reliable visual effects providers. The Company got listed on NSE Emerge platform in October 2022.

Disclaimer

Certain statements in this release are forward-looking and subject to risks and uncertainties, including but not limited to market conditions, economic developments, talent availability, and client-side delays. Phantom Digital Effects Limited undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

For Further Information Please Contact Corporate Communication Advisor

AKMIL Strategic Advisors Private Limited

Mr. Milind Apte – Director

milind@akmiladvisors.com

+91 98209 41925

www.akmiladvisors.com

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Mumbai (Maharashtra) [India], June 2: Syncom Formulation ( India ) Ltd , a Speciality Pharmaceutical Formulation company Today reported its excellent performance for 4th quarter and year ended 31st March 25. 

Q4 FY2025 Performance highlights (compared to Q4 FY2024): 

• Revenue from operations at Rs.14888 Lacs against Rs.7457 Lacs.; up 100%. 
• EBITDA at Rs.2469 Lacs against Rs.1252 Lacs; Up 97%; 
• Profit after tax at Rs.1769 Lacs against Rs.740 Lacs.; Up 139%;

FY 2025 Performance highlights (compared to FY2024): 

• Revenue from operations at Rs.46501 Lacs against Rs.26339 Lacs; Up76%. 
• EBITDA at Rs.7157 Lacs. againstRs.4317 Lacs.; Up 66%; 
• Profit after taxatRs.4943 Lacs. againstRs.2531 Lacs.; Up 95%;

Segment-wise Performance

Markets	FY 24-25 ( Rs in Lacs)	FY 23-24 ( Rs In Lacs )	Growth %
Export	40003	21216	88%
Domestic	5734	4708	22%

About  Syncom Formulations (India) Limited 

Established in 1988, Syncom Formulations (India) Limited has grown into a leading name in the Indian pharmaceutical sector. The company has consistently posted profits since inception and is renowned for delivering high-quality pharmaceutical formulations across diverse therapeutic segments. 

“We are proud of our performance this year, which reflects the success of our strategic initiatives, operational efficiency, and strong demand in both domestic and international markets. We remain committed to expanding our global presence and delivering sustained value to all stakeholders.” 

Global Presence 

Syncom has built a strong international footprint, operating in nearly 25 countries with a portfolio of over 400 registered products. The company’s focus on quality, affordability, timely delivery, and excellent customer service has cemented enduring relationships with clients globally and ensured consistent performance. 

Domestic Initiatives and Growth Strategy 

In India, Syncom operates through multiple focused divisions, each addressing specific healthcare segments. With a strong field force of around 1,000 Medical Representatives (MRs) strategically placed across the country, the company is well-positioned for accelerated growth. 

These MRs will be pivotal in expanding market coverage, deepening doctor engagement, and driving the company’s presence in untapped territories. Combined with robust marketing initiatives, Syncom’s strategy will reinforce its position as a key player in the domestic pharmaceutical market.

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New Delhi [India], June 2: capitalCORN, a boutique fundraising advisory firm, proudly announces its successful advisory role in the ₹5 crore seed funding round for Uni Seoul, a rising Korean-inspired lifestyle brand. The round was led by early-stage venture capital firm Sauce VC, known for backing high-potential consumer brands in India.

Founded in 2023 by childhood friends Mohit Khurana and Gaurav Karmani, Uni Seoul has carved a niche for itself in India’s evolving consumer landscape by offering a thoughtfully curated range of lifestyle products. Drawing inspiration from the global appeal of Korean aesthetics, the brand offers a wide array of home essentials, beauty products, stationery, plush toys, and fashion accessories. Uni Seoul’s core philosophy revolves around blending contemporary minimalism with functional design, making high-quality lifestyle products available at accessible price points for the aspirational Indian youth.

Since its inception, Uni Seoul has demonstrated strong early traction through both offline retail channels and its digital presence. With a rapidly growing fan base, the brand is now set to expand its retail footprint, strengthen its supply chain, and leverage technology to improve the customer experience.

Reflecting on the successful collaboration, Mohit Khurana, Co-founder and CEO of Uni Seoul, said:

“The capitalCORN team played a pivotal role in helping us close our seed round with Sauce VC. Their strategic inputs, market insight, and fundraising expertise helped us attract serious investor interest. We truly value their partnership and would highly recommend them to any founder seeking a reliable and founder-friendly fundraising advisor.”

The ₹5 crore raised will be utilized to accelerate growth across strategic focus areas—expanding into key urban markets, building operational efficiencies, and enhancing product innovation to align with evolving consumer preferences.

Commenting on the transaction, Vineet Neeraj, Founder and CEO of capitalCORN, stated:

“Today’s Indian consumers are deeply influenced by global lifestyle trends, and Uni Seoul is uniquely positioned to meet this demand. Their Korean-inspired design and value-driven approach make them an exciting entrant in the lifestyle space. We’re proud to have been part of their journey and are confident that, with backing from Sauce VC, Uni Seoul is poised to become a household name in the years ahead.”

capitalCORN continues to partner with visionary founders and high-growth consumer brands, helping them raise strategic capital from leading VCs and family offices.

For more information, visit: www.capitalcorn.com

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Kanpur (Uttar Pradesh) [India], June 2: The grand launch of the Kanpur Metro Phase 2, inaugurated by Hon’ble Prime Minister Narendra Modi, marks a transformative leap in India’s urban transportation landscape. With the unveiling of a 7-kilometre underground stretch connecting five pivotal new stations—Chunniganj, Naveen Market, Bada Chauraha, Nayaganj, and Kanpur Central—India accelerates toward a smarter and more inclusive future.

Behind this groundbreaking achievement stands KICH Architectural Hardware & Railing, a trusted name in infrastructure innovation. Renowned for its commitment to accessibility, KICH has supplied cutting-edge Indicator Tactile solutions across the metro’s newly opened underground stations.

These tactile indicators are designed to international standards, ensuring visually impaired commuters can navigate stations safely and independently. With this initiative, KICH reinforces its dedication to building inclusive public spaces that meet both functionality and design excellence.

A Legacy of Quality, Trusted Across India

Established in 1992, KICH is India’s Largest manufacturer & exporter of Stainless Steel Architectural Hardware & Railing, offering over 6,500 product variants. From Stainless Steel Architectural Hardware, Railings, Furniture fittings, Bathroom Accessories and Glass Fittings to Digital and Smart Hardware Solutions, KICH is the preferred choice of Architects, Developers, and Institutions across 43+ countries.

KICH’s portfolio spans over 11,000 landmark projects, including those in Govt Institutions, Public Transport, Hospitality, Commercial, Healthcare and Education. Whether it’s high-performance products for Public Places, every product is engineered for durability, aesthetics, and performance.

Trusted by India’s Flagship Infrastructure Projects

KICH’s Architectural Solutions are featured in some of India’s most iconic and critical infrastructure, including:

• Central Vista (New Delhi), Bharat Mandapam (Delhi), Kartarpur Corridor (Gurdaspur), Gujarat Vidhan Sabha (Gandhinagar) and Judicial Training Institute (Lucknow).
• Ayodhya Ram Mandir | BAPS Hindu Mandir – Abu Dhabi | Robbinsville (USA) | Kashi Vishwanath Temple.
• International Airport of Kanpur, Lucknow, Pune, Dehradun, Patna, Vadodara, Amritsar, Jabalpur & Rajkot.
• Nalanda University | IIM Ahmedabad, Raipur | IIT Kanpur, Roorke, Delhi, Mumbai, Patna, Jammu, Bhubaneshwar and Jodhpur.
• Zydus Hospital – Ahmedabad & Vadodra | Amrita Hospital – Faridabad | AIIMS – Rajkot, Bhopal, Jhajjar, Bilaspur, Jodhpur and

Each project exemplifies KICH’s precision engineering and adaptability to complex requirements.

Designed for the Future

Operating from a 350,000 sq. ft. state-of-the-art manufacturing facility and a 50,000 sq. ft. corporate house, KICH integrates R&D, design innovation, and testing to develop solutions that meet and exceed global benchmarks.

Partnering in India’s Growth Story

“As Kanpur’s metro opens new possibilities for millions, we at KICH are proud to be a part of this transformative journey,” said a spokesperson for KICH. “Every tactile installed is not just a product—but a promise of safety, innovation, and accessibility.”

Whether you’re building the next metro line or a luxury high-rise, KICH invites Developers and Architects to experience the difference of Premium Architectural Hardware made in India, for the world.

Explore KICH’s Complete Range of Solutions

To learn more about how KICH can elevate your next project, visit www.kichindia.com

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New Delhi [India], May 31: ITCONS E-Solutions Ltd., a leading New Delhi-based player in India’s Staffing and Human Resource Solutions sector, has once again exceeded expectations by posting exceptional results for FY2024- 25. The company recorded almost a 100% year-on-year (YoY) increase in revenue, the figure of INR 57.06 crore for the last financial year ending March 31, 2025, compared to INR 28.73 crore in the same period in FY 2023-24. Net profit also saw significant growth, recording PAT of INR 3.20 crore FRO fy 2024-25 from PAT of INR 1.90 crore in FY 2024-25. Earnings Per Share (EPS) for the periods stood at INR 5.23, underscoring the company’s robust financials.

During this financial year, the company consolidated its IT Manpower & added Technical Testing & IT Asset Management Consulting Services business, and added three prestigious clients, cumulating to INR 13 crore contribution in the financial year 2024-25. The company has a promising Book size in this new line of business.

Government business, which became a focus at the start of FY2024- 25, grew manifold, and from 2 active clients at the start of the financial year, 19 new clients got added, cumulating to a book size of close to INR 52 crores. Orders were of different durations, ranging from 8 months to 36 months. Government business alone contributed to addition of close to 1000 manpower.

ITCONS increased their footprint in the General Staffing business as well, gaining expertise in Temporary & Permanent Staff Services in the Highly Skilled, Skilled, Semi-Skilled & Unskilled resource categories.

On achieving the excellent growth, the ITCONS board has also decided to give a 1.5% dividend of ITCONS Shares’ face value, i.e. INR 0.15/ share, to its shareholders.

Dr Gaurav Mittal, Managing Director, ITCONS E-Solutions Ltd, attributed the company’s growth to the deployment of Technology & Process Standardisation to increase Per Person Productivity. Company’s focus lead on developing expertise in all kinds of Staffing business in various industry verticals, across all types of resources, Permanent & Temporary Staffing servicers & entering and consolidating IT Staffing, IT Services, General Staffing & Government business. This opens new avenues for faster growth and goes a long way in business expansion, which not only will reduce dependency of the IT Staffing & Services Business but has been a Business Risk Mitigation Strategy as well.

The company’s stock market journey has been equally notable. ITCONS debuted on the BSE SME Platform in February-March 2023 with an IPO priced at ₹ 51 per share, raising ₹ 8.67 crore. Since listing, the stock achieved a high of ₹ 767 during FY 2024-25 and currently trades at ₹ 508.95, reflecting strong investor sentiment despite various market aberrations.

To increase investor value, the company intends to explore an inorganic growth route in the staffing business by strategic acquisition in FY 2025-26 and has set the ground in place to diversify into Solar Power production.

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New Delhi [India], May 30: Update on Fundraising-  The company confirms that proceeds from earlier fundraising activities have been effectively utilized as disclosed in the financial statements.

Figures in Million

Financial Synopsis: 

Particular	FY25	FY24	Change %
Revenue	1,568.5	1,088.3	44%
EBIDTA	151.9	120.7	26%
PBT	103.4	84.3	23%
PAT	91	79.9	14%
Debt-to-Equity Ratio	0.65	0.66	-3%

 

 

 

 

 

 

Update on Financial Performance

Quarter-on-Quarter Highlights (Q4 FY25 vs Q3 FY25):

• Revenue increased by 22% QoQ to INR 448.8 Mn, driven by strong demand and strategic market expansion.
• PAT stood at a solid INR 20.3 Mn, continuing to reflect strong underlying profitability.
• Leverage Improvement: The Debt-to-Equity ratio improved from 0.73× to 0.65× on a QoQ basis, underscoring our proactive capital-structure optimization.
• Healthy Interest Coverage: An Interest Service Coverage Ratio of 4.01× demonstrates strong earnings capability and effective debt servicing.
• Stable Finance Costs: Finance costs held steady at roughly INR 8.4 Mn, despite higher operational activity—indicating stable borrowing levels and favourable funding terms.

Annual Performance (FY25 vs FY24):

• Revenue surged 44% YoY to INR 1,568.5 Mn, marking another milestone in the company’s growth journey backed by robust demand across core verticals.
• EBITDA improved to INR 151.9 Mn, a YoY growth of 26%, powered by scale efficiencies and tight cost controls.
• PBT grew 23% YoY to INR 103.4 Mn, while PAT rose 14% to INR 91.0 Mn, both reinforcing sustained profitability.
• Consistent Capital Efficiency: The Debt-to-Equity ratio remained comfortably low at 0.65×, reflecting a strong and balanced financial position.
• Accelerated Capacity Investments: Capital Work-in-Progress jumped from INR 8.3 Mn to INR 46.65 Mn, underscoring ongoing investments in our corporate office and expanded manufacturing facilities to support growth.
• Operating Cash-Flow Resilience: Operating cash outflow of INR 145.7 Mn reflects a higher investment in working capital to support growth (vs INR 81.8 Mn last year) but is underpinned by a stronger pre-WC cash generation of INR 164.5 Mn.