New Delhi, Jan 23 (PTI) BigBloc Construction Ltd on Tuesday reported a 12 per cent rise in consolidated net profit at Rs 8.6 crore for the quarter ended December 2023.

The company had posted consolidated net profit of Rs 7.7 crore in the year-ago period, according to a statement.

Also Read | GUJCET Exam 2024: Registration Date for Gujarat Common Entrance Test Examination Extended Till January 31, Apply Online at gsebeservice.com.

The consolidated revenue from operations in the third quarter increased to Rs 61.5 crore over Rs 49.5 crore in the year-ago period, it said.

"The company expects to achieve 20-25 per cent sales growth in FY24 with a healthy EBITDA margin of 20-25 per cent," Bigbloc Construction Ltd Chairman Narayan Saboo said.

Also Read | Explainer on Union Budget of India: Everything You’ve Ever Wanted To Know About an Interim Budget.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)