Prism Cement Limited is a building materials company with interest in portland cement, tiles, bathroom and kitchen (TBK) and ready mixed concrete (RMC). The company operates in segments concerning cement, TBK, RMC and insurance. The company has three divisions, namely Prism Cement, H&R Johnson (India) (HRJ) and RMC Readymix (India). The company manufactures Portland Pozzolana Cement (PPC) under the brand name Champion, Champion Plus, Hi-tech and Duratech. HRJ operates in TBK segment, providing end-to-end solutions of tiles, sanitary ware, bath fittings, kitchens and engineered marble and quartz. RMC Readymix (India) is ready mix concrete manufacturer. It also offers various concretes, including Enviroprotectcrete, Frccrete, Thermocrete, Dyecrete and Perviouscrete.
On the financial front, Prism Cements witnessed 1.94 per cent increase in its net sales to ₹1,433.57 crore in the first quarter of FY18 on a year-on-year basis. The PBIDT of the company declined 20.35 per cent to ₹78.45 crore in Q1FY18, as against ₹98.49 crore in Q1FY17. The profit after tax of the company increased 6.65 per cent to ₹16.69 crore in the first quarter of FY18, compared to ₹15.65 crore in the first quarter of the previous fiscal.
On an annual basis, Prism Cements witnessed a slight decline of 3.96 per cent in its net sales to ₹5,444.92 crore in FY17 as against ₹5,669.47 crore in FY16. The PBIDT of the company grew 15.46 per cent to 281.06 crore in FY17 as against ₹243.43 crore in FY16. The profit after tax of the company increased 115.91 per cent to ₹17.51 crore in FY17 as against ₹8.11 crore in the previous fiscal.