Prism Ce­ment

Dalal Street Investment Journal - - COVER STORY -

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.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.