Quarterly Result: Prism Cement Ltd

Technical View: 
Prism Cement Ltd ended at Rs 87.65, up by 0.65 points or 0.75 per cent from its previous close of Rs 87 on the BSE. The scrip opened at Rs 87 and touched a high and low of Rs 88.90 and Rs 84.25, respectively. A total of 250578 (NSE+BSE) shares were traded on the counter. The stock traded above its 100 DMA.

Standalone Results:
Prism Cement Ltd’s Q2FY17 standalone numbers came below Bloomberg estimates. The company's revenue for the period was 1.7 per cent below the estimate of Rs 1,290 crore. Its reported net loss for the period was Rs 21 crore as against expected loss of Rs 4.1 crore.

The revenue for the quarter declined 10.7 per cent YoY to Rs 1,267.49 crore. TBR segment saw its revenue decline 17 per cent YoY to Rs 454.77 crore, whereas cement segment’s revenue declined 9 per cent YoY to Rs 512.38 crore

The company's EBITDA decreased 6.4 per cent YoY to Rs 32.30 crore while EBITDA margins increased 12 bps YoY to 2.5 per cent. This was mainly on account of decrease in opening stock of 83 per cent YoY to Rs 7.56 crore and operational efficiencies.

The net loss declined 43.1 per cent YoY to Rs 21.27 crore consequent to 37 per cent YoY increase in other income and 41 per cent YoY decrease in finance cost.