Post Q4FY17 results, Prism Cement surges over 5 per cent
Amir Shaikh / 25 May 2017
The company's total sales for Q4FY17 came in at Rs 1422.15 crore, which represents a 24.77 per cent sequential increase and 1.52 per cent YoY increase.
Prism Cement Ltd. reported its results for the quarter ended March 31, 2017 today.
The company's total sales for Q4FY17 came in at Rs 1422.15 crore, which represents a 24.77 per cent sequential increase and 1.52 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 80.49 crore and its EBIT margin stood at 5.66 per cent.
The company reported PAT of Rs 70.15 crore, which represents a sequential QoQ decline of 249.19 per cent and a YoY decline of 7.22 per cent.
During FY17, the company posted revenue of Rs 5020 crore, a decline of 4.9 per cent YoY. However, the company witnessed impressive net profit growth of 116 per cent YoY to Rs 17.5 crore.
The company's stock, which opened for trading at Rs 114.9 on the BSE, rose 5.1 per cent after the results were declared. It closed for the day at a high of Rs 122.
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