Prism Cement Q1FY18 PAT dips 76 per cent sequentially
DSIJ Intelligence / 08 Aug 2017
Prism Cement reported its results for the quarter ended June 30, 2017 on Tuesday. The company's total sales for Q1FY18, came in at Rs. 1435.8 crore, which represents a 7.2 per cent sequential decline and 1.9 per cent YoY increase.
Prism Cement reported its results for the quarter ended June 30, 2017 on Tuesday.
The company's total sales for Q1FY18, came in at Rs. 1435.8 crore, which represents a 7.2 per cent sequential decline and 1.9 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs. 40.5 crore and its EBIT margin stood at 2.8 per cent.
The company reported PAT of Rs. 16.7 crore, which represents a sequential QoQ decline of 76.2 per cent and a YoY increase of 6.6 per cent.
Company has seen better operating performance on the back of higher realizations. However total cost has gone up due to higher power & fuel expenses and manpower costs.
Company’s division, H & R Johnson, which operates in the TBK (Tile Bath Kitchen) posted 4% yoy decline in revenue. The division continued to scale-up its marketing activities and has also taken various cost optimization initiatives. Its RMC division also got impacted due to decline in volumes and increased input costs.
Prism Cement is one of India’s leading integrated building materials’ company, with a wide range of products from cement, ready mixed concrete (RMC), tiles, bath products to kitchens. It caters mainly to the markets of Eastern UP, MP and Bihar.
The stock today opened at Rs. 119.1 and touched an intra-day high and low of Rs. 119.55 and Rs. 116 on the BSE, respectively.
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