Latest news with #PrismJohnson
Business Standard
28-05-2025
- Business
- Business Standard
India Ratings and Research affirms Prism Johnson's rating at 'A+/A1+' with 'positive' outlook
Prism Johnson (PJL) said that India Ratings and Research has affirmed the company's long-term rating at 'IND A+' with 'positive' outlook. The agency has also affirmed the companys short-term rating at 'IND A1+. India Ratings and Research stated that the positive outlook reflects the likelihood of an improvement in PJLs operating profitability in FY26, after a subdued FY25, leading to an improvement in its credit profile. The fall in realisations amid a tepid demand and an increasing competitive intensity, led to a fall in EBITDA in FY25, as against the agencys expectation of an improvement. However, the agency expects an improvement in cement demand and increased realisations, coupled with cost optimisation measures, across segments to result in an improvement in the EBITDA in FY26. Furthermore, despite the fall in the EBITDA, the company reduced its net debt by monetising non-core assets in 4QFY25, resulting in a flattish net leverage. The interest coverage, which fell in FY25 due to a lower EBITDA, is likely to improve in FY26 with the recovery in EBITDA and debt reduction. The liquidity remains adequate with sizeable, unencumbered cash and equivalents and unutilised bank lines. The agency further said that a substantial improvement in the operating performance and profitability, along with the adjusted net leverage reducing below 2.0x, on a sustained and consolidated basis, could be positive for the ratings. However, a weaker-than-expected operating performance and/or higher-than-expected capex, leading to the adjusted net leverage remaining above 2.0x, on a sustained and consolidated basis, could be negative for the ratings. Prism Johnson (PJL) is a leading manufacturer of building material such as cement, RMC, and ceramic tiles in India. It also has interests in building materials, sanitary-ware and insurance through subsidiaries and joint ventures. The scrip rose 0.63% to currently trade at Rs 142.65 on the BSE.
Business Standard
28-05-2025
- Business
- Business Standard
Prism Johnson receives affirmation in credit ratings
From India Ratings & Research Prism Johnson announced that India Ratings & Research has affirmed its ratings/outlook for the existing Non convertible Debentures, term loans and fund based working capital limits of the Company as 'IND A+/Positive'. Further, the ratings for non-fund based working capital limits, unsecured short-term loans and commercial paper program of the Company has been affirmed as 'IND A1+'. The ratings of unallocated fund based / non-fund based limits of Rs 1.1 crore have been withdrawn in line with India Ratings' policy on Withdrawal of Ratings given that the facility rating is no longer required to be maintained as this debt is not expected to be by Capital Market - Live News
Business Standard
15-05-2025
- Business
- Business Standard
Prism Johnson reports consolidated net profit of Rs 129.30 crore in the March 2025 quarter
Sales rise 2.10% to Rs 2073.39 crore Net profit of Prism Johnson reported to Rs 129.30 crore in the quarter ended March 2025 as against net loss of Rs 16.06 crore during the previous quarter ended March 2024. Sales rose 2.10% to Rs 2073.39 crore in the quarter ended March 2025 as against Rs 2030.79 crore during the previous quarter ended March 2024. For the full year,net profit declined 55.87% to Rs 79.93 crore in the year ended March 2025 as against Rs 181.11 crore during the previous year ended March 2024. Sales declined 1.63% to Rs 7211.47 crore in the year ended March 2025 as against Rs 7331.29 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2073.392030.79 2 7211.477331.29 -2 OPM % 9.045.48 - 5.806.67 - PBDT 151.6374.16 104 342.07345.54 -1 PBT 18.64-52.12 LP -141.35-68.26 -107 NP 129.30-16.06 LP 79.93181.11 -56
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Business Standard
15-05-2025
- Business
- Business Standard
Prism Johnson share price zooms 10% on Q4 numbers; check details here
Prism Johnson share price today, thursday, May 15, 2025: Prism Johnson shares were in high demand on the bourses on Thursday, May 15, 2025. On the National Stock Exchange (NSE), Prism Johnson shares climbed 10.40 per cent to ₹147.20 per share, during the intraday deal on Thursday. The northward movement in the company's stock price came following the company announced its financial results for the fourth quarter of 2024-25 (Q4FY25). Prism Johnson Q4FY25 results Prism Johnson, in an exchange filing, has announced that its consolidated net profit after tax (PAT) stood at ₹121.01 crore in Q4FY25 against a loss of ₹30.50 crore reported in the corresponding quarter of the previous fiscal year (Q4FY24). On a consolidated basis, Prism Johnson's revenue from operations stood at ₹2,073.39 crore, up 2.1 per cent Year-on-Year (Y-o-Y) from ₹2,030.79 crore. The company's total expenses declined 1.4 per cent Y-O-Y to ₹2,103.15 crore from ₹2,132.24 crore reported in Q4FY24. About Prism Johnson Prism Johnson is one of India's leading integrated building materials companies, offering a wide range of products from cement and ready-mixed concrete to tiles and bathroom products. The company's products include a wide range of offerings including cement, ready-mixed concrete, tiles, and bath fittings. The company operates through three key divisions — Prism Cement, H & R Johnson (India), and Prism RMC. Prism Johnson has 10 subsidiaries and 9 joint ventures. As of May 15, the company enjoys a market capitalisation of ₹7,187.93 crore on the NSE. Prism Johnson share price history Shares of Prism Johnson have posted a negative return in the last one year. The company's stock price has declined 21 per cent in the last six months, and nearly 6 per cent in the last one year. For year-to-date, Prism Johnson shares have posted a decline of 16 per cent. In contrast, benchmark Nifty50 has advanced 5 per cent during the same period. Prism Johnson shares have a 52-week range of ₹ 246-105.30 apiece on the NSE. At 2:28 PM on Thursday, Prism Johnson shares were quoted trading at around ₹142.80 per share, up 7.10 per cent from its previous close of ₹133.33 on the NSE.
Reuters
06-02-2025
- Business
- Reuters
India's Prism Johnson posts profit after four straight quarterly losses on tax gains
Feb 6 (Reuters) - Indian construction materials maker Prism Johnson ( opens new tab reported a profit for the first time in five quarters on Thursday, helped by tax gains related to previous periods. The company reported a net profit of 481.2 million rupees ($5.5 million), during the October-December period, compared with a loss of 34.5 million rupees a year ago. Shares of the Hyderabad-based company spiked up to 8% after the results, before losing all of its gains. However, at a pre-tax basis, the company's net loss widened to 337.1 million rupees, from 89.7 million rupees a year earlier. Net sales rose 6% on strong performance in its insurance and tilemaking segments, which cushioned weakness in cement and ready-made concrete businesses. Cement companies have so far reported a mixed set of earnings in the quarter, where they grappled with soft demand and weak prices. Strong volumes boosted market leader UltraTech ( opens new tab, its rival Adani Group's cement businesses Ambuja ( opens new tab and ACC ( opens new tab, while smaller company Dalmia Bharat ( opens new tab took a hit in the quarter due to lower prices. Cement business, which formed around 39% of the topline, saw a 2.5% drop in sales. Revenue from ready-made concrete businesses also saw a fall of 6.5%. However, other businesses helped offset the impact. The tilemaking segment rose 4.8%, while insurance business surged over threefold. ($1 = 87.5370 Indian rupees)
