Cement & Cement Products company Prism Johnson announced Q1FY26 results Revenue: Rs 1,796 crore compared to Rs 1,666 crore during Q1FY25, change 7.8%. HRJ revenues grew by 1.4% YoY, while Prism RMC revenue declined by 4.9% YoY. Prism Cement constituted 50.9% of Q1FY26 revenues; HRJ constituted 30.4% and Prism RMC constituted 18.7% EBITDA: Rs 174 crore compared to Rs 155 crore during Q1FY25, change 12.7%. Prism Cement EBITDA / tonne grew from Rs 654 in Q1FY25 to Rs 708 primarily due to decline in power & fuel and other costs; HRJ EBITDA remained flat on a YoY basis, while Prism RMC EBITDA declined by 39.5% YoY. Q1FY26 EBITDA margin expanded by 40 bps YoY to 9.7% due to better profitability in Prism Cement; HRJ’s EBITDA margin remained flat on a YoY basis at 3.3%, while Prism RMC’s EBITDA margin declined by 290 basis points YoY. Net Debt: Rs 771 crore as on 30th Jun 2025. Annualized ROCE declined from 10.7% in Q1FY25 to 8.8%; Capital Employed increased by 0.1% YoY to Rs 2,208 crore in Q1FY26. Result PDF
Cement & Cement Products company Prism Johnson announced Q2FY25 results Q2FY25 revenue declined by 8.2% YoY mainly due to decline in Prism Cement revenue (declined by 17.3% YoY); HRJ and Prism RMC revenues declined marginally by 1.1% YoY and 0.4% YoY respectively. Prism Cement constituted 40.5% of Q2FY25 revenues; HRJ constituted 37.4% and Prism RMC constituted 22.1%. Q2FY25 EBITDA declined by 36.1% YoY; Prism Cement EBITDA / ton declined from Rs 364 in Q2FY24 to Rs 58 primarily due to lower realizations and maintenance shut-down costs; HRJ EBITDA declined by 18.4% YoY to Rs 34 crore. Q2FY25 EBITDA margin declined by 170 bps YoY to 3.7%; HRJ’s EBITDA margin declined by 130 basis points YoY to 5.9%; Prism RMC EBITDA margin increased by 600 bps YoY to 4.5%. Increase in Working Capital Days is largely attributable to decline in Creditor Days from 65 days in Q2FY24 to 52 days; Debtors Days remained healthy at 35 days in Q2FY25. Free Cash Flow (FCF) (pre-capex and investments) stood at Rs (181) crore in Q2FY25; primarily impacted due to LC payments of Rs 287 crore in Q2FY25. Net Debt to TTM EBITDA at 2.4x and Net Debt to Equity at 0.8x as on September 30, 2024; Total debt repayment obligation as of September 30, 2024 is Rs 20 crore for FY25 and Rs 305 crore for FY26. Annualized ROCE declined by 820 basis points YoY from 0.8% in Q2FY24 to (7.4%); Capital Employed increased by 3.1% YoY to Rs 2,433 crore in Q2FY25. Result PDF
Cement & cement products firm Prism Johnson announced FY23 results: FY23 revenue of Rs 6,830 crore grew by 17.2%, led by strong double-digit revenue growth in Prism Cement (+25.9%) and Prism RMC (+17.0%); HRJ revenues grew by 8.0%, led by 5.2% growth in tiles sales volume (domestic tiles sales volume grew 11.3%) Prism Cement constituted 44% of FY23 revenues, HRJ constituted 35% and Prism RMC constituted 21% FY23 EBITDA declined by 27.6%; Prism Cement EBITDA/tonne declined from Rs 709 in FY22 to Rs 445 due to a sharp increase in costs, especially fuel; HRJ EBITDA declined by 25.0% to Rs 176 crore in FY23 400 bps decline in EBITDA margin due to cost pressures across all divisions; HRJ reported an EBITDA margin of 7.3%; Prism RMC EBITDA margin declined by 30 bps to 0.4% Efficient management of working capital; significant reduction in inventory days led to a decline in working capital days from 18 days in FY22 to 6 days in FY23 Operating free cash flow (FCF) (pre-capex and investments) grew by 33.7% to Rs 543 crore in FY23 Net debt to EBITDA at 2.6x as on March 31, 2023; Net debt/equity stood at 0.8x as of March 31, 2023; Out of the total debt repayment obligation of Rs 409 crore for FY24, Rs 35 crore has been prepaid till date A sharp decline in EBITDA margin led to ROCE contraction from 13.5% in FY22 to 4.0% in FY23; capital employed decreased by 8.2% to Rs 2,376 crore in FY23 Result PDF
Cement & Cement Products firm Prism Johnson announced Q1FY23 Result : Q1 FY23 revenue grew by 41.8% YoY led by strong growth across all divisions, partly due to a favourable base as the second wave of Covid-19 impacted business volumes during Q1 FY22 Prism Cement constituted 44.0% of Q1 FY23 revenue; HRJ constituted 35.1% and Prism RMC constituted 21.0% Rs 16,919 mn Q1 FY23 Revenue Q1 FY23 EBITDA grew by 1.4% YoY to Rs 1,548 mn; Prism Cement’s EBITDA per ton improved from Rs 408 in Q4 FY22 to Rs 750, partly led by improvement in realisations Q1 FY23 EBITDA Margin declined by 370 basis points YoY to 9.1% due to rising input cost pressures, mainly for Prism Cement Efficient management of Working Capital; Working Capital Days stood at 24 days in Q1 FY23 Operating Free Cash Flow (FCF) (pre-capex and investments) was Rs (20) million in Q1 FY23 Decline in EBITDA Margin led to ROCE contraction from 14.0% in Q1 FY22 to 10.1% in Q1 FY23; Capital Employed increased by 5.6% to Rs 26,764 million in Q1 FY23 Strong Balance Sheet Net Debt to TTM EBITDA at 2.1x as on June 30, 2022; Net Debt / Equity stood at 0.9x as of June 30, 2022 Result PDF
Highlights: 8.4% YoY revenue growth in Q2 FY22, due to healthy growth in HRJ & Prism RMC Divisions; Cement revenue was marginally down due to monsoon & Annual Shutdown Prism Cement constituted 39.6% of Q2 FY22 revenues; HRJ constituted 39.4% & Prism RMC constituted 21.0% (8.6%) YoY EBITDA decline; Cement EBITDA / ton declined by 10.5% YoY and 21.6% QoQ to Rs 906 on account of lower volumes and higher cost. 230 bps YoY EBITDA margin decline due to Cement lower volumes and higher cost. Marginal Increase in Working Capital Days in line with company expectations as Creditor Days normalised to 52 days as compared to 63 days in FY21 Operating Free Cash Flow (FCF) (pre-capex and investments) was Rs 648 mn in Q2 FY22 on account of profits generated with stable working capital EBITDA Margin decline led to marginal ROCE# contraction from 18.7% in Q2FY21 to 17.2% in Q2 FY22 Strong Balance Sheet Net Debt to TTM EBITDA at 1.8x as on September 30, 2021 Result PDF