Prism Johnson Ltd.

NSE: PRSMJOHNSN | BSE: 500338 | ISIN: INE010A01011 | Industry: Cement & Cement Products
| Expensive Performer
129.80 6.90 (5.61%)
NSE Aug 18, 2022 15:31 PM
Volume: 1.2M

Rapid Results Alerts
Prism Johnson Ltd.    
03 Aug 2022

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


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