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