Prism Cement reports 13% net sales increase in 4QFY18

India’s Prism Cement Ltd has reported a 13.4 per cent YoY increase in net sales to INR16.14bn (US$238.94m) for the 4QFY18. EBITDA surged 40.3 per cent to INR1.69bn, while its EBITDA margin expanded to 10.6 per cent. However, profit after tax decreased 10.6 per cent to INR627m.

The cement sector saw sales volume growth to 1.7Mt in the quarter, according to India Infoline. EBITDA/t increased to INR819/t from INR580/t of the year-ago period.