Cement News tagged under: Prism Cement

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Prism Cement reports 13% net sales increase in 4QFY18

30 May 2018, Published under Cement News

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.

Prism Cement changes name to Prism Johnson

23 April 2018, Published under Cement News

India’s Prism Cement Ltd has changed its name to Prism Johnson Ltd, effective from 18 April 2018. ''To dispel the perception that Prism Cement Limited […] is only a cement company, the name of the company has been changed to Prism Johnson. Prism Johnson is one of India's leading integrated building materials company and the new name reflects the product range and magnitude of operations of the company,'' said Vijay Aggarwal, managing director of the company.

Prism Cement posts increase in net profits

14 February 2018, Published under Cement News

Prism Cement has posted its results for the quarter ended 31 December 2017. The company reached a net profit of INR148.5m (US$2.31m), compared to a loss of INR470m in the year-ago period. The total net sales of the company advanced to INR12.96bn from INR12.34bn, according to Reuters.

Prism Cement sees rise in 2Q17 EBITDA

16 November 2017, Published under Cement News

Prism Cement has posted a 50.4 per cent YoY rise in EBITDA for the 2Q17 period ended 30 September 2017 to INR376m (US$5.78m). The resulting EBITDA margin for the second quarter was 3.2 per cent. The company’s revenue fell 7.7 per cent on a comparable basis to INR11.6bn 2Q17 from INR12.62bn in 2Q16. The first six months of the current financial year has seen Prism report EBITDA of INR1.14bn. In comparison to the same period of the previous year, this is a minor decrease of 5.3 per cent. Si...

Prism Cement appoints Manish Bhatia as CFO

22 August 2017, Published under Cement News

India-based Prism Cement has appointed Manish Bhatia as chief financial officer following the resignation of Pramod Akhramka. Mr Bhatia has more than 20 years of experience in the core fields of accountancy as well as finance and commercial activities as well as other areas regarding mergers and acquisitions, due diligence, strategy, ERP, etc.

Prism Cement quarterly net profit falls

26 May 2017, Published under Cement News

India-based Prism Cement’s net profit fell to INR701.5m (US$10.9m) versus INR756.1m a year earlier.  Consensus forecast for March quarter profit was INR23.01m, according to Reuters. Total income for the three months to the end of March 2017 was INR15.76bn versus INR15.91bn a year ago. Prism cement manufactures PPC under the brand name 'Champion' and premium quality grade of cement under ‘H-Tech’ and ‘Duratech’ brand. It caters mainly to the markets of eastern Uttar Pradesh, Madhya Prad...

Prism Cement receives limestone mining lease

03 May 2017, Published under Cement News

Prism Cement announced it has received a letter of intent from the government of Madhya Pradesh, India, for a cement-grade limestone mining lease. The lease if for mining in the Chulhi and Majhiyar villages in the Satna district of the central Indian state. To span a period of 50 years, the lease covers reserves of about 23.6Mt and applies to the cement producer’s plants Madhya Pradesh.

India: Prism Cement receives part-fuel requirement for 5 years

01 March 2017, Published under Cement News

Prism Cement Ltd has successfully bid for 18,300tpa of coal from South Eastern Coalfields Ltd, a subsidiary of Coal India Ltd, in a recently-held auction of coal linkages for the cement industry, according to a filing to the Bombay Stock Exchange. With the bid, the cement producer has secured part of its fuel requirement for the next five years. The allocation was made at a nominal premium over the floor price.

India: Prism results point to mild demonetisation impact

16 February 2017, Published under Cement News

Prism Cement has released its trading statement for the three months to December 2016, revealing that cement sales volumes have only been slightly harmed by the impact of demonetisation. The firm sold 1.20Mt of cement between September and December, compared with 1.22Mt in the same period the previous year. Revenues for Prism’s cement were even less affected, declining by just 0.8 per cent as the firm successfully reduced costs, particularly for logistics and power. In a forward-lookin...

India: Prism Cement sees losses shrink for 1HFY17

23 December 2016, Published under Cement News

Prism Cement has released its financial results for the first half of its trading year, which began on 1 April, revealing a loss of INR50.62m (US$0.75m) over the six-month period. This compares favourably with the same period in FY16, when the company booked a loss of INR522.8m. Prism’s cement business saw revenues rise by 0.7 per cent and was the most profitable of the company’s three divisions. Prisms profits from cement rose by 68 per cent YoY to INR1.1bn. However, sales of cement and ...