Prism Johnson’s Posted Net Loss of Rs 63.35 Crs in Q3
Prism Johnson a building material company, has reported consolidated net loss of Rs 63.35 crore in the quarter ended in December 31,2022. It had recorded loss after tax of Rs 0.72 crore in the corresponding quarter of the previous year the company said. The company’s consolidated total income stood at Rs 1,785 crore in Q3 FY23, a growth of 8.41 per cent from Rs 1647.42 crore it recorded in the similar quarter last year. During the quarter Prism Cement segment constituted 42.9% of overall revenues HRJ segment constituted 36.1% and Prism RMC segment constituted 21% it said in the investor’s presentation. As of December 31, 2022 the company’s net worth stood at Rs 1205. 42 of overall revenues, HRJ segment constituted 36.1% and Prism RMC segment constituted 21% it said. As of December 31, 2022 the company’s net worth stood at Rs 1205.42 crore debt- equity ratio was 1.42 total debts to total debt to total assets was 25.97%, operating margin was 3.46% and net profit margin was -3.64%, it said in the regulatory filing. Cement & clinker sales volumes grew 9.4 per cent year-on-year to 1.37 million tons, tiles sales volume declined by 6.8 per cent year-on-year while ready-mixed concrete sales volumes grew 12 per cent in Q3 FY23 it said in the investor presentation.
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