Shares of this smallcap cement company gained 3.95 percent after the company reported robust profit growth of 681 percent QOQ. The company has a market capitalization of Rs. 7,077.19 crores.
At 12:35, 3rd November shares of Prism Johnson Ltd were trading at Rs. 146.10 per share, up by 3.95 percent from previous closing price of Rs. 140.55 per share. The stock has gained 10.9 percent in the last 1 month.
Such bullish stock price movements were observed after the company announced results for Q2FY24 in which profit increased by 681 percent to Rs. 213.55 crores from Rs. 27.34 crores on quarterly basis, however revenue decreased slightly by 5 percent to Rs. 1,837.81 crores from Rs. 1,942.15 crores on quarterly basis.
Moreover, in the same quarter of the previous financial year the company reported loss of Rs. 99.99 crores and now reported profit of Rs. 213.55 crores with an increase in revenue by 10.5 percent to Rs. 1,837.81 crores from Rs. 1,663.32 crores YOY.
Looking at the profitability ratios, the company reported return on capital employed (ROCE) of 0.68 percent and debt to equity ratio of 1.22 in the last financial year.
Prism Johnson Limited was established in 1992 and is one of the leading comprehensive building materials companies in India. They offer a diverse range of products, including cement, ready-mixed concrete, tiles, sanitaryware, and bath fittings.
Written by: Vinit Israni
