Prism Johnson's Q3 rebound: Profitable quarter driven by govt-led boost

06 Feb 2024 CW Team

Prism Johnson, the building materials manufacturer in India, reported a profitable third quarter on Thursday, marking a significant turnaround from the previous year's loss. The company's positive performance was attributed to increased government support for construction projects in anticipation of upcoming general elections.

For the quarter ending on December 31, Prism Johnson recorded a net profit after tax of 17.8 million rupees ($214,537.96), in stark contrast to the 447.4 million rupees loss in the same period the previous year. This marked the company's fourth consecutive quarterly profit.

The firm's net sales witnessed a 3% rise, reaching 16.50 billion rupees, with the cement segment contributing substantially to overall sales. The cement division saw a 6.8% increase in revenue, driven by higher sales volumes of cement and clinker. However, raw material costs experienced a 5% uptick.

The surge in construction activity over the past few quarters can be attributed to the Indian government's heightened spending in the housing and infrastructure sectors, strategically timed ahead of the general elections scheduled for May. In a similar trend, other cement manufacturers like UltraTech Cement and ACC reported quarterly profits exceeding analysts' expectations, benefiting from price hikes and sustained demand in housing and infrastructure.

Following the positive results on Thursday, Prism Johnson's shares initially rose by 1.5% to reach a session high of 183.40 rupees. However, the stock later reversed its trajectory, ending the session down by 2.9%. Notably, Prism Johnson's shares had surged over 40% in the October-December period, marking their fourth consecutive quarterly gain.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..