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

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

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.

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.

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?