Prism Johnson Ltd

The agency has also affirmed the company's short-term rating at 'IND A1+'. India Ratings and Research stated that the 'positive' outlook reflects the likelihood of an improvement in PJL's operating profitability in FY26, after a subdued FY25, leading to an improvement in its credit profile. The fall in realisations amid a tepid demand and an increasing competitive intensity, led to a fall in EBITDA in FY25, as against the agency's expectation of an improvement. However, the agency expects an improvement in cement demand and increased realisations, coupled with cost optimisation measures, across segments to result in an improvement in the EBITDA in FY26. Furthermore, despite the fall in the EBITDA, the company reduced its net debt by monetising non-core assets in 4QFY25, resulting in a flattish net leverage. The interest coverage, which fell in FY25 due to a lower EBITDA, is likely to improve in FY26 with the recovery in EBITDA and debt reduction. The liquidity remains adequate with sizeable, unencumbered cash and equivalents and unutilised bank lines. The agency further said that a substantial improvement in the operating performance and profitability, along with the adjusted net leverage reducing below 2.0x, on a sustained and consolidated basis, could be positive for the ratings. However, a weaker-than-expected operating performance and/or higher-than-expected capex, leading to the adjusted net leverage remaining above 2.0x, on a sustained and consolidated basis, could be negative for the ratings. Prism Johnson (PJL) is a leading manufacturer of building material such as cement, RMC, and ceramic tiles in India. It also has interests in building materials, sanitary-ware and insurance through subsidiaries and joint ventures. The scrip rose 0.63% to currently trade at Rs 142.65 on the BSE. Powered by Capital Market - Live

  Prism Johnson announced that India Ratings & Research has affirmed its ratings/outlook for the existing Non convertible Debentures, term loans and fund based working capital limits of the Company as 'IND A+/Positive'. Further, the ratings for non-fund based working capital limits, unsecured short-term loans and commercial paper program of the Company has been affirmed as 'IND A1+'. The ratings of unallocated fund based / non-fund based limits of Rs 1.1 crore have been withdrawn in line with India Ratings' policy on Withdrawal of Ratings given that the facility rating is no longer required to be maintained as this debt is not expected to be availed.Powered by Capital Market - Live

Net profit of Prism Johnson reported to Rs 129.30 crore in the quarter ended March 2025 as against net loss of Rs 16.06 crore during the previous quarter ended March 2024. Sales rose 2.10% to Rs 2073.39 crore in the quarter ended March 2025 as against Rs 2030.79 crore during the previous quarter ended March 2024. ParticularsQuarter EndedMar. 2025Mar. 2024% Var. Sales2073.392030.79 2 OPM %9.045.48 - PBDT151.6374.16 104 PBT18.64-52.12 LP NP129.30-16.06 LP Powered by Capital Market - Live

Prism Johnson will hold a meeting of the Board of Directors of the Company on 15 May 2025.Powered by Capital Market - Live

The company has appointed Sanjay Roy as chief executive officer (RMC)'designate. Roy will be responsible for overseeing the Ready-mixed Concrete (RMC) business of the company. He holds a bachelor's degree in civil engineering (B.E.) from Pune University and an MBA in marketing management from the Corporate Executive Board, UK. With over 32 years of experience in the Ready Mix Concrete and construction industries, Roy has held leadership roles at prominent organizations such as ACC (part of the Adani Group), where he served as chief executive of the concrete business. Prior to joining Prism Johnson, he was Head of Concrete Business at Aparna Enterprises. Roy has led various functions including business development, strategic planning, project management, and cost-saving initiatives, and has been instrumental in driving turnarounds in strategic markets. Additionally, The company has also appointed Gopal Bihani as Senior Vice President of the Franchise & Construction Chemical Business within the RMC Division, effective 24th March 2025. Bihani, a Commerce Graduate and Chartered Accountant, brings 27 years of diverse experience in finance and accounts, business excellence, mergers and acquisitions, business strategy, risk management, and ERP implementation. He previously served as Chief Financial Officer at Future Consumer Limited, Aadhaar Retailing Limited, and GJ Future Fashion Limited. Bihani's career includes leadership roles across multiple sectors, such as building materials, food processing, manufacturing, retail, and NBFC. He played an instrumental role in setting up a Mega Food Park in Tumkur, Karnataka, which was inaugurated by Prime Minister Narendra Modi in 2014. Further, Samir Jana has been appointed as President ' Operations for the Durgapur and Vijayawada plants of the HRJ Division, effective 24th March 2025. Jana holds a B.Tech from Calcutta University and an MBA from TASMAC, Pune. With more than 33 years of experience in the building materials industry, particularly in ceramic tiles, he has held leadership roles in various organizations, including Malwa Mirage Ceramics, Orient Bell, Bharat Potteries and Somany Pilkington's. Jana has a wealth of experience in operations, production, and technical management. Furthermore, Anoop Sreekumar has been appointed as President ' Marketing and Emerging Business within the HRJ Division, effective 24th March 2025. Sreekumar, a Bachelor of Engineering (B.E.), is a seasoned industry leader with over 25 years of experience in marketing strategy and emerging business segments. At Prism Johnson, he has been instrumental in developing and executing marketing strategies while expanding emerging business segments of the HRJ Division. His efforts have helped strengthen the company's global market presence, foster innovation, and drive sustainable growth. Prism Johnson (PJL) is an integrated building materials company with a wide range of products such as cement, ready-mixed concrete, tiles, and bath products. The PJL group currently has four divisions: cement, H & R Johnson (HRJ, tile business), ready mix concrete, and RQBE Gen Insurance Co. The company reported consolidated net profit of Rs 48.12 crore in Q3 FY25 as compared with net loss of Rs 3.45 crore in Q3 FY24. Net sales rose 6% YoY to Rs 1,817.17 crore in the quarter ended 31 December 2024. Shares of Prism Johnson rose 0.87% to settle at Rs 128.10 on the BSE. Powered by Capital Market - Live

Prism Johnson announced the resignation of Anil Suresh Kulkarni, Executive Director & CEO (RMC), as Director of the Company from the close of business hours on 28 February 2025. Powered by Capital Market - Live

Anil Suresh Kulkarni will be relieved from his duties effective from the close of business hours on 28 February 2025. Prism Johnson (PJL) is an integrated building materials company with a wide range of products such as cement, ready-mixed concrete, tiles, and bath products. The PJL group currently has four divisions: cement, H & R Johnson (HRJ, tile business), ready mix concrete, and RQBE Gen Insurance Co. The company reported consolidated net profit of Rs 48.12 crore in Q3 FY25 as compared with net loss of Rs 3.45 crore in Q3 FY24. Net sales rose 6% YoY to Rs 1,817.17 crore in the quarter ended 31 December 2024. Shares of Prism Johnson shed 0.66% to Rs 121.25 on the BSE.Powered by Capital Market - Live

Net profit of Prism Johnson reported to Rs 48.12 crore in the quarter ended December 2024 as against net loss of Rs 3.45 crore during the previous quarter ended December 2023. Sales rose 5.99% to Rs 1817.17 crore in the quarter ended December 2024 as against Rs 1714.53 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1817.171714.53 6 OPM %2.897.79 - PBDT87.4090.32 -3 PBT-33.71-8.97 -276 NP48.12-3.45 LP Powered by Capital Market - Live

Net profit of Prism Johnson rose 2578.09% to Rs 47.67 crore in the quarter ended December 2024 as against Rs 1.78 crore during the previous quarter ended December 2023. Sales declined 1.64% to Rs 1622.96 crore in the quarter ended December 2024 as against Rs 1649.97 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1622.961649.97 -2 OPM %2.318.02 - PBDT75.5692.03 -18 PBT-31.592.47 PL NP47.671.78 2578 Powered by Capital Market - Live

Prism Johnson will hold a meeting of the Board of Directors of the Company on 6 February 2025.Powered by Capital Market - Live