BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Prism Johnson Ltd.’s Q2 FY21 standalone Ebitda grew 85% YoY to Rs 1.5 billion, significantly above our/consensus estimates owing to sharp fixed cost reduction and volume recovery across key segments.
Cement volumes grew 3% YoY with Ebitda/tonne increasing 65% YoY to Rs 1,012/tonne owing to better-than-expected realisation and lower costs.
Consolidated tile bathroom kitchen revenue grew 6% YoY with Ebitda margins improving to 10.7% from 4.2% in Q2 FY20 led by product mix improvement and fixed cost reduction.
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