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ICICI Securities Report
Prism Johnson Ltd.’s Q1 FY21 Ebitda was down 78% YoY owing to losses in tile bathroom kitchen and ready mixed concrete (TBK and RMC) divisions; though the losses were restricted owing to better cost controls.
Cement volumes were down 23% YoY; while Ebitda/tonne was flat YoY at Rs 1,116/tonne. Consolidated debt was down Rs 2.8 billion owing to better working capital management.
Cement and TBK revenues are marginally down in July 2020; while RMC revenues are still down 50% YoY in July 2020.
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