ICICI Securities: Prism Johnson - TBK, Ready Mix Concrete Likely To Drag In FY21E
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. 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 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.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.