Prism Johnson

** Investec, rated 4 of 5 stars on overall rating accuracy, per LSEG data, expects Indian cement sector Q2 EBITDA/tonne to fall 130-200 rupees in Q2 on weaker pricing and higher fuel costs

** Says FY27 earnings downgrades are not over despite consensus cuts of 43% already

** Warns spot fuel inflation could keep second-half profitability flat from first-half levels

** Prefers Ambuja Cements ABUJ.NS, UltraTech Cement ULTC.NS, JK Cement JKLC.NS and JSW Cement JSWC.NS on stronger balance sheets and expansion options; rates them all at "buy"

** Cautious on HeidelbergCement India HEID.NS, Prism Johnson PRIS.NS, Ramco Cements TRCE.NS, Star Cement STAT.NS and Shree Cement SHCM.NS; rates them all at "sell"

(Reporting by Kashish Tandon in Bengaluru)

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Prism Johnson had its ₹22.70 crore Goods and Services Tax demand set aside in full by the Commissioner (Appeals) CGST, Excise and Service Tax, Bhopal. The demand, originally raised by the Additional Commissioner CGST and Central Excise, Jabalpur, included an ₹11.35 crore penalty and proceedings involving company employees. The appellate order was dated September 3, 2026, and the company received it by email on September 7. Prism Johnson reported FY26 revenue of ₹7,404 crore and net profit of ₹105 crore.

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Prism Johnson was declared the successful bidder for coal linkages from Eastern Coalfields and South Eastern Coalfields, subsidiaries of Coal India, in an MSTC auction. The awards cover 24,000 tonnes and 104,000 tonnes a year respectively for ten years, with an indicated combined contract value of ₹70.49 crore a year. The additional 128,000 tonnes takes total coal linkage to 279,400 tonnes a year, covering about half of the Cement Division's annual fuel requirement; 111,400 tonnes of existing linkage is due to expire in February 2027. Cement accounted for about 46% of FY26 revenue, while its Q1 FY27 volume fell 6% year on year and EBITDA per tonne was ₹706.

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Aug 18 (Reuters) - Prism Johnson Ltd PRIS.NS:

• PRISM JOHNSON - DECLARED SUCCESSFUL BIDDER FOR SUPPLY OF 24,000 METRIC TONNES COAL PER ANNUM BY EASTERN COALFIELDS

• PRISM JOHNSON - DECLARED SUCCESSFUL BIDDER FOR SUPPLY OF 104,000 METRIC TONNES COAL PER ANNUM BY SOUTH EASTERN COALFIELDS

• PRISM JOHNSON - TOTAL VALUE OF TWO CONTRACTS IS 704.9 MILLION RUPEES PER ANNUM

Source text: [ID:]

Further company coverage: PRIS.NS

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Aug 7 (Reuters) - Prism Johnson Ltd PRIS.NS:

• PRISM JOHNSON JUNE-QUARTER CONSOL NET PROFIT 1.13 BILLION RUPEES

• PRISM JOHNSON JUNE-QUARTER CONSOL NET SALES 18.11 BILLION RUPEES

Source text: ID:nBSE680P1Y

Further company coverage: PRIS.NS

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May 14 (Reuters) - Prism Johnson Ltd PRIS.NS:

• PRISM JOHNSON MARCH-QUARTER CONSOL NET PROFIT FROM CONTINUING OPERATIONS 278.3 MILLION RUPEES

• PRISM JOHNSON MARCH-QUARTER CONSOL NET SALES 20.92 BILLION RUPEES

Source text: ID:nBSE9qD8D1

Further company coverage: PRIS.NS

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April 24 (Reuters) - Prism Johnson Ltd PRIS.NS:

• PRISM JOHNSON LTD - CONCLUDES ARBITRATION WITH DOOSAN POWER SYSTEMS INDIA ON APRIL 16, 2026

• PRISM JOHNSON LTD - DOOSAN POWER SYSTEMS INDIA TO PAY 88.7 MILLION RUPEES TO PRISM CO

Source text: ID:nBSE17NYcQ

Further company coverage: PRIS.NS

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March 30 (Reuters) - Prism Johnson Ltd PRIS.NS:

• RECEIVES TAX DEMAND OF 282.4 MILLION RUPEES

Source text: ID:nNSE522GGb

Further company coverage: PRIS.NS

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March 2 (Reuters) - Prism Johnson Ltd PRIS.NS:

• PRISM JOHNSON LTD - COMPANY TO SELL 51% SHAREHOLDING IN RQBE FOR 3.24 BILLION RUPEES

Source text: ID:nNSE4sKjQk

Further company coverage: PRIS.NS

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Feb 27 (Reuters) - Prism Johnson Ltd PRIS.NS:

• PRISM JOHNSON LTD - EXPANDS PRODUCT RANGE WITH GYPSUM PLASTER

Source text: ID:nBSE2L9tNx

Further company coverage: PRIS.NS

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Feb 6 (Reuters) - Prism Johnson Ltd PRIS.NS:

• PRISM JOHNSON LTD - DEC-QUARTER CONSOL NET PROFIT 499.3 MILLION RUPEES

• PRISM JOHNSON Q3 CONSOL NET SALES 18.1 BILLION RUPEES

Source: https://nsearchives.nseindia.com/corporate/PRSMJOHNSN_06022026131250_SEIntimationUFR.pdf

Further company coverage: PRIS.NS

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Oct 30 (Reuters) - Prism Johnson PRIS.NS:

• INCOME TAX DEPARTMENT CONDUCTS SURVEY AT PRISM JOHNSON OFFICES

• NO MATERIAL IMPACT ON BUSINESS OPERATIONS FROM TAX SURVEY

Source text: ID:nNSE56gpSc

Further company coverage: PRIS.NS

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Sept 23 (Reuters) - Prism Johnson Ltd PRIS.NS:

• DECLARED ‘PREFERRED BIDDER’ FOR GRANT OF MINING LEASE FOR HINAUTI-2 LIMESTONE BLOCK

Further company coverage: PRIS.NS

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Aug 13 (Reuters) - Prism Johnson Ltd PRIS.NS:

• PRISM JOHNSON: ENTERED INTO SUPPLY AGREEMENT WITH JABALPUR CEMENT INDUSTRIES

• PRISM JOHNSON: AGREEMENT FOR SUPPLY OF CEMENT FROM PLANT SITUATED AT JOGIDHANA

Source text: ID:nnAZN4D22GL

Further company coverage: PRIS.NS

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Aug 4 (Reuters) - Prism Johnson Ltd PRIS.NS:

• PRISM JOHNSON LTD - BOARD MEETING TO CONSIDER FUND RAISING

Source text: ID:nBSEbSgzvz

Further company coverage: PRIS.NS

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April 2 (Reuters) - Prism Johnson Ltd PRIS.NS:

• PRISM JOHNSON LTD - RLJ CEMENT NEARING COMPLETION OF 0.36 MTPA CAPACITY ENHANCEMENT AT MIRZAPUR PLANT

• PRISM JOHNSON LTD - ENHANCED CAPACITY AT RLJ CEMENT'S MIRZAPUR PLANT OPERATIONAL BY JUNE 30, 2025

Source text: ID:nBSE5cB3zB

Further company coverage: PRIS.NS

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Feb 6 (Reuters) - Indian construction materials maker Prism Johnson PRIS.NS reported a profit for the first time in five quarters on Thursday, helped by tax gains related to previous periods.

The company reported a net profit of 481.2 million rupees ($5.5 million), during the October-December period, compared with a loss of 34.5 million rupees a year ago.

Shares of the Hyderabad-based company spiked up to 8% after the results, before losing all of its gains.

However, at a pre-tax basis, the company's net loss widened to 337.1 million rupees, from 89.7 million rupees a year earlier.

Net sales rose 6% on strong performance in its insurance and tilemaking segments, which cushioned weakness in cement and ready-made concrete businesses.

Cement companies have so far reported a mixed set of earnings in the quarter, where they grappled with soft demand and weak prices.

Strong volumes boosted market leader UltraTech ULTC.NS, its rival Adani Group's cement businesses Ambuja ABUJ.NS and ACC ACC.NS, while smaller company Dalmia Bharat DALB.NS took a hit in the quarter due to lower prices.

Cement business, which formed around 39% of the topline, saw a 2.5% drop in sales. Revenue from ready-made concrete businesses also saw a fall of 6.5%.

However, other businesses helped offset the impact. The tilemaking segment rose 4.8%, while insurance business surged over threefold.

($1 = 87.5370 Indian rupees)

(Reporting by Vijay Malkar in Bengaluru; Editing by Rashmi Aich)

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Nov 13 (Reuters) - Indian construction materials maker Prism Johnson PRIS.NS on Wednesday posted a bigger-than-expected quarterly loss, as cement prices persistently declined and demand remained tepid.

The company's consolidated net loss stood at 897.9 million rupees ($10.6 million) in the three months ended Sept. 30, marking a second straight quarter of losses. Prism Johnson had reported a net profit of 1.83 billion rupees a year ago.

The reported loss is also bigger than the analysts' estimates of a 122.8 million rupee loss, as per data compiled by LSEG.

Average cement prices slumped to a 51-month low around July-end and the first half of August, and only rose marginally in the later part of the quarter, Elara Capital said in a note.

Prices for the overall quarter declined 7% year-on-year, the brokerage added.

Demand in the reported quarter was also largely muted as the industry, already hit by an election-linked slowdown in construction activity in the June quarter, did not see any improvement due to above-average rainfall in the country.

The company's net sales dropped 5.2% to 16.39 billion rupees, owing to a 17% decline in its cement business, which makes up 37% of the revenue.

Prism Johnson's other two businesses - tiles and concrete mix - posted a 1% and 0.4% drop in revenues in their respective segment.

The company's shares, which were in the red ahead of results, fell 2.5% post results.

India's top cement maker, UltraTech Cement, ULTC.NS missed second-quarter profit estimates on lower prices and bleak demand.

($1 = 84.3900 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Sumana Nandy)

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Oct 22 (Reuters) - Prism Johnson Ltd PRIS.NS:

• ACQUIRED SHARES WORTH 229.6 MILLION RUPEES OFFERED BY RAHEJA QBE GENERAL INSURANCE

Source text for Eikon: ID:nNSE9vfns2

Further company coverage: PRIS.NS

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** Shares of India's Prism Johnson PRIS.NS rises 3% to 166 rupees

** Construction materials maker buys 50% stake in Sunbath Sanitary Pvt Ltd by investing 187.2 mln rupees ($2.2 mln)

** Post deal, sanitaryware maker Sunbath has become JV of PRIS

** Trading vols 2.4x 30-day avg

** Day's jump trims YTD losses to ~10%

($1 = 83.8900 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Aug 22 (Reuters) - Prism Johnson Ltd PRIS.NS:

• PRISM JOHNSON LTD - ENTERED INTO SHAREHOLDERS AGREEMENT WITH SUNBATH SANITARY

• PRISM JOHNSON LTD - CO MADE INVESTMENT OF 187.2 MILLION RUPEES

• PRISM JOHNSON LTD - SUNBATH HAS BECOME JV OF CO

Source text for Eikon: ID:nBSE8w6ck4

Further company coverage: PRIS.NS

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BENGALURU, Aug 9 (Reuters) - India's Prism Johnson PRIS.NS posted a loss for the first quarter on Friday, as bleak demand and lacklustre prices in its key cement business weighed on the construction materials maker.

The company posted a consolidated net loss after tax of 77 million rupees (about $918,000) for the quarter ended June 30, versus a profit of 178.9 million rupees a year earlier.

Net sales dropped 8% to 17.47 billion rupees, pulled down by a 15% fall in its cement segment that makes up 44% of the topline.

During the April-June period, cement makers have grappled with cement prices hovering around their lowest levels in more than three years. Demand was also tepid due to the general elections and heatwaves, which led to a construction slowdown.

India's top cement producer UltraTech Cement ULTC.NS missed estimates for first-quarter earnings last month, but forecast a pick-up in prices and demand from October onwards.

"Upcoming capacity additions in Central India by other cement companies to intensify competition," Prism Johnson said on Friday, at a time when cement makers are ramping up supply capacity in the prospect of sustained demand.

The company has two cement mills - one each in Madhya Pradesh and Maharashtra.

Prism Johnson also makes ceramic tiles in its much-smaller HRJ segment, which witnessed a nearly 2% revenue drop year-on-year.

Shares of Prism Johnson dropped as much as 3.7% after the results were announced.

($1 = 83.8900 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sherry Jacob-Phillips)

(([email protected]; X: @MukherjeeHritam;))

** Shares of Prism Johnson PRIS.NS fall 4.8% to 145 rupees, lowest since Nov. 3

** The construction materials maker reported a consolidated net loss of 305 mln rupees ($3.7 million) for Q4 vs a profit of 42.5 mln rupees an year ago

** Revenue fell in its core cement segment and was additionally hurt by a one time expense of 55.1 mln rupees

** More than 440,000 shares change hands, 1.2x its 30-day avg

** Five analysts covering the stock on avg have a "hold" rating; median PT is 169 rupees - LSEG data

** Stock down 10% so far in May

($1 = 83.4842 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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March 29 (Reuters) - Prism Johnson Ltd PRIS.NS:

• PRISM JOHNSON LTD - APPROVED RAISING OF FUNDS THROUGH ISSUE OF NON-CONVERTIBLE DEBENTURES ON A PRIVATE PLACEMENT BASIS

• PRISM JOHNSON LTD - APPROVED RAISING OF FUNDS UP TO 2 BILLION RUPEES

Source text for Eikon: ID:nBSE4l2h3w

Further company coverage: PRIS.NS

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March 26 (Reuters) - Prism Johnson Ltd PRIS.NS:

• TO CONSIDER RAISING OF FUNDS VIA NON-CONVERTIBLE DEBENTURES

Source text for Eikon: ID:nBSE3Vn2dn

Further company coverage: PRIS.NS

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Feb 2 (Reuters) - Prism Johnson Ltd PRIS.NS:

• SETTING UP OF CAPTIVE WIND POWER PROJECT AGGREGATING 24 MW WILL BE DELAYED

• DELAY AS INFRASTRUCTURE FACILITIES REQUIRED FOR PROJECT YET TO BE PROVIDED BY CONCERNED GOVERNMENT AUTHORITY

• CO EXPECTS TO IMPLEMENT AND COMMISSION PROJECT BY MARCH 2025

Source text for Eikon: ID:nNSE4cLJLs

Further company coverage: PRIS.NS

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BENGALURU, Feb 1 (Reuters) - India's Prism Johnson PRIS.NS reported a profit for the third quarter on Thursday, compared to a loss a year earlier, as the building materials maker benefited from a government push for construction projects ahead of the general elections.

The cement and tiles maker said its net profit after tax came in at 17.8 million rupees ($214,537.96) for the quarter ended Dec. 31, compared to a loss of 447.4 million rupees in the year-earlier period. This was the company's fourth straight quarterly profit.

Net sales rose 3% to 16.50 billion rupees. Revenue from the cement segment, which accounted for nearly half of the company's overall sales, climbed 6.8%, led by higher cement and clinker sales volumes. Raw materials costs rose 5%.

Construction activity has accelerated over the past couple of quarters as the Indian government has increased spending for the housing and infrastructure sectors ahead of this year's general elections due by May.

Last month, cement makers UltraTech Cement ULTC.NS and ACC ACC.NS posted quarterly profits above analysts' expectations, helped by price hikes and sustained demand from the housing and infrastructure sectors.

Shares of Prism Johnson climbed 1.5% to a session high of 183.40 rupees after the results came on Thursday. However, the stock later reversed its course and was last down 2.9%.

Prism Johnson shares jumped more than 40% in the October-December period to register their fourth straight quarterly gain.

($1 = 82.9690 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Subhranshu Sahu)

(([email protected]; https://twitter.com/ramavenkat0607; +91 8095218099;))

Jan 5 (Reuters) - Prism Johnson Ltd PRIS.NS:

• HAS ENTERED INTO AN AGREEMENT TODAY WITH KANODIA CEM PRIVATE LIMITED

• AGREEMENT FOR MANUFACTURE AND SALE OF CEMENT TO CO

Source text for Eikon: ID:nBSE72LvTn

Further company coverage: PRIS.NS

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Dec 15 (Reuters) - Prism Johnson Ltd PRIS.NS:

• GOT ORDER LEVYING A PENALTY OF 118,613 RUPEES

• ORDER FROM OFFICE OF ASSISTANT COMMISSIONER, MUMBAI NORTH WEST

Further company coverage: PRIS.NS

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Dec 8 (Reuters) - Prism Johnson Ltd PRIS.NS:

• GETS GST ORDER FOR SHORTFALL IN PAYMENT OF TAX DURING JULY 2017 TO MARCH 2018

• CO TO FILE AN APPEAL AGAINST THE ORDER

• PENALTY HAS NO MATERIAL IMPACT ON FINANCIALS, OPERATIONS OR ANY OTHER ACTIVITIES

Source text for Eikon: ID:nNSE88sGGv

Further company coverage: PRIS.NS

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