*PRSMJOHNSN* Good for Holding around 9 Months ..... Current Price at *180.40* ......... Keep SL at *170.50* .... (On Closing Basis ... Means ... Daily Candle closed Below *170.50* )….. After Close Crossing *192.70* …. Trail SL to *184.95* Targets are Shown on Chart in Greens ..
Expansion.
The company completed a tile capacity expansion of 1.2 million m2 in Morbi, Gujarat, through one of its joint ventures in February 2023. Additionally, they are on track to add a greenfield tile capacity of 5.5 million m2 in Panagarh, West Bengal, which was expected to be completed in the first half of 2023-24.
Also, it has announced to establishment of a captive wind power project with a capacity of 24 MW to supply electricity to its cement plant in Satna, Madhya Pradesh. It is expected to be commissioned during the first half of 2024-25.
Growth
Expansion.
The company completed a tile capacity expansion of 1.2 million m2 in Morbi, Gujarat, through one of its joint ventures in February 2023. Additionally, they are on track to add a greenfield tile capacity of 5.5 million m2 in Panagarh, West Bengal, which was expected to be completed in the first half of 2023-24.
Also, it has announced to establishment of a captive wind power project with a capacity of 24 MW to supply electricity to its cement plant in Satna, Madhya Pradesh. It is expected to be commissioned during the first half of 2024-25.
Growth
Cement revenue grew by 6.8% YoY to ₹ 748 Crores in
Q3 FY24 led by strong growth in cement & clinker sales
volume.
Cement & clinker sales volume grew by 8.8% YoY to
1.49 million tons; Share of premium cement maintained
at 33% in Q3 FY24.
EBITDA per ton increased by 167.1% YoY to ₹ 787 per
ton due lower fuel cost and higher clinker production
and inventory.
Trade active:
Revenue grew by 7.7% YoY from ₹ 343 Crores in Q3 FY23 to
₹ 370 Crores in Q3 FY24 primarily due to increase in demand
from the real estate and infrastructure sectors.
EBITDA Margin improved by 80 bps YoY to 1.6% due to
several cost saving initiatives taken by the Company.
Q3 FY24 annualised ROCE came in at (9.0%) and Capital
Employed was ₹ 199 Crores as of December 31, 2023.
Key Focus Areas: Increase plant utilisation levels, increase
share of value added products and focus on individual
home builder segment.
₹ 370 Crores in Q3 FY24 primarily due to increase in demand
from the real estate and infrastructure sectors.
EBITDA Margin improved by 80 bps YoY to 1.6% due to
several cost saving initiatives taken by the Company.
Q3 FY24 annualised ROCE came in at (9.0%) and Capital
Employed was ₹ 199 Crores as of December 31, 2023.
Key Focus Areas: Increase plant utilisation levels, increase
share of value added products and focus on individual
home builder segment.