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Mar 27, 2024 8:18 AM

PRSMJOHNSN Long

PRISM JOHNSON LTDNSE

Description

*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

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.
Comments
vijaygirimotigiri
184 ke upar close aaye tab Jake ye break out hogha
vijaygirimotigiri
ye niche jayega bhai abhi to
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