Prism Johnson posts bigger-than-expected Q2 loss on tepid cement demand

Quick Summary:

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.

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

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Article Details

Category: BusinessFinance

Markets: India

Topics: Profit estimate Construction Cement business Prism Johnson Elara Capital

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 14:26:00 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 352 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23568357

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