Prism Johnson (500338) Q3 25/26 earnings summary

Executive summary

• Operating environment improved after years of high input costs, pricing pressure, and demand volatility, with visible recovery trends in recent quarters.

• Strategic focus on cost normalization, operational efficiency, premiumization, and balance sheet discipline drove profitability across all businesses.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved and reviewed by the Board and auditors on February 6, 2026.

• The results reflect significant non-recurring items, including gains from asset sales and expenses from new labor codes.

Financial highlights

• Consolidated revenue grew 5.9% YoY to ₹1,759 crore in Q3 FY26; 9M FY26 revenue up 8.7% YoY to ₹7,175 crore.

• Q3 FY26 EBITDA rose 241.4% YoY to ₹158 crore; 9M FY26 EBITDA up 100.7% YoY to ₹519 crore.

• Q3 FY26 net profit at ₹72 crore, up from ₹42 crore YoY, aided by exceptional gains.

• Standalone revenue from operations for Q3 FY26 was ₹1,718.84 crore, up from ₹1,622.96 crore in Q3 FY25; nine-month revenue was ₹5,185.11 crore, up from ₹4,769.58 crore year-over-year.

• Consolidated net profit after non-controlling interest for Q3 FY26 was ₹61.12 crore, compared to ₹48.12 crore in Q3 FY25; nine-month net profit was ₹66.47 crore, versus a loss of ₹49.37 crore year-over-year.

Outlook and guidance

• Stable medium-term cement demand outlook in Central India, supported by rural/semi-urban housing and infrastructure.

• Intensified competition expected due to new capacity additions, but healthy demand growth anticipated.

• The company continues to monitor the impact of new labor codes and awaits further government clarifications to finalize the financial impact.