Prism Johnson announced that pursuant to the voluntary separation scheme offered by the company, it has rationalised 49 workers atone of its tile manufacturing facilities located at Kunigal, Karnataka duringJanuary-February 2021. The one-time financial impact on account of suchrationalisation is approximately Rs 6 crore, which has been met out of theinternal accruals of the Company.

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The Board of Prism Johnson at its meeting held 28 January 2021 hasapproved an addition of 0.9 million tonnes per annum (MTPA) in the existing production capacity of cement of 5.6 MTPA at Satna, Madhya Pradesh. The investment required for the capacity additional of Rs 139 crore which will be financed through internal accruals.

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Net sales rose 3.66% to Rs 1,500.66 crore in Q3 FY21 over Q3 FY20. Total expenses during the quarter declined marginally, by 0.93%, to Rs 1,448.98 crore as compared to the same period last year.

Profit before tax in Q3 December 2020 stood at Rs 73.99 crore, up by 9.41 times from Rs 7.86 crore in Q3 December 2019. Current tax outgo rose by 27.6% year-on-year (YoY) to Rs 5.41 crore in the third quarter.

Prism Johnson is one of India's leading integrated building materials company, with a wide range of products from cement, ready-mixed concrete, tiles and bathroom products.

The scrip fell 0.28% to Rs 89.45. It traded in the range of 87 and 91.55 so far during the day.

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Net profit of Prism Johnson rose 1515.20% to Rs 55.24 crore in the quarter ended December 2020 as against Rs 3.42 crore during the previous quarter ended December 2019. Sales rose 3.66% to Rs 1500.66 crore in the quarter ended December 2020 as against Rs 1447.73 crore during the previous quarter ended December 2019.

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