Net profit of Prism Johnson declined 20.75% to Rs 49.72 crore in the quarter ended March 2019 as against Rs 62.74 crore during the previous quarter ended March 2018. Sales rose 3.84% to Rs 1669.85 crore in the quarter ended March 2019 as against Rs 1608.06 crore during the previous quarter ended March 2018.

For the full year,net profit rose 107.33% to Rs 145.98 crore in the year ended March 2019 as against Rs 70.41 crore during the previous year ended March 2018. Sales rose 10.05% to Rs 5930.59 crore in the year ended March 2019 as against Rs 5388.88 crore during the previous year ended March 2018.

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Prism Johnson announced that its Board of Directors in its meeting held on 10 May 2019, on recommendation of the Nomination & Remuneration Committee have decided to reappoint Shobhan Thakore and Ameeta Parpia as Non-executive Independent Director of the Company for a further period of five years with effect from 31 July 2019. Further, Atul Desai is appointed as an Executive Director & CEO (RMC) for a period of 3 years with effect from 29 August 2019.

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Prism Johnson will hold a meeting of the Board of Directors of the Company on 10 May 2019.

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The announcement was made during market hours today, 19 March 2019.

Meanwhile, the S&P BSE Sensex was up 228.03 points, or 0.6% to 38,323.10

On the BSE, 48,000 shares were traded in the counter so far compared with average daily volumes of 86,000 shares in the past two weeks. The stock had hit a high of Rs 92.70 and a low of Rs 89.20 so far during the day.

Prism Johnson said that the company has acquired 3,700 equity shares of Rs 10 each aggregating to Rs 37,000 constituting 27% in the total paid-up equity share capital of CSE Solar Parks Satna. CSE Solar was incorporated on 19 July 2017 and is engaged in the business of providing solar power solutions comprising of consulting, design, engineering, fabrication, installation, commissioning and monitoring of distributed rooftop solar power plants primarily for captive consumption of commercial and industrial customers in India

Prism Johnson reported 28.08% rise in net profit to Rs 19.02 crore on 9.43% rise in total income to Rs 1442.17 crore in Q3 December 2018 over Q3 December 2017.

Prism Johnson (earlier known as Prism Cement) is one of India's leading integrated building materials company, with a wide range of products from cement, ready-mixed concrete, tiles, bath products to kitchens.

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