Prism Johnson to Focus on Boosting Plan Utilisation

Formerly known as Prism Cement, Prism Johnson is India’s leading integrated building material companies that deals with a wide range of products, including cement, tiles, ready-mix concrete, bath products, etc. The company is divided into three segments, viz., H & R Johnson (India), Cement, and RMC (India). The company has a 51% stake in Raheja QBE, which is a general insurance company. Raheja QBE is a joint venture with QBE Group of Australia.

From the financial year 2016 to 2018, Prism Johnson’s revenues grew at a Compound Annual Growth Rate of 1.3%. Owing to the development in margins and capacity utilisation, the company’s profits have taken a jump from Rs. 81 Million in the Financial Year 2016 to Rs. 705 Million in the Financial Year 2018. With a continued focus on improving the working capital, the company will work on improving the output pertaining to higher volumes of cement, tiles and RMC, thus providing a strong backing to Raheja QBE.