Coal news and updates

Prism Cement’s Q1 net profit at Rs 13.25 crore

July 30: Prism Cement Limited reported a net profit of Rs 13.25 crore for the April-June quarter of 2014-15 against a net loss of Rs 47.87 crore, a company statement said on July 29.

In the previous quarter, (fourth quarter of 2013-14), the company reported a net profit of Rs 11.00 crore.

During the first quarter of 2014-15, the company’s total income from operations increased nearly 22% to Rs 1,388.76 crore compared to Rs 1,133.97 crore in the same period of the last financial year.

In total revenues, the share from cement increased nearly 24% to Rs 600 crore in the current quarter against Rs 483 crore recorded in the first quarter of 2013-14. “The margins of the cement division improved compared to the corresponding quarter of last year on account of cost-saving measures…and revival of demand,” said the statement.

According to the company statement, during the quarter, the company produced, 1.29 million tons (mt) of clinker and 1.36 mt of cement. During the same period, the company despatched 0.19 mt of clinker and 1.35 mt of cement, aggregating to 1.54 mt.  The company despatched 1.34 mt of cement and clinker.

Following are the Q1 results of Prism Cement Limited in 2013-14 and 2012-13 (in Rs crore):