India's Prism Johnson posts a net profit of Rs 1.78 crore in Q3 FY 24
Thu, Feb 1, 2024 5:54 PM

India's Prism Johnson posts a net profit of Rs 1.78 crore in Q3 FY 24

A Flip by Avya Verma
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India's Prism Johnson, a building materials maker, reported a profit for the third quarter due to government spending on construction projects ahead of elections. Net profit was 17.8 million rupees, a turnaround from last year's loss. Revenue rose 3% and cement sales grew 6.8%. This trend was observed in other cement companies as well, leading to Prism Johnson's stock climbing 1.5%.

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