India's Prism Johnson slips on reporting loss in Q4

Prism Johnson

16/05/2024 09:59

** Shares of Prism Johnson  PRIS.NS  fall 4.8% to 145
rupees, lowest since Nov. 3
    ** The construction materials maker reported a consolidated
net loss of 305 mln rupees ($3.7 million) for Q4 vs a profit of
42.5 mln rupees an year ago
    ** Revenue fell in its core cement segment and was
additionally hurt by a one time expense of 55.1 mln rupees
    ** More than 440,000 shares change hands, 1.2x its 30-day
avg
    ** Five analysts covering the stock on avg have a "hold"
rating; median PT is 169 rupees - LSEG data
    ** Stock down 10% so far in May



($1 = 83.4842 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))