Prism Cement quarterly net profit falls
India-based Prism Cement’s net profit fell to INR701.5m (US$10.9m) versus INR756.1m a year earlier. Consensus forecast for March quarter profit was INR23.01m, according to Reuters.
Total income for the three months to the end of March 2017 was INR15.76bn versus INR15.91bn a year ago.
Prism cement manufactures PPC under the brand name 'Champion' and premium quality grade of cement under ‘H-Tech’ and ‘Duratech’ brand. It caters mainly to the markets of eastern Uttar Pradesh, Madhya Pradesh and Bihar.
