Prism Johnson FY26: EBITDA surge, debt reduction, and steadier operating footing

Revenue was INR 7,404 crore and EBITDA was INR 693 crore in FY26, as per the investor presentation (consolidated excluding RQBE).

FY26 revenue mix was Prism Cement 46 percent, HRJ 33 percent, and Prism RMC 21 percent (consolidated excluding RQBE).

The company attributed it to a scheduled maintenance shutdown shifted into Q3 to Q4 and a clinker inventory drawdown, making it a timing related one off impact.

Net debt was INR 565 crore and effective net debt including financial obligations was INR 646 crore at March 31, 2026.

The company has agreed to sell its 51 percent stake for expected proceeds of INR 324 crore (subject to adjustments). Shareholders and IRDAI approvals were received and completion was expected in the next few weeks, with proceeds intended for debt reduction and balance sheet strengthening.

HRJ reported FY26 revenue of INR 2,447 crore and EBITDA of INR 178.7 crore. Prism RMC reported FY26 revenue of INR 1,551 crore and EBITDA of INR 113 crore.