Prism Johnson Ltd Q1 FY27 Results

Prism Johnson swung to a consolidated net profit of Rs104.23 Cr (Rs112.70 Cr before minority interest, EPS Rs2.07) in Q1 FY27, against losses of Rs5.56 Cr in Q1 FY26 and Rs15.95 Cr in Q4 FY26 — a clear year-on-year turnaround, which is the primary story here since QoQ comparisons are distorted by Q4's seasonally stronger tile/HRJ volumes. Revenue from continuing operations was Rs1,835.23 Cr, down 4.5% YoY and 13.0% QoQ; the topline pullback makes the profit swing entirely a margin and one-off story rather than a growth one. Standalone told a similar story: PAT Rs93.97 Cr (EPS Rs1.87) against a Rs47.44 Cr loss in Q4 FY26, with no material divergence from the consolidated print.

The swing was driven by two things. First, a Rs32.97 Cr pre-tax exceptional gain (Rs25.8 Cr post-tax, on this quarter's ~22% effective tax rate) from the sale of a property at Nacharam, Hyderabad for Rs34 Cr, which sits in the RMC segment. Second, and more durable, underlying operating margin recovered sharply: consolidated operating margin (continuing operations) was 12.17% versus 9.78% a year ago and 8.36% last quarter, and net profit margin turned to +6.1% from -0.3% (YoY) and -0.8% (QoQ). Adjusting both periods for one-offs (this quarter's Rs32.97 Cr gain and the prior-year's minor Rs0.50 Cr fire-related exceptional loss), underlying consolidated PAT still moved from roughly a Rs5 Cr loss to roughly Rs87 Cr of profit — confirming the turnaround is substantially operational, not just gain-driven, though the reported number is meaningfully flattered by the property sale. By segment, Cement contributed the bulk of profit (PBT after exceptionals Rs67.03 Cr on revenue of Rs902.53 Cr), RMC Rs48.25 Cr (including the one-off gain), and HRJ (tiles/bath) Rs22.82 Cr.

The stock went into the print at ₹124.48, up 11.2% over the past month of trading.

For context: this is the second-highest quarterly PAT of the last 6 quarters.

We found no analyst previews or consensus estimates specifically for this quarter, so the print cannot be benchmarked against Street expectations (vsStreet: unknown); similarly, there is no prior management guidance or concall commentary on record to grade this result against — management has not issued formal outlook. No separate management press release was available beyond the exchange filing and disclosed segment/ratio notes, so this read relies on the filing's own disclosures. Separately, the general insurance subsidiary Raheja QBE was moved to discontinued operations this quarter ahead of its completed sale (post quarter-end, July 1, 2026) for Rs325.87 Cr, contributing Rs18.69 Cr PBT / Rs9.53 Cr PAT (post-NCI) this quarter that will not recur from Q2 FY27. The company also raised its stake in tile subsidiary Samini Ceramics to 98.5% for Rs15.3 Cr, a post quarter-end event with no P&L impact yet.