Prism Johnson FY26 Annual Report: Revenue ₹7,404 Cr, EBITDA Up 52%; 34th AGM on Aug 7
Prism Johnson Limited released its FY26 Annual Report alongside the 34th AGM Notice, reporting consolidated revenue of ₹7,404 Crores (up 8.4% YoY), EBITDA of ₹693 Crores (up 52.1%), and ROCE of 9.4%. All three business segments — Prism Cement, H & R Johnson, and Prism RMC — delivered improved profitability. The Company also announced the divestment of its 51% stake in RQBE to QBE Group for ₹324 Crores, sharpening focus on core building materials. The AGM is scheduled for August 7, 2026 via VC/OAVM, with July 31, 2026 as the cut-off date for e-voting.

*this image is generated using AI for illustrative purposes only.
Prism Johnson Limited has released its Annual Report for the financial year 2025-26 along with the Notice of its 34th Annual General Meeting (AGM), scheduled for Friday, August 7, 2026, at 4:30 p.m. IST via Video Conference (VC) or Other Audio Visual Means (OAVM). The AGM notice was published in Business Standard (all India editions) and Nava Telangana (Telangana editions) on July 17, 2026. Shareholders holding shares as of the cut-off date of July 31, 2026 are entitled to vote. The Annual Report and AGM Notice are available on the Company's website at www.prismjohnson.in and on the website of its Registrar & Transfer Agent, KFin Technologies Limited, at evoting.kfintech.com.
Key AGM and Meeting Details
| Parameter: | Details |
|---|---|
| AGM Date & Time: | August 7, 2026 at 4:30 p.m. IST |
| AGM Mode: | Video Conferencing (VC) / OAVM |
| Cut-off Date for Voting: | July 31, 2026 |
| Financial Year: | 2025-26 |
| Market Capitalisation (March 31, 2026): | ₹6,295 Crores |
| Paid-up Capital: | ₹503.36 Crores |
FY26 Consolidated Financial Performance (Excluding RQBE)
Prism Johnson delivered a strong financial performance in FY26, with consolidated revenue reaching ₹7,404 Crores, up 8.4% year-on-year from ₹6,830 Crores in FY25. EBITDA improved sharply by 52.1% to ₹693 Crores from ₹456 Crores in the previous year, while EBITDA margin expanded to 9.4% from 6.7%. Effective net debt reduced significantly by ₹492 Crores to ₹646 Crores as of March 31, 2026, from ₹1,138 Crores a year earlier, reflecting disciplined capital allocation and cash generation. Return on Capital Employed (ROCE) improved to 9.4% from 5.2% in FY25.
| Metric: | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue (₹ Crores): | 7,404 | 6,830 | +8.4% |
| EBITDA (₹ Crores): | 693 | 456 | +52.1% |
| EBITDA Margin (%): | 9.4% | 6.7% | +270 bps |
| ROCE (%): | 9.4% | 5.2% | +420 bps |
| Effective Net Debt (₹ Crores): | 646 | 1,138 | -₹492 Crores |
| Net Debt (₹ Crores): | 565 | 636 | Reduced |
| Capital Expenditure (₹ Crores): | 356 | 420 | Reduced |
On a standalone basis, revenue from operations increased by 8.6% to ₹7,307 Crores in FY26 from ₹6,726 Crores in FY25. Standalone EBITDA increased by 63.9% to ₹652 Crores from ₹398 Crores. Profit after tax on a standalone basis stood at ₹56 Crores in FY26 compared to ₹102 Crores in FY25.
Business Segment Performance
All three core business divisions delivered improved performance during FY26. The following table summarises segment-level highlights:
| Segment: | Revenue (₹ Crores) | YoY Change | EBITDA (₹ Crores) | EBITDA Margin |
|---|---|---|---|---|
| Prism Cement: | 3,405 | +12.7% | 402 | — |
| H & R Johnson (HRJ): | 2,447 | +2.3% | 178.70 | 7.3% |
| Prism RMC: | 1,551 | +9.6% | 113 | 7.3% |
Prism Cement reported cement and clinker volumes of 7.4 million tonnes, up 11.7% from 6.6 million tonnes in FY25. EBITDA per tonne improved from ₹351 to ₹543. The share of premium products — Champion Plus, Champion Duratech, and Champion All Weather — increased to 54% of total cement sales volume from 42% in the previous year. ROCE for the division improved to 16.7% from 1.2% in FY25.
H & R Johnson (HRJ) delivered resilient growth despite operational disruptions in Morbi arising from the Middle East crisis. Tile sales volume grew 2.1% to 58.9 MSM. EBITDA increased 27.7% to ₹178.70 Crores from ₹139.90 Crores, aided by operating leverage and cost efficiencies. The share of GVT products in tiles sales volume increased to 27% from 25%. The Bathware business (Johnson Bath Division) reported revenue of ₹339 Crores, up 11% year-on-year. ROCE improved to 4.7% from 3.8%.
Prism RMC saw EBITDA grow 37.2% to ₹113 Crores from ₹82.40 Crores in FY25. The Commercial Concrete segment recorded a 7.3% year-on-year increase in sales volumes to 28.6 Lakh cubic metres. The share of value-added products in Commercial Concrete volumes increased to 29% from 19%. The Mega Projects order book stood at approximately 1.4 mn cubic metres at year-end. ROCE improved to (11.8%) from (56.1%) in FY25.
RQBE Divestment and Strategic Realignment
Prism Johnson has entered into an agreement to divest its entire 51% stake in Raheja QBE General Insurance Company Limited (RQBE) to its joint venture partner, QBE Group, for a total consideration of ₹324 Crores (subject to standard post-closing adjustments). The transaction is aligned with the Company's strategic objective of enhancing capital efficiency, accelerating deleveraging, and sharpening focus on its core building materials businesses — Prism Cement, H & R Johnson, and Prism RMC. Shareholder approval was obtained on April 17, 2026, and IRDAI approval was received on May 7, 2026. Upon completion, RQBE will cease to be a subsidiary of the Company.
During FY26, RQBE reported Gross Written Premium (GWP) of ₹612 Crores, up from ₹512 Crores in FY25. Assets Under Management (AUM) rose to ₹1,068 Crores as of March 31, 2026. The Solvency Ratio stood at 1.71x, above the IRDAI-prescribed minimum of 1.50x. The Company reported a Loss after Tax of ₹75 Crores in FY26 compared to ₹48 Crores in FY25.
Sustainability and ESG Highlights
Sustainability remains integral to Prism Johnson's long-term strategy. As of March 31, 2026, the Company's total installed green power capacity, including Waste Heat Recovery Systems (WHRS), stood at 59.5 MW. Approximately 32.7% of Prism Cement's power requirements were met through green energy sources. Scope 1 and Scope 2 emissions intensity stood at 598 kg CO₂ per tonne of cementitious material, improved from 623 kg CO₂ in FY25. The Company planted over 57,000 saplings during the year and maintained Zero Liquid Discharge (ZLD) across all cement plants, tile manufacturing facilities, and RMC plants under its operational control.
| ESG Metric: | FY26 |
|---|---|
| Green Power Capacity (MW): | 59.5 |
| Prism Cement Green Power Share: | 32.7% |
| GHG Emissions Intensity: | 598 kg CO₂/tonne of cementitious material |
| AFR Utilisation Rate (Prism Cement): | 4.1% |
| Saplings Planted: | 57,000+ |
| Total Workforce: | 9,865 employees and workers |
| LTIFR: | 0.29 |
| Fatalities: | 0 |
India Ratings and Research reaffirmed the Company's long-term issuer rating at 'IND A+/Positive' and short-term rating at 'IND A1+' during FY26, recognising improving operational performance and disciplined deleveraging.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE010A01011/4b014422004346b8.pdf
Historical Stock Returns for Prism Johnson
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.84% | +10.06% | -0.08% | -5.05% | -20.86% | -17.45% |
How does Prism Johnson plan to utilize the proceeds from the RQBE divestment to further accelerate deleveraging or fund growth in core segments?
What are the management's volume and margin growth targets for Prism Cement given the significant improvement in EBITDA per tonne and premium product mix?
Will the reduction in capital expenditure during FY26 impact the company's capacity expansion plans or operational efficiency improvements for FY27?


































