Prism Johnson sees Q2 FY26 revenue jump on strong cement performance

Prism Johnson Limited's Q2 FY26 consolidated revenue grew by 12.6% year-on-year to ₹1,731 crores, primarily due to a 22.3% year-on-year increase in Prism Cement's revenue. Consolidated EBITDA expanded by 224.9% year-on-year to ₹186 crores, with the EBITDA margin improving to 10.8%. Prism Cement's EBITDA per tonne surged from ₹58 in Q2 FY25 to ₹701, benefiting from better realizations and a 10.8% decline in total operating costs.

The company's net debt to TTM EBITDA stood at 1.8x, and net debt to equity was 0.6x as of September 30, 2025. Annualized return on capital employed (ROCE) increased from (7.4%) in Q2 FY25 to 9.6%. HRJ's consolidated revenue saw a 2.1% year-on-year increase, with domestic tiles sales volume growing by 2.8% year-on-year. Prism RMC revenue also rose by 12.3% year-on-year to ₹382 crores, despite a 10.5% decline in sales volume due to mega project completions.

Raheja QBE General Insurance (RQBE) reported a gross written premium growth of 15% year-on-year to ₹154 crores and moved from a loss of ₹(13) crores in Q2 FY25 to a profit of ₹(1) crore in Q2 FY26. The company’s solvency ratio for RQBE stood at 2.19x, above the regulatory minimum.