Prism Cement posts Q4 net down 7.2 pc at Rs 70 cr

Prism Cement today reported a decline of 7.22 per cent in its standalone net profit to Rs 70.15 crore for the fourth quarter ended March 31.
The company had reported a net profit of Rs 75.61 crore in the January-March period a year-ago, it said in a regulatory filing.
Its total standalone income during the period under review was down 0.95 per cent to Rs 1,575.53 crore as against Rs 1,590.80 crore in the corresponding quarter.
The company's total expense was down 0.84 per cent to Rs 1,501.77 crore as against Rs 1,514.60 crore.
For the entire 2016-17 fiscal, Prism Cement's net profit stood at Rs 17.51 crore, up over two-folds from Rs 8.11 crore in the previous fiscal.

Its total income for the fiscal stood at Rs 5,555.24 crore, down 4.73 per cent, compared to Rs 5,831.13 crore in the previous year.
Shares of Prism Cement closed 5.13 per cent higher at Rs 122 apiece on BSE today.