Conference Call with Usha Martin Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Iron & Steel Products company Usha Martin announced Q1FY26 results Revenue from operations increased by 7.4% to Rs 887.2 crore in Q1FY26. Q1FY26 Operating EBITDA stood at Rs 144.6 crore as against Rs 154.0 crore, lower by 6.1% In Q1FY26, PBT amounted to Rs 129.6 crore, a 3.8% YoY decrease from Rs 134.7 crore. PAT amounted to Rs 100.8 crore in Q1FY26 as against Rs 103.8 crore in Q1FY25. Basic EPS stood at Rs 3.31 for the quarter. Rajeev Jhawar, Managing Director, said: “We have commenced FY26 on a stable note, reporting a volume increase of 10.4% year-on-year, led by growth in our wire and wire rope segments and supported by sustained demand across key markets. Our margin profile remained resilient, aided by early gains from the ongoing ‘One Usha Martin’ transformation. As we near the completion of the foundational phase of our ‘One Usha Martin’ journey, which was initiated in FY25 and is expected to conclude in the first half of this fiscal, we remain confident of delivering stronger outcomes from the second half of FY26 onwards. These initiatives are focused on building an agile, integrated, and future-ready organisation that will strengthen our ability to scale while optimising our costs. The benefits of this transformation are also beginning to reflect in our financial metrics. We continue to make encouraging progress in strengthening our balance sheet, optimising working capital, and delivering robust cash flows. These efforts have resulted in a net debt-free position at both the standalone and consolidated levels. With the Ranchi capacity expansion progressing as per schedule, and with continued momentum across other strategic initiatives, we are well positioned to capitalise on emerging growth opportunities. These developments, coupled with a robust order pipeline across international and domestic markets, reinforce our belief that Usha Martin is poised for a meaningful step-up in its growth trajectory in the periods ahead.” Result PDF
Conference Call with Usha Martin Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Iron & Steel Products company Usha Martin announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from operations increased by 8.1% to Rs. 896.1 crore in Q4FY25 Q4FY25 Operating EBITDA stood at Rs. 139.6 crore as against Rs. 151.5 crore, lower by 7.9% Operating EBITDA margin stood at 15.6% in Q4FY25 compared to 18.3% in Q4FY24 In Q4FY25, PBT amounted to Rs. 133.1 crore, a 2.4% YoY decrease from Rs. 136.4 crore PAT amounted to Rs. 100.9 crore in Q4FY25 as against Rs. 106.3 crore in Q4FY24 Basic EPS stood at Rs. 3.32 for the quarter FY25 Financial Highlights: Revenue from operations were up by 7.7% YoY to Rs. 3,474.2 crore Operating EBITDA stood at Rs. 597.1 crore as against Rs. 598.6 crore Operating EBITDA margin for the period was 17.2% vs. 18.6% YoY PAT stood at Rs. 406.3 crore as against Rs. 424.1 crore, down by 4.2% on a YoY basis Basic EPS stood at Rs. 13.37 Commenting on the performance Rajeev Jhawar, Managing Director said, “FY25 ended on a steady note, with revenue at Rs. 3,474 crore, registering an 7.7% year-on-year growth, led by a 9.5% increase in sales volumes. We remain focused on operational efficiency and value-migration, which should support margin improvement and enable us to accelerate growth in the coming quarters. We are pleased with the progress of our ‘One Usha Martin’ initiative, which is now deeply embedded in our culture and way of working across the organisation. We are implementing best practices in procurement, logistics, administration and backend operations to drive cost efficiencies globally. These initiatives have also enabled tighter working capital discipline. The combination of improved cash flows and a leaner balance sheet highlights the progress we have achieved thus far. With this foundation in place, we are confident of building further momentum, with the impact of ‘One Usha Martin’ to intensify from the second half of FY26. Looking ahead, we remain focused on high-value opportunities in the domestic market and on executing our strategic capex programs with discipline. While the external environment presents some near-term uncertainty, we believe that the initiatives undertaken across the organisation have strengthened our business model. This positions us well to drive value-led growth and deliver sustainable performance over the long term.” Result PDF