Please find enclosed the Earnings Presentation - Q1 FY27 on the unaudited financial results for the quarter ended 30th June 2026.

USHA MARTIN Date: 27th July 2026 The Secretary The Manager Societe de la Bourse de BSE Limited National Stock Exchange of India Ltd Luxembourg Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, 35A Bouleverd Joseph II Dalal Street Plot No.C/1, G Block, L-1840, Luxembourg Mumbai – 400 001 Bandra Kurla Complex, Bandra [Scrip Code: US9173002042] [Scrip Code: 517146] Mumbai – 400 051 [Symbol: USHAMART] Dear Sir/Madam, Sub.: Earnings Presentation – Q1 FY27 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed an Earnings Presentation – Q1 FY27 on the Unaudited Financial Results of the Company for the Quarter ended 30th June 2026. The presentation is also being made available on the website of the Company i.e. www.ushamartin.com Kindly take the same on record. Thanking you, Yours faithfully, For Usha Martin Limited Manish Agarwal Company Secretary & Compliance Officer Enclosed: As above USHA MARTIN LIMITED CIN: L31400WB1986PLC091621 frr> Regd. Office: 2A Shakespeare 0 (00 9133) 71006300 B contact@ushamartin.co.in 'v Sarani, Kolkata -700071, India .C:::::,. (00 91 33) 71006492 www.ushamartin.com Q1 FY27 RESULTS Earnings Presentation Earnings Presentation Ju 2026 July 2026 USHA MARTIN Disclaimer Disclaimer This presentation and the accompanying slides {the "Presentation"), which have been prepared by Usha Martin Ltd. {the This presentation and the accompanying slides (the “Presentation”), which have been prepared by Usha Martin Ltd . (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document commitment whatsoever . No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. containing detailed information about the Company . This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all accuracy, completeness, fairness and reasonableness of the contents of this Presentation . This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or inclusive and may not contain all of the information that you may consider material . Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. any omission from, this Presentation is expressly excluded . Certain matters discussed in this presentation may contain forward looking statements concerning the Company's future business Certain matters discussed in this presentation may contain forward looking statements concerning the Company’s future business prospects and business profitability. Such forward-looking statements are not guarantees of future performance and are subject prospects and business profitability . Such forward -looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that are difficult to predict. These risks and uncertainties include, but are not limited to, the to a number of risks and uncertainties that are difficult to predict . These risks and uncertainties include, but are not limited to, the Company's ability to manage growth, the fluctuations in earnings, competition {both domestic and international), economic growth Company’s ability to manage growth, the fluctuations in earnings, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, the Company's in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, the Company’s ability to manage its international operations, Government policies and actions regulations, interest and other fiscal costs generally ability to manage its international operations, Government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking prevailing in the economy . The Company does not undertake to make any announcement in case any of these forward -looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on statements become materially incorrect in future or update any forward -looking statements made from time to time by or on behalf of the Company. behalf of the Company . U MS AH RA TI N Q011 FFYY2277 E aEranrinngins gPsre Psernetsaetinotnation | 22 Key performance highlights - Consolidated Q1 FY27 Key performance highlights – Consolidated Q1 FY27 Operating EBITDA Operating EBITDA margin Revenue Operating EBITDA Operating EBITDA margin PAT Rs 208 er 20.1% Rs 1,033 cr Rs 208 cr 20.1% Rs 142 cr 01 FY26 Rs 145 er 01 FY2616.3% Q1 FY26 Rs 887 cr +16.4% Q1 FY26 Rs 145 cr +43.8% Q1 FY26 16.3% +380bps Q1 FY26 Rs 101 cr +40.9% Operating eashflow ROCE Operating cashflow Net cash Rs 242 er 21.4% Rs 242 cr Capex Rs 465 cr Rs 73 cr 01 FY26 Rs 137 er Q1 FY26 18.2% +320bps Q1 FY26 Rs 137 cr +77.0% March’26 Rs 332 cr U MS AH RA TI N NNoottee 1 1: :A Ass o no n3 030tthh JJuunnee 2 2020626 Q011 FFYY2277 E aEranrinngins gPsre Psernetsaetinotnation | 33 NNoottee 2 2: :A All lfli gfiugruesr emse mnteionnteiod nine tdh ein s ltihdee a srleid foer a croen tfionru icnogn otpineuraitniogn osperations In Rs. crore In Rs. crore Key financial highlights - Consolidated Q1 FY27 Key financial highlights – Consolidated Q1 FY27 NN EE TT R R EVE EV NE UN EU FE R OF MR O OPM E RO AP TIE OR NA S TIONS ■ OO PP EE RR ATA INTI GN EG B IE TDB AITDA • MM AA RR GG ININ SS 16.3% 21.6% 20.1% 16.3% 21.6% 20.1% 1,033 997799 888877 22 11 22 22 00 88 114455 QQ11 FFYY2266 QQ44 F FY2Y626 QQ 11 FF YY 22 77 QQ11 FFYY2266 QQ44 F FY2Y626 QQ 11 FF YY 22 77 '''" Shift (%) QQooQQ: :55.5.%5 %  YYooYY:: 1 166.4.%4%  Shift (%) QQooQQ: :11.7.7%%  YYooYY: :4433.8.%8 %  ~ ■ PP AA TT • MM AA RR GG ININ SS ~- -, I ▪ RR ee vv ee nn uu ee ff rr oo mm oo pp ee rr aa tit oio nn ss ii nn cc rr ee aa ss eded bb yy 1 166 .. 44 %% YY -- oo- -Y Y tt oo RR ss. . ' I 1 111 .. 44 %% 1 155 .. 88 %% 1 133 .. 88 %% 1 1,, 00 33 33 cc rr oo rr ee ii nn Q01 FF YY 22 77 ▪ OO pp ee rara tit ni gng EE BB ITIT DD AA mm aa rr gg inin ii mm pp rr oo vv ee dd tt oo 22 00. .11 %% ii nn Q01 1 FF YY 22 77 ff rr oo mm 115555 114422 1 166 .. 33 %% ii nn Q01 1 FF YY 22 66 101 ▪ MM aa rr gg inin ee xx pp aa nn ss ioi non ww aa ss ss uu pp pp oo rtr et ded bb yy aa nn ii mm pp rr oo vv ee dd product mix, higher realizations, effective cost product mix, higher realizations, effective cost ,,,,, mm aa nn aa gg emem ene tnt aa nn dd tt hh ee pp aa ss ss -- tt hh rr oo uu gg hh oo ff hh ii gg hh ee rr ii nn pp uu tt aa nn dd freight costs freight costs QQ 11 FF YY [Showing first 8,000 characters — download PDF for full document]