BSECompany Update4d ago · 27 Jul 2026, 07:06 pm
Press Release issued by the Company in respect to the Unaudited Financial Results for the quarter ended 30th June 2026.
Usha Martin Ltd · 517146
✦ AI Summary▲ PositiveResults
Usha Martin Ltd has announced its Q1 FY27 results, with revenue growing 16.4% YoY to Rs. 1,033.0 crore, operating EBITDA improving 43.8% YoY to Rs. 208.0 crore, and PAT growing 40.9% YoY to Rs. 142.0 crore.
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Usha Martin Ltd - 517146 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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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.: Press Release
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
please find enclosed a Press Release issued by the Company in respect of the Unaudited Financial
Results of the Company for the Quarter ended 30th June 2026.
The press release 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
USHA
MARTIN
Regd. Office - 2A, Shakespeare Sarani, Kolkata – 700 071, India
USHA MARTIN LTD. ANNOUNCES
Q1 FY27 RESULTS
Q1 FY27:
Revenue grows 16.4% YoY to Rs. 1,033.0 crore
Operating EBITDA improves 43.8% YoY to Rs. 208.0 crore
PAT grows 40.9% YoY to Rs. 142.0 crore
Kolkata, July 27, 2026: Usha Martin Limited (NSE: USHAMART, BSE: 517146, Luxembourg SE:
US9173002042), a leading specialty wire rope solutions provider globally, has announced its
financial results for the quarter ended 30th June 2026.
Consolidated Financial Performance:
Particulars (Rs. Crore) Q1 FY27 Q1 FY26 YoY
Revenue from Operations 1,033.0 887.2 16.4%
Operating EBITDA1 208.0 144.6 43.8%
Operating EBITDA Margin (%) 1 20.1% 16.3% 3.8 pps
PBT 184.1 129.6 42.0%
PBT Margin (%) 17.8% 14.6% 3.2 pps
Profit after Tax 142.0 100.8 40.9%
Note 1: Operating EBITDA and EBITDA margins calculated without other income
Consolidated Performance Overview – Q1 FY27 vs. Q1 FY26:
• Revenue from operations increased by 16.4% to Rs. 1,033.0 crore in Q1 FY27
• Q1 FY27 Operating EBITDA stood at Rs. 208.0 crore as against Rs. 144.6 crore, higher by
43.8%
o Operating EBITDA margin stood at 20.1% in Q1 FY27 compared to 16.3% in Q1 FY26
• In Q1 FY27, PBT amounted to Rs. 184.1 crore, a 42.0% increase from Rs. 129.6 crore
• PAT increased by 40.9% at Rs. 142.0 crore in Q1 FY27
• Basic EPS stood at Rs. 4.66 for the quarter
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USHA
MARTIN
Commenting on the performance Mr. Rajeev Jhawar, Managing Director said, “We are
pleased to commence FY27 on a strong note with revenue crossing the Rs 1,000 crore
milestone. Consolidated revenue grew 16% year-on-year to Rs. 1,033 crore, and operating
EBITDA rose 44% to Rs. 208 crore, with margins expanding to 20.1%. This performance
was achieved despite higher input and freight costs, supported by an improved product
and geographic mix, disciplined cost management and timely pricing actions.
The quarter had several encouraging highlights. The rope business recorded healthy
growth in India, the US and Europe, particularly across higher-value applications, which
help offset the reduction in volumes in the Middle East caused by the ongoing geopolitical
conflict. Our wires business delivered strong volume growth of around 19%, with revenue
increasing by approximately 32%.
Importantly, earnings translated into strong cash generation. We generated ₹242 crore of
operating cash flow and ended the quarter with net cash of approximately ₹465 crore,
providing us with the financial strength to continue investing in future growth. During the
quarter, we incurred capital expenditure of approximately ₹73 crore. Our ongoing
investments are focused on expanding capacity in specialised wire ropes and improving
manufacturing efficiency. Further, in recognition of Company's strong financial
performance and improved credit profile, its Long-Term Credit Rating was upgraded to
IND AA-/Stable.
Our aim going forward is to focus on value-led volume growth, scale newer verticals like
plasticated LRPC and OceanFibre, and further strengthen the integration and
collaboration of our global operations under ‘One Usha Martin’. Overall, demand in our key
markets remains healthy, and we are confident of delivering consistent, profitable
growth.”
About Us:
Established in the year 1960, Usha Martin is a leading global and India’s No. 1 specialty steel
wire rope solutions provider. The Company is also engaged in the manufacturing of high-
quality wires, low relaxation prestressed concrete steel strand (LRPC), bespoke end-
fitments, accessories and related services.
Usha Martin’s wire rope manufacturing facilities in Ranchi, Hoshiarpur, Dubai, Bangkok and
UK produce the widest range of wire ropes that find application in various industries across
the world. All of the company’s facilities are equipped with the latest state-of-the-art high-
capacity machines to manufacture world-class products.
Usha Martin’s global R&D center located in Italy is actively engaged in designing of wire ropes
and uses proprietary design software to develop products that are the best in class. The
Company also has an extensive and dedicated network of distribution centers located across
the globe.
Corporate Identification No: L31400WB1986PLC091621
Regd. Office: 2A, Shakespeare Sarani, Kolkata – 700 071, India
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USHA
MARTIN
For more information, please visit www.ushamartin.com OR contact:
Mr. Abhijit Paul Anoop Poojari / Devrishi Singh
(Chief Financial Officer) CDR India
Usha Martin Limited Tel: +91 98330 90434 / +91 98205 30918
Tel: +033 – 71006 403 Email: anoop@cdr-india.com
Email: investor@ushamartin.co.in devrishi@cdr-india.com
DISCLAIMER:
Certain statements made in the press release may be forward-looking statements. Such forward-looking
statements are subject to certain risks and uncertainties like significant changes in economic environment in
India and overseas, tax laws, import duties, litigation, labour relations etc. Actual results might differ
substantially from those expressed or implied. Usha Martin Limited will not be in any way responsible for any
action taken based on such statements and discussions; and undertakes no obligation to publicly update these
forward-looking statements to reflect subsequent events or circumstances.
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