Usha Martin Ltd

The Board of Usha Martin at its meeting held on 12 May 2025 has approved the appointment of Chirantan Chatterjee [DIN: 10506056] as Whole-Time Director of the Company for a term of 5 (five) years effective from 12 May 2025 subject to requisite approvals under applicable laws. Powered by Capital Market - Live

Usha Martin announced that the Board of Directors of the Company at its meeting held on 12 May 2025, has recommended a Final Dividend of Rs.3 per share (i.e.300%), subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Usha Martin declined 4.96% to Rs 100.99 crore in the quarter ended March 2025 as against Rs 106.26 crore during the previous quarter ended March 2024. Sales rose 8.09% to Rs 896.08 crore in the quarter ended March 2025 as against Rs 829.03 crore during the previous quarter ended March 2024. For the full year,net profit declined 3.91% to Rs 407.39 crore in the year ended March 2025 as against Rs 423.96 crore during the previous year ended March 2024. Sales rose 7.72% to Rs 3474.16 crore in the year ended March 2025 as against Rs 3225.20 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales896.08829.03 8 3474.163225.20 8 OPM %15.5818.28 -17.1918.56 - PBDT160.88158.88 1 624.71626.51 0 PBT133.12136.35 -2 526.85549.51 -4 NP100.99106.26 -5 407.39423.96 -4 Powered by Capital Market - Live

Usha Martin will hold a meeting of the Board of Directors of the Company on 12 May 2025.Powered by Capital Market - Live

Total expenses during the quarter rose by 13.1% YoY to Rs 752.10 crore. This was primarily due to higher raw material costs (up 11.3% YoY), higher employee expenses (up 4.4% YoY), and higher other expenses (up 22.5% YoY). Profit before tax in Q3 FY25 stood at Rs 117.62 crore, down by 15.7% from Rs 139.59 crore in Q3 FY24. Usha Martin is a 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. The scrip rose 2.68% to end at Rs 339.15 on the BSE today. Powered by Capital Market - Live

Net profit of Usha Martin declined 13.89% to Rs 92.57 crore in the quarter ended December 2024 as against Rs 107.50 crore during the previous quarter ended December 2023. Sales rose 7.96% to Rs 860.54 crore in the quarter ended December 2024 as against Rs 797.09 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales860.54797.09 8 OPM %16.5819.70 - PBDT143.19158.44 -10 PBT117.62139.59 -16 NP92.57107.50 -14 Powered by Capital Market - Live

Usha Martin will hold a meeting of the Board of Directors of the Company on 29 January 2025.Powered by Capital Market - Live

Usha Martin announced that its wholly owned subsidiary in America, Usha Martin Americas Inc. (UMAI) has completed the acquisition of 2.02% stake in Usha Siam Steel Industries Public Company (USSIL), a subsidiary of the Company from Kobelco Wire Company. Consequent to the aforesaid acquisition, USSIL has become a step down wholly owned subsidiary of the Company.Powered by Capital Market - Live

Revenue from operations added 7.84% to Rs 891.17 crore in Q2 FY25 as against Rs 826.37 crore posted in Q1 FY25. On year on year basis, the company in Q2 FY25 recorded marginally decline in net profit as compared to Rs 109.3 crore in Q2 FY24. Revenue rose 13.6% YoY in Q2 FY25 from Rs 784.7 crore posted in Q2 FY24. Profit before tax was at Rs 141.4 crore in the second quarter of FY25, down 2.1% as against Rs 144.5 crore posted in Q2 FY24. EBITDA grew by 11.4% to Rs 160.8 crore in Q2 FY25 from Rs 144.3 crore in Q2 FY24. EBITDA margin for Q2 FY25 was 18% as against 18.4% in Q2 FY24. The company posted strong growth in the core wire rope segment (up by 19.2% YoY) and the wire & strand segment (up by 16.2% YoY) contributed positively to the revenue while revenue from LRPC segment declined (down by 6.7% YoY). On half year basis, the company's net profit rose 1.14% to Rs 213.2 crore on 7.4% jumped in revenue from operations to Rs 1,717.5 crore in H1 FY25 over H1 FY24. Rajeev Jhawar, MD said, 'I am pleased to share that we have delivered a resilient financial performance and strong operational execution in Q2 FY25. Usha Martin registered a 11.0% YoY growth in volumes and a 13.6% growth in topline, driven by a sharp recovery in domestic markets. Our focus on volume and value growth continues, and we remain confident in sustaining this momentum through the rest of the year, supported by a seasonally stronger second half. Additionally, we aim to maintain healthy EBITDA margins and bottom-line performance as we register growth in volumes and revenue. During the period, our core wire ropes division performed strongly, despite a traditionally softer quarter due to monsoon. The division recorded an impressive 18.5% growth in volumes and a 19.2% increase in revenue. With the expanded capacities, our teams across domestic and international markets are well-positioned to drive sales of high-quality wire ropes for critical applications. This should enable us to capture greater market share globally while consistently meeting clients' rigorous standards and remaining focused on delivering dependable solutions across essential sectors. As we move forward, our future capex initiatives are set to position us strongly to meet the needs of an evolving market and sustain our growth. The Company remains committed to advancing its strategic priorities, including enhancing value-added offerings, diversifying the product portfolio, modernizing plant operations and expanding global distribution and marketing efforts. With a robust portfolio and the inherent strengths of Usha Martin, we are confident in our ability to drive long-term growth and capitalize on emerging opportunities in the coming years.' Usha Martin is a 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. Powered by Capital Market - Live

Net profit of Usha Martin rose 0.23% to Rs 109.72 crore in the quarter ended September 2024 as against Rs 109.47 crore during the previous quarter ended September 2023. Sales rose 13.57% to Rs 891.17 crore in the quarter ended September 2024 as against Rs 784.70 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales891.17784.70 14 OPM %18.0418.39 - PBDT164.20162.46 1 PBT141.41144.47 -2 NP109.72109.47 0 Powered by Capital Market - Live