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Usha Martin Limited has resubmitted the unaudited financial results for the quarter and nine months ended December 31, 2024, in machine-readable format due to initial submission issues. The company recorded a total income of ₹2,59,382 crore for the quarter, slightly up from ₹2,42,696 crore YoY. The total expenses increased to ₹2,21,370 crore, leading to a profit before tax of ₹39,373 crore. Net profit after tax for the quarter stands at ₹30,541 crore, translating to an earnings per share of ₹10.05.
The company also mentioned the ongoing legal proceedings involving alleged violations under the Prevention of Money Laundering Act, which have not impacted operations. Significant developments include the acquisition of a 2.02% stake in Usha Siam Steel Industries, transforming it into a wholly-owned subsidiary.
The outlook remains cautiously optimistic, reflecting resilience amid legal challenges. Investors should keep an eye on the upcoming hearings and their potential impact on business stability.