Usha Martin Limited — Updates, 12-08-2025: Press Release

Usha Martin reported Q1 FY26 revenue growth of 7.4% year-on-year to Rs. 887.2 crore, driven by strong wire and wire rope volumes (+10.4%). While Operating EBITDA declined 6.1% to Rs. 144.6 crore and PAT slightly dipped to Rs. 100.8 crore, the company's "One Usha Martin" transformation is showing early benefits. Key achievements include improving working capital, funding Rs. 53 crore capex from internal accruals, and achieving a net debt-free status. With Ranchi expansion and a robust order pipeline, the company anticipates stronger performance from H2 FY26.