Usha Martin Limited — Investor Meet, 19-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Usha Martin reported Q1 FY26 consolidated revenue of Rs. 887 crore (+7.4% YoY), with Wire segment growing 32.3% and Wire Rope 7.9%. Operating EBITDA stood at Rs. 145 crore (16.3% margin), and Net Profit at Rs. 101 crore.

The company achieved a consolidated net cash position of Rs. 14 crore. "One Usha Martin" transformation initiatives are showing early gains, with full benefits expected in H2 FY26. New Ranchi CAPEX is 70% commissioned, bolstering product mix. Direct shipments to European customers are increasing, and the US market remains strong with a sizable tender win despite tariffs. The Oceanfibre synthetic sling solution is gaining significant traction. Management anticipates EBITDA margins of 18% for FY26, aiming for 19-20% in FY27, driven by cost discipline and improved product mix. The overall sentiment is confident for future growth.