Usha Martin Limited — Investor Meet, 20-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Usha Martin's Q1 FY26 saw revenue grow 7.4% YoY to Rs. 887 Cr, driven by strong 32.3% wire segment growth. Wire ropes also grew 7.9%. Operating EBITDA was Rs. 145 Cr (16.3% margin). The company achieved a net cash position of Rs. 14 Cr and repaid loans, strengthening its balance sheet. New Ranchi CAPEX is 70% complete. Management is cautiously optimistic on US market despite 50% tariffs, passing on costs and winning tenders. European growth is positive. Focus is on high-value products like Oceanfibre synthetic slings, expecting full benefits of cost optimization from Q3. Confident of 18% EBITDA margin for FY26 and 19-20% for FY27.