Usha Martin Limited — PPTs, 29-01-2026: Investor Presentation

Usha Martin posted solid Q3 FY26 results, with consolidated revenue hitting Rs 917 Cr, up 6.6% YoY. Operating EBITDA jumped 23.3% to Rs 176 Cr, boosting margins to 19.2%. Profit after Tax (PAT) rose 16.7% to Rs 108 Cr. For the nine months, revenue reached Rs 2,712 Cr and PAT was Rs 336 Cr. The Wire segment showed strong growth, up 20.2% YoY, with Wire Rope also up 6.6%. International business now contributes 57% of 9M revenue, reflecting global reach.

The company's strategy focuses on value-added products, disciplined execution, and cost control. Management highlights success in deepening customer engagement and developing customized solutions, improving demand visibility. This, combined with embedded cost controls from the "One Usha Martin" program, positions the company for sustainable growth.

Key financials remain healthy, with ROCE at 19.8% and a net cash position of Rs 198 Cr for 9M FY26, driven by strong operating cash flows of Rs 561 Cr. Working capital management also improved, reducing by Rs 44 Cr. Usha Martin maintains a robust financial standing, recently reaffirming its 'IND A+/Stable' long-term credit rating.