Usha Martin Limited — Investor Meet, 03-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Usha Martin reported a strong Q1 FY27, with consolidated revenue up 16% YoY to ₹1,033 Cr, EBITDA up 44% to ₹208 Cr (20.1% margin), and PAT up 41% to ₹142 Cr. This growth is driven by a strategic shift towards high-value specialized products and improved realizations. While Middle East volumes declined due to geopolitical issues, domestic, US, and European markets saw healthy growth. The company is gaining traction in plasticated LRPC with its first international order, and Oceanfibre is building momentum with high gross margins. Management expects 10-12% volume growth and 15% value growth for FY27, backed by ₹250-300 Cr in capex for capacity expansion, including elevator ropes. The company expressed confidence in delivering consistent, profitable growth.