Usha Martin announced its Q2 FY26 results, reporting revenue of ₹907.6 crore and a 7.6% increase in operating EBITDA to ₹173.0 crore. Profit after tax from continuing operations grew by 16.7% to ₹127.6 crore. The company also reduced debt by ₹157 crore during the quarter and had a positive net cash position of ₹111 crore.
Q2 FY26 Financial Highlights
Usha Martin has announced its financial results for Q2 FY26, showcasing positive growth across key metrics. The company’s performance reflects a strong focus on operational efficiency and strategic initiatives.
Revenue and Profitability
Key financial figures for Q2 FY26 include:
- Revenue from Operations: ₹907.6 crore (up 1.8% year-over-year)
- Operating EBITDA: ₹173.0 crore (up 7.6% year-over-year)
- Operating EBITDA Margin: 19.1%
- Profit Before Tax (PBT): ₹167.8 crore (up 18.7% year-over-year)
- Profit After Tax (from continuing operations): ₹127.6 crore (up 16.7% year-over-year)
H1 FY26 Performance
The company also reported its performance for the first half of FY26:
- Revenue from Operations: ₹1,794.7 crore (up 4.5% year-over-year)
- Operating EBITDA: ₹317.6 crore (up 0.9% year-over-year)
- PBT: ₹297.4 crore (up 7.7% year-over-year)
Strategic Developments
During Q2 FY26, Usha Martin successfully reduced its debt by ₹157 crore through internal accruals. The company’s net cash position stood at ₹111 crore, and the ROCE from continuing operations was 20.3%.
Management Commentary
Mr. Rajeev Jhawar, Managing Director, commented on the results, stating that the company achieved its highest EBITDA since the sale of its steel business, with an EBITDA margin of 19.1%, despite a challenging global environment. He also highlighted the benefits of the ‘One Usha Martin’ program in driving cost controls and improving execution.
Source: BSE
