Usha Martin Limited has announced its unaudited consolidated financial results for the quarter and six months ended September 30, 2026. The Board of Directors approved the financial statements, which were prepared in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results encompass both standalone and consolidated figures, along with the accompanying limited review report from the statutory auditors. The board meeting concluded on November 13, 2026.
Usha Martin Announces Financial Results for Q2 2026
Usha Martin Limited has officially released its consolidated financial results for the quarter and the six-month period ending September 30, 2026. The company’s Board of Directors convened and considered these unaudited financial results, approving them for disclosure. This announcement is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Financial Highlights
The financial results presented include both standalone and consolidated figures. Alongside the financial statements, a Limited Review Report from the statutory auditors, MSKA & Associates LLP, has also been provided. These results reflect the company’s performance for the period, including revenue, expenses, and profit for continuing and discontinued operations.
Board Meeting Details
The board meeting, where these results were considered and approved, commenced at 12:00 Noon IST and concluded at 1:30 PM IST on November 13, 2026. The company has also made this intimation available on its official website, www.ushamartin.com.
Auditor’s Review Report
MSKA & Associates LLP, Chartered Accountants, have provided their independent auditor’s review report on the consolidated unaudited financial results. Their review was conducted in accordance with Standards on Review Engagements and covers the financial information for the quarter and year-to-date ended September 30, 2026. The report confirms that their review was substantially less in scope than an audit and does not express an audit opinion.
Subsidiaries and Joint Ventures
The consolidated statement includes the financial information of various subsidiaries and joint ventures, with their respective relationships to the Holding Company detailed. These include entities like UM Cables Limited, Bharat Minex Private Limited, and others, with their contributions to the consolidated results reviewed by MSKA & Associates LLP or other auditors.
Segment Performance
The financial results also provide a breakdown of performance by segment, specifically ‘Wire & Wire Ropes’ and ‘Others’. Revenue, profit before tax, segment assets, and liabilities are reported for each segment, offering insights into the operational performance of Usha Martin’s different business units.
Balance Sheet and Cash Flow Statements
Accompanying the results are the Consolidated Balance Sheet as at September 30, 2026, and the Consolidated Statement of Cash Flows for the six months ended the same date. These provide a comprehensive view of the company’s assets, liabilities, equity, and cash movements.
Standalone Financials
In addition to consolidated results, standalone financial results for the quarter and six months ended September 30, 2026, along with the Standalone Balance Sheet and Statement of Cash Flows, have also been published. These reflect the financial position and performance of Usha Martin Limited on a standalone basis.
Notes to Financial Results
The notes accompanying the financial results provide crucial context, including details on discontinued operations, ongoing legal proceedings related to land parcels, the impact of new labour codes, employee stock option plans, and a business transfer agreement for a subsidiary’s cable business. These notes offer further depth to the reported financial figures and potential future impacts.
Source: BSE
