Usha Martin announced its Q2 FY26 results, reporting a profit of ₹12.76 crore. Total income stood at ₹93.02 crore. The company’s earnings were affected by ongoing legal matters, for which management believes there will be a favorable outcome. Despite challenges, Usha Martin continues to focus on operational efficiency and strategic growth. A gain of ₹1,540 lakhs arose from the sale of land and building at Chennai.
Financial Performance
Usha Martin reported a profit of ₹12.76 crore for the quarter ended September 30, 2025. Total income for the quarter reached ₹93.02 crore, which included revenue from operations amounting to ₹90.76 crore, and other income of ₹2.27 crore. The company’s expenses totaled ₹76.73 crore.
Segment Analysis
The Wire & Wire Ropes segment reported revenue of ₹88.98 crore. The Others segment, which includes telecommunication cables, contributed ₹1.77 crore in revenue. The Wire & Wire Ropes segment reported a profit before finance costs of ₹16.19 crore.
Legal Matters
The company is addressing legal proceedings related to certain land attachments and investigations. Management believes the company has a strong case and anticipates a favorable resolution. These matters have not significantly impacted the company’s ongoing operations.
Other Key Points
Usha Martin Employee Stock Option Plan 2024 is in effect. The company acquired a total of 1,90,500 shares through the Usha Martin Limited Employees Welfare Trust. There was a gain of ₹1,540 lakhs arising from the sale of land and building at Chennai which was classified as ‘Asset Held for Sale’ in a prior year.
Source: BSE
