Usha Martin Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a 12.4% year-on-year increase in revenue from operations, reaching Rs. 1,000 crore for the second quarter of FY27. Operating EBITDA grew by 16.5% YoY to Rs. 201.9 crore, with margins improving to 20.2%. Profit after Tax (PAT) stood at Rs. 135.7 crore.
Usha Martin Announces Strong Q2 FY27 Financial Results
Usha Martin Limited has released its financial performance for the second quarter and first half of the fiscal year 2027, ending September 30, 2026. The company demonstrated robust growth, with consolidated revenue from operations increasing by 12.4% YoY to Rs. 1,000 crore in Q2 FY27. This compares favorably to Rs. 889.6 crore in the corresponding period of the previous fiscal year.
Key Financial Highlights for Q2 FY27
- Revenue from Operations: Increased by 12.4% YoY to Rs. 1,000 crore.
- Operating EBITDA: Grew by 16.5% YoY to Rs. 201.9 crore, up from Rs. 173.3 crore in Q2 FY26.
- Operating EBITDA Margin: Improved to 20.2% from 19.5% in Q2 FY26.
- Profit Before Tax (PBT): Rose by 6.5% YoY to Rs. 179.3 crore.
- Profit After Tax (PAT): Increased by 5.9% to Rs. 135.7 crore.
- Basic EPS: Stood at Rs. 4.23 for the quarter.
First Half FY27 Performance
For the half-year ended September 30, 2026 (H1 FY27), Usha Martin also reported strong performance:
- Revenue from Operations: Increased by 14.8% YoY to Rs. 2,021.1 crore.
- Operating EBITDA: Grew by 28.5% YoY to Rs. 410.2 crore.
- Operating EBITDA Margin: Improved by 2.2 percentage points to 20.3%.
- Profit Before Tax (PBT): Increased by 21.4% YoY to Rs. 363.7 crore.
- Profit After Tax (PAT): Increased by 20.6% YoY to Rs. 278.0 crore.
Management Commentary
Mr. Rajeev Jhawar, Managing Director, commented on the performance, stating, “We delivered a healthy operating performance in Q2 FY27. Consolidated revenue from continuing operations stood at approximately Rs. 1,000 crore, while operating EBITDA grew by 16.5% YoY to approximately Rs. 202 crore, with margins improving to 20.2%. Profitability was supported by an improved product mix, better realisations in the domestic market and continued focus on cost management.”
He further added that the domestic wire rope business performed well, registering healthy double-digit volume growth. The Wire & Strand business recorded strong growth of 35% YoY. The company’s balance sheet remains strong with a net cash position of approximately Rs. 415 crore, even after dividend payments of Rs. 114 crore. Operating cash flow before tax stood at approximately Rs. 413 crore during H1 FY27, reflecting healthy cash conversion of 101%.
Looking ahead, Usha Martin anticipates a stronger second half, supported by healthy domestic demand and progress across its specialized product portfolio. The company continues to focus on expanding its specialized wire rope capabilities, with the commissioning of the elevator rope capacity expansion expected to be operational by Q1 FY28.
Source: BSE
