Usha Martin announced its Q3 FY26 results, reporting revenue of ₹917.1 crore. Operating EBITDA increased by 23.3% Y-o-Y to ₹175.9 crore, with a margin of 19.2%. Profit after tax grew by 16.7% to ₹107.7 crore. The company highlighted strong cash flow generation and a strengthened balance sheet.
Financial Highlights for Q3 FY26
Usha Martin announced its financial results for the third quarter of fiscal year 2026. Key highlights from the announcement include:
- Revenue from Operations: Stood at ₹917.1 crore, an increase of 6.6% compared to Q3 FY25 (₹860.5 crore).
- Operating EBITDA: Improved significantly by 23.3% Y-o-Y, reaching ₹175.9 crore (Q3 FY25: ₹142.7 crore).
- Operating EBITDA Margin: Increased to 19.2%, a 2.6 percentage point increase from Q3 FY25 (16.6%).
- Profit Before Tax (before exceptional items): Increased by 28.5% to ₹151.1 crore (Q3 FY25: ₹117.6 crore).
- Profit After Tax: Grew by 16.7% to ₹107.7 crore (Q3 FY25: ₹92.3 crore).
Nine-Month Performance (9M FY26)
The company also reported its performance for the nine months ended December 31, 2025:
- Revenue from Operations: ₹2,711.8 crore, up 5.2% from 9M FY25.
- Operating EBITDA: ₹493.6 crore, a 7.9% increase Y-o-Y.
- Profit After Tax: ₹318.3 crore.
Management Commentary
Mr. Rajeev Jhawar, Managing Director, commented on the results, highlighting the company’s healthy operating performance with a strong 23.3% year-on-year increase in consolidated operating EBITDA. He also noted the expansion of EBITDA margins to 19.2%, reflecting the company’s emphasis on value-added products and cost control. Strong cash flow generation led to a net cash position of ₹198 crore and a ROCE of 19.8%.
Mr. Jhawar further emphasized the company’s deepened engagement with end customers, building direct relationships across key international markets to develop customized solutions and said that the company is well-positioned to drive sustainable and profitable growth.
Source: BSE
