ALFA Finder| Revenue growth | 16.4% YoY |
|---|---|
| Margins | Operating EBITDA margin expanded 380bps YoY to 20.1% |
| Demand visibility | Healthy demand in key international markets despite Middle East headwinds |
| Management confidence | High; citing 'strong note' and 'profitable growth' |
Growth
Revenue grew 16.4% YoY to ₹1,033 Cr; PAT surged 40.9% YoY to ₹142 Cr.
Outlook
Focus on high-value plasticated LRPC and OceanFibre; ₹73 Cr capex this quarter for capacity expansion.
Risks
Geopolitical conflicts in Middle East impacting volumes; raw material price volatility (steel prices up 12% YoY).
Last quarter's promises, checked
Delivered
- Guided 20% min margin → delivered 20.1% (= BEAT)
- Guided H1 FY27 order book growth → delivered 16.4% rev growth (= BEAT)
- Guided pass-through of steel/freight costs → delivered 380bps margin expansion (= BEAT)
Partly delivered
- Guided 10-12% volume growth → delivered 19% in Wires but overall volume mix shift (= PARTIAL)
Investor Presentation filed with BSE, NSE: USHAMART. Summary written with AI assistance from the document.
Usha Martin Ltd: key numbers
- Share price
- ₹493.00
- Market cap
- ₹15,024 Cr
- Revenue (annual)
- ₹3,691 Cr
- Net profit (annual)
- ₹466.0 Cr
- P/E (TTM)
- 29.6×Sector 17.1×
- Promoter holding
- 40.09%-0.19% QoQ
- FII holding
- 15.34%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Usha Martin Ltd
All →Usha Martin Board Meeting Date
Usha Martin Ltd notified a board meeting on 13 November 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026. The trading window stays closed for designated persons until 48 hours after results.
Usha Martin Other Announcement
Usha Martin disclosed a voluntary ESG rating of 69.57 assigned by Niche99, a SEBI-registered ESG Rating Provider, based on FY 2025-26 public data. The company did not engage the provider and the rating was not commissioned.
Usha Martin Merger & Restructuring Worth ₹77 Cr
Usha Martin completed the Rs. 77 Crore slump sale of U M Cables' optical fibre business to R R Kabel. Transfer took effect 31 October 2026.
- Value
- ₹77.00 Cr
Usha Martin Merger & Restructuring
Usha Martin reports completion of its subsidiary U M Cables' business slump sale to R R Kabel, effective 31 October 2026. No consideration amount is disclosed.
Usha Martin Other Announcement
Usha Martin Ltd filed its quarterly shareholding pattern under Regulation 31(1)(b) for the quarter ended September 30, 2026, detailing promoter and public shareholding statistics.
Usha Martin Merger & Restructuring
Usha Martin Limited executed a Business Transfer Agreement to sell the business undertaking of its subsidiary, U M Cables Limited, to R R Kabel Limited.