Usha Martin Management Change
Usha Martin appointed MSKA & Associates as Statutory Auditors and added five directors to its board. These leadership changes aim to strengthen corporate governance and oversight.
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Usha Martin appointed MSKA & Associates as Statutory Auditors and added five directors to its board. These leadership changes aim to strengthen corporate governance and oversight.
Promoter Peterhouse Investments Limited sold 1,30,656 shares of Usha Martin Limited via the open market. This transaction reduced the promoter's holding to 1.02%.
Usha Martin reported strong FY26 results with 19.1% EBITDA margins and a shift to net cash position. Strategy focuses on high-value international rope segments and efficiency via the 'One Usha Martin' program.
Usha Martin delivered record EBITDA margins of 21.6% in Q4FY26 despite Middle East geopolitical headwinds, shifting heavily toward high-value specialized ropes.
Usha Martin Limited's Board has recommended a final dividend of Rs. 3.75 (375%) per equity share of Re. 1/- each for FY 2025-26. The dividend is subject to shareholder approval at the upcoming Annual General Meeting and will be paid according to applicable guidelines.
Usha Martin Limited's Board approved the appointment of Deloitte Touche Tohmatsu India LLP as Internal Auditors and Mani & Co. as Cost Auditors for 12 months. Both appointments are effective from April 1, 2026.
Usha Martin closed FY26 with 6.2% revenue growth and 18.1% Operating EBITDA growth, driven by product mix shifts toward high-performance wire ropes and cost discipline.
Usha Martin Ltd announced Q4 FY26 results with revenues growing 9.3% Y-o-Y to ₹979.3 crore. Profit after tax (PAT) rose 46.7% to ₹148.0 crore. Operating EBITDA improved significantly by 51.6% to ₹211.5 crore, driven by a richer product mix and cost discipline despite geopolitical tensions.
Usha Martin Ltd reported revenue from operations of ₹979.3 Cr (+9.3% YoY) and net profit of ₹148 Cr (+46.7% YoY) for Q4 FY26.
Usha Martin Ltd approved its FY26 results, reporting consolidated annual revenue of ₹3,691.06 Crore and profit after tax of ₹491.20 Crore. The Board recommended a final dividend of Rs. 3.75 per share. Additionally, Mani & Co. and Deloitte were appointed as Cost and Internal Auditors, respectively, for the upcoming financial year.
Usha Martin Limited has scheduled a Board Meeting for April 30, 2026. The board will consider and approve audited standalone and consolidated financial results for the year ended March 31, 2026, and recommend a dividend. The trading window for dealing in company securities remains closed until 48 hours after the results declaration.
Usha Martin Ltd reported net profit of ₹108 Cr (+17.0% YoY) for Q3 FY26.
Usha Martin Limited submitted a compliance certificate for the quarter ended March 31, 2026, regarding the dematerialization of securities. The certificate, issued by KFin Technologies Limited, confirms that security certificates were mutilated and cancelled after due verification by depositories within stipulated timelines.