Kolkata: Usha Martin Limited (NSE: USHAMART, BSE: 517146, Luxembourg SE: US9173002042), a leading specialty wire rope solutions provider globally, has announced its financial results for the quarter and year ended 31st March 2026.
Consolidated Performance Overview – Q4 FY26 vs. Q4 FY25:
- Revenue from operations increased by 9.3% to Rs. 979.3 crore in Q4 FY26
- Q4 FY26 Operating EBITDA stood at Rs. 211.5 crore as against Rs. 139.6 crore, higher by 51.6%
o Operating EBITDA margin stood at 21.6% in Q4 FY26 compared to 15.6% in Q4 FY26
- In Q4 FY26, PBT amounted to Rs. 204.4 crore, a 53.5% increase from Rs. 133.1 crore
- PAT increased by 46.7% at Rs. 148.0 crore in Q4 FY26
- Basic EPS stood at Rs. 4.85 for the quarter
Rajeev Jhawar, Managing Director said “We are pleased to close FY26 on a strong note. Q4 revenue grew ~9% YoY to Rs. 979 crore, and Operating EBITDA reached Rs. 212 crore – our highest quarterly EBITDA since the sale of our steel business. Operating EBITDA margins improved to 21.6%, from 15.6% in Q4 FY25. For the full year, revenue grew 6.2% to Rs. 3,691 crore and Operating EBITDA grew 18.1% to Rs. 705 crore, with margins expanding to 19.1%.
The performance was achieved despite a difficult external environment, including geopolitical tensions, disruptions in the Middle East, and higher raw material costs. The improvement was driven by a richer product mix and continued cost discipline and reflects the resilience of our global operating model.
The Company moved from a net debt of Rs. 63 crore in FY25 to a net cash position of Rs. 332 crore in FY26, with ~104% of Operating EBITDA converted into cash. Free cash flows for the year stood at Rs. 457 crore – up nearly 2.5x over FY25 – even as we invested Rs. 198 crore in capacity and capability enhancement, fully funded through internal accruals. ROCE improved to 20.6%, supported by better operating performance and disciplined capital allocation.
Looking ahead, while the external environment remains uncertain, we expect continued momentum in our specialty product portfolio, supported by healthy demand across our key end-markets. With a strong balance sheet, established global customer relationships and a growing track record in high-value applications, we believe Usha Martin is well positioned to deliver sustainable and profitable growth over the long term.”
