Usha Martin Q1 FY27: Revenue Surges 16.4% to ₹1,033 Cr, PAT Jumps 40.9% to ₹142 Cr
Usha Martin's Q1 FY27 revenue rose 16.4% YoY to ₹1,033 crore, with PAT jumping 40.9% to ₹142 crore. Operating EBITDA increased 43.8% to ₹208 crore, with margins improving to 20.1%. The company reported strong operating cash flow of ₹242 crore and a net cash position of ₹465 crore. India Ratings upgraded its long-term credit rating to IND AA-/Stable.
The substantial financial growth, improved profitability margins, positive cash flow, and a credit rating upgrade are all material positive developments that are likely to have a significant impact on investor perception and the company's financial standing.
The company reported significant year-on-year growth in revenue, operating EBITDA, and PAT, along with an improved EBITDA margin. The credit rating upgrade and strong cash flow generation further support a positive sentiment.
Usha Martin Limited has announced its unaudited financial results for the first quarter of FY27 ended June 30, 2026. The company reported a significant year-on-year increase in revenue from operations, which grew by 16.4% to ₹1,033 crore from ₹887 crore in Q1 FY26. This growth was driven by a 18.0% increase in the Wire Rope segment and a 31.7% increase in the Wire segment.
Operating EBITDA also saw a substantial rise of 43.8% to ₹208 crore in Q1 FY27, compared to ₹145 crore in Q1 FY26. The Operating EBITDA margin improved to 20.1% from 16.3% in the prior year period, attributed to an improved product mix, higher realizations, effective cost management, and the pass-through of higher input and freight costs.
Profit After Tax (PAT) for the quarter stood at ₹142 crore, marking a 40.9% increase from ₹101 crore in Q1 FY26. The company also reported strong operating cash flow of ₹242 crore, reflecting a 116% cash conversion of operating EBITDA, and maintained a net cash position of ₹465 crore as of June 30, 2026.
In terms of segment performance, Wire Rope contributed 73% to overall sales, while Wire and LRPC contributed 12% and 9% respectively. Geographically, India accounted for 43% of revenue, followed by Europe at 27% and Asia Pacific at 12%. The share of international business stood at 57% in Q1 FY27.
Further, India Ratings and Research Pvt. Ltd. upgraded Usha Martin Ltd.'s long-term credit rating to 'IND AA-/Stable' and reaffirmed 'IND A1+' for short-term credit facilities. The company has scheduled an earnings conference call for July 28, 2026, at 10:30 AM IST.
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Usha Martin Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Usha Martin Limited. Read the original for the full detail.