Usha Martin Q1 FY27 Revenue Up 16.4% to ₹1,033 Crore; PAT Grows 40.9%
Usha Martin reported Q1 FY27 results with revenue up 16.4% YoY to ₹1,033 crore. Operating EBITDA rose 43.8% to ₹208 crore, and PAT grew 40.9% to ₹142 crore. The company generated ₹242 crore operating cash flow and ended with net cash of ₹465 crore. Its credit rating was upgraded to IND AA-/Stable.
The announcement details significant financial performance improvements and positive future outlook, coupled with a credit rating upgrade, which are material factors for investors.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT, along with an improved EBITDA margin. The MD's commentary highlights positive business performance and future confidence, supported by a credit rating upgrade.
Usha Martin Limited announced its financial results for the quarter ended 30th June 2026, reporting a significant year-on-year growth. The company's revenue from operations increased by 16.4% to ₹1,033.0 crore, up from ₹887.2 crore in the same quarter last year.
Operating EBITDA saw a substantial improvement of 43.8%, reaching ₹208.0 crore compared to ₹144.6 crore in Q1 FY26. The operating EBITDA margin expanded by 3.8 percentage points to 20.1% from 16.3%. Profit Before Tax (PBT) grew by 42.0% to ₹184.1 crore, with a PBT margin of 17.8%.
Profit After Tax (PAT) increased by 40.9% to ₹142.0 crore in Q1 FY27, with basic Earnings Per Share (EPS) standing at ₹4.66. The company also generated ₹242 crore of operating cash flow and ended the quarter with a net cash of approximately ₹465 crore. Capital expenditure during the quarter was ₹73 crore, focused on expanding capacity in specialized wire ropes and improving manufacturing efficiency.
Mr. Rajeev Jhawar, Managing Director, commented that the company commenced FY27 on a strong note, with revenue crossing the ₹1,000 crore milestone. He attributed the performance to an improved product and geographic mix, disciplined cost management, and timely pricing actions, despite higher input and freight costs. The rope business recorded healthy growth in India, the US, and Europe, while the wires business delivered strong volume growth of around 19% and revenue increase of approximately 32%. The company's Long-Term Credit Rating was upgraded to IND AA-/Stable.
Usha Martin aims to focus on value-led volume growth, scale newer verticals, and further strengthen the integration of its global operations under ‘One Usha Martin’. The company is confident of delivering consistent, profitable growth.
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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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