Usha Martin Q2 FY27 Revenue up 12.4% to ₹1,000 Cr, PAT at ₹135.7 Cr
Usha Martin's Q2 FY27 revenue grew 12.4% YoY to ₹1,000 crore. Operating EBITDA increased 16.5% to ₹201.9 crore, and PAT was ₹135.7 crore. For H1 FY27, revenue rose 14.8% to ₹2,021.1 crore, with EBITDA up 28.5% to ₹410.2 crore and PAT at ₹278.0 crore. The company maintains a net cash position of ₹415 crore and is investing in capacity expansion.
The results show significant year-on-year growth in key financial metrics like revenue and EBITDA, along with an improved net cash position and ongoing strategic investments in capacity expansion, which are material to investors.
The company reported year-on-year growth in revenue, EBITDA, and PAT for both the quarter and half-year, indicating a positive financial performance. Management commentary also reflects confidence in future growth.
Usha Martin Limited announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a consolidated revenue from operations of ₹1,000 crore for Q2 FY27, marking a 12.4% year-on-year increase. Operating EBITDA rose by 16.5% YoY to ₹201.9 crore, with margins improving to 20.2% from 19.5% in the same quarter last year.
Profit Before Tax (PBT) stood at ₹179.3 crore, a 6.5% increase YoY. Profit After Tax (PAT) grew by 5.9% to ₹135.7 crore. Basic Earnings Per Share (EPS) for the quarter was ₹4.23.
For the half-year ended September 30, 2027 (H1 FY27), revenue from operations increased by 14.8% YoY to ₹2,021.1 crore. Operating EBITDA saw a significant jump of 28.5% YoY to ₹410.2 crore, with margins improving by 2.2 percentage points to 20.3%. PBT increased by 21.4% to ₹363.7 crore, and PAT grew by 20.6% to ₹278.0 crore.
Mr. Rajeev Jhawar, Managing Director, highlighted the healthy operating performance driven by an improved product mix, better domestic realisations, and cost management. The domestic wire rope business showed strong volume growth, and the Wire & Strand business recorded a 35% YoY growth. The company maintained a net cash position of approximately ₹415 crore, even after dividend payments of ₹114 crore. Capex of approximately ₹143 crore was incurred in H1 FY27, focusing on expanding specialised wire rope capabilities. The commissioning of elevator rope capacity expansion has commenced and is expected to be fully operational by Q1 FY28. The company anticipates a stronger second half of FY27, supported by domestic demand and its specialised product portfolio.
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