Usha Martin Q4 FY26 Revenue up 9.3% to ₹979.3 Cr, PAT up 53.7%

Usha Martin Ltd. announced its audited financial results for Q4 and FY26. For Q4 FY26, revenue from operations increased 9.3% year-on-year to ₹979.3 crore. Operating EBITDA surged 51.6% to ₹211.5 crore, with margins expanding to 21.6%. Profit after tax (PAT) grew 53.7% to ₹155.1 crore. For the full year FY26, revenue rose 6.2% to ₹3,691.1 crore, and Operating EBITDA increased 18.1% to ₹705.1 crore, with margins at 19.1%. PAT for FY26 was ₹491.2 crore, up 20.9%. Managing Director Rajeev Jhawar highlighted strong performance despite a difficult external environment, attributing it to a richer product mix and cost discipline. The company transitioned from a net debt of ₹63 crore in FY25 to a net cash position of ₹332 crore in FY26, with free cash flows of ₹457 crore and ROCE improving to 20.6%.