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USHA MARTIN LTD. Q4 FY25 Results

USHAMARTQ4 FY25 Results
Filing
MetricValue ( Cr)vs Q3 FY25
Revenue896.084.1%
Total Income919.736.4%
Expenditure790.815.2%
PBT128.9214.8%
Net Profit100.919.4%
OPM15.58%6.96pp
NPM10.97%0.91pp
EPS3.329.2%
View full financials

Usha Martin Q4 FY25 Revenues Grew by 8.1% Y-o-Y to Rs. 896.1 Crore

13 May 2025 · 13 May 2025, 12:32 am

Summary

Usha Martin Limited, a leading specialty wire rope solutions provider globally, has announced its financial results for the quarter and year ended 31st March 2025. The company's Q4 FY25 revenues grew by 8.1% Y-o-Y to Rs. 896.1 crore, driven by a strong performance in the Wire & Strand segment (up 36.5% YoY) and the LRPC segment (up 18.0% YoY). The core Wire Rope segment recorded a YoY growth of 1.3% during the quarter. Q4 FY25 Operating EBITDA stood at Rs. 139.6 crore, with an EBITDA margin of 15.6%. The 'One Usha Martin' initiative is driving transformation and financial resilience, with improved working capital days, robust cash generation, and a leaner balance sheet.

Key Highlights

  1. 1

    Q4 FY25 revenues grew by 8.1% Y-o-Y to Rs. 896.1 crore

  2. 2

    Strong performance in Wire & Strand segment (up 36.5% YoY) and LRPC segment (up 18.0% YoY)

  3. 3

    Core Wire Rope segment recorded a YoY growth of 1.3% during the quarter

  4. 4

    Q4 FY25 Operating EBITDA stood at Rs. 139.6 crore with an EBITDA margin of 15.6%

Management Comments

R

Rajeev Jhawar

Managing Director

FY25 ended on a steady note, with revenue at Rs. 3,474 crore, registering an 7.7% year-on-year growth, led by a 9.5% increase in sales volumes. We remain focused on operational efficiency and value-migration, which should support margin improvement and enable us to accelerate growth in the coming quarters. We are pleased with the progress of our ‘One Usha Martin’ initiative, which is now deeply embedded in our culture and way of working across the organisation. We are implementing best practices in procurement, logistics, administration and backend operations to drive cost efficiencies globally. These initiatives have also enabled tighter working capital discipline. The combination of improved cash flows and a leaner balance sheet highlights the progress we have achieved thus far. With this foundation in place, we are confident of building further momentum, with the impact of ‘One Usha Martin’ to intensify from the second half of FY26. Looking ahead, we remain focused on high-value opportunities in the domestic market and on executing our strategic capex programs with discipline. While the external environment presents some near-term uncertainty, we believe that the initiatives undertaken across the organisation have strengthened our business model. This positions us well to drive value-led growth and deliver sustainable performance over the long term.

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