| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 917.05 | 1.1% | 6.6% |
| Total Income | 921.15 | 1.0% | 6.6% |
| Expenditure | 774.69 | 1.0% | 3.0% |
| PBT | 133.11 | 18.3% | 18.5% |
| Net Profit | 107.67 | 1.9% | 16.7% |
| OPM | 17.73% | 1.33pp | 9.11pp |
| NPM | 11.69% | 0.11pp | 1.63pp |
| EPS | 3.53 | 15.8% | 16.1% |
Usha Martin Q3 FY26: Revenues at Rs. 917.1 crore, PAT grows by 16.7% to Rs. 107.7 crore
29 Jan 2026 · 29 Jan, 9:52 pm
Summary
Usha Martin Ltd, a leading specialty wire rope solutions provider globally, has announced its financial results for the quarter and nine months ended 31*t December 2025. The company reported a 6.6% increase in revenue from operations, a 23.3% increase in Operating EBITDA, and a 16.7% increase in PAT.
Key Highlights
- 1
Revenue from Operations: Rs. 917.1 crore (6.6% YoY increase)
- 2
Operating EBITDA: Rs. 175.9 crore (23.3% YoY increase)
- 3
Operating EBITDA Margin: 19.2% (2.6 pps YoY increase)
- 4
PBT before exceptional items: Rs. 151.1 crore (28.5% YoY increase)
- 5
PAT: Rs. 107.7 crore (16.7% YoY increase)
- 6
PAT Margin: 15.0% (1.3 pps YoY increase)
- 7
Operating Cash Flows before tax: Rs. 567 crore (114% conversion of operating EBITDA)
- 8
Net Cash Position: Rs. 198 crore
- 9
ROCE: 19.8%
Management Comments
Mr. Rajeev Jhawar
Managing Director
I am pleased to report a healthy operating performance in Q3 FY26, with consolidated operating EBITDA for the quarter at Rs. 176 crore, representing a strong 23.3% year-on-year increase. EBITDA margins also expanded to 19.2% from 16.6% in Q3 FY25, reflecting our continued emphasis on value-added products, disciplined execution and cost control across the organisation. During the 9 months, we also delivered strong cash flow generation, with operating cash flows before tax of Rs. 567 crore, translating into a healthy 114% conversion of operating EBITDA. Improved inventory management and tighter working capital controls enabled us to further strengthen the balance sheet with a net cash position of Rs. 198 crore and delivered a ROCE of 19.8%.
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