Usha Martin Ltd (NSE:USHAMART)

Q3 2026 Usha Martin Ltd Earnings Call Transcript

Jan 29, 2026 / 04:30 AM GMT

Release Date Price: ₹409.25 (+0.18%)

Transcript

Key Points

Positve

Consolidated revenues for the quarter grew 6.6% year on year to INR917 crore, driven by a better product mix and steady demand trends.
The wire segment demonstrated strong momentum, delivering a 20.2% year on year increase in revenues.
Operating EBITDA for the quarter stood at INR176 crore, representing a strong 23.3% year on year increase.
Operating cash flow before tax stood at INR561 crore, translating into a robust 114% conversion of operating EBITDA into cash.
The company closed the quarter with a net cash position of INR198 crore and an ROC of 20%.

Negative

The LRPC segment recorded a 130% decline year on year.
Despite a strong performance, net profit for the quarter was impacted by a one-time cost of INR13 crore due to the implementation of the wage code.
The European market remains flat in terms of volume growth.
The domestic market has been subdued, particularly in the low-value general-purpose rope segment.
The company faces challenges in ramping up volumes in the Saudi Arabian and Thailand operations, which are still in the early stages of growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

USBL.NS - Usha Martin Ltd
Q3 2026 Usha Martin Ltd Earnings Call
Jan 30, 2026 / 04:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good morning and welcome to the earnings conference call of Usha Martin Limited.

As a reminder, all participant lines will remain in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal the operator by pressing, then 0 on your touchstone telephone.

Please note that this conference is being recorded.

I will now hand the conference over to Mr. Anup Pujari from CDL India for opening remarks.

Thank you and over to you, Anup.

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Unidentified_2 [2]
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