Usha Martin Ltd (NSE:USHAMART)

Q4 2026 Usha Martin Ltd Earnings Call Transcript

Apr 30, 2026 / 11:00 AM GMT

Release Date Price: ₹451.8 (-2.17%)

Transcript

Key Points

Positve

Usha Martin Ltd (BOM:517146) reported a consolidated revenue of Rs. 3,691 crores for FY26, with a 6.2% increase year-on-year.
Operating EBITDA grew by 18% to Rs. 705 crores, with margins improving to 19.1% from 17.2% the previous year.
The company achieved a net cash position of Rs. 332 crores, transitioning from a net debt position of Rs. 63 crores in the previous year.
International revenues now account for 57% of the total top-line, reflecting strong traction across global markets.
The One Usha Martin program has resulted in significant cost savings, with fixed employee costs and administrative expenses declining by 3% and 7% respectively.

Negative

The ongoing conflict in the Middle East led to slower customer activity and project delays, impacting volumes in the region.
Supply chain disruptions in the Middle East affected the timing of shipments, contributing to lower-than-expected volumes.
The geopolitical situation created tightness in raw material availability, putting pressure on input costs.
Volume growth in ropes was only about 5%, with the Middle East crisis impacting demand by approximately 900 tons.
Despite a strong financial performance, the company faces challenges in maintaining margins due to rising steel, gas, and logistics costs.

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

USBL.NS - Usha Martin Ltd
Q4 2026 Usha Martin Ltd Earnings Call
Apr 30, 2026 / 11:00AM GMT

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

As a reminder, all participant lines will be 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 an operator by pressing start and zero on the touchstone phone. Please note that this conference is being recorded.

I now hand the conference over to Mr. Dev Rishi Singh of Ctr. India.

Thank you, and over to you, sir.

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Unidentified_2 [2]
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