Usha Martin

Usha Martin delivered a strong Q4 FY26 with consolidated revenue of ₹979 croreCurrent reported value: ₹979 crore. No comparable prior figure is available in the source record. (+9.3Current reported value: 9.3. No comparable prior figure is available in the source record.% YoY) and EBITDA of ₹212 croreCurrent reported value: ₹212 crore. No comparable prior figure is available in the source record. (+52% YoY), the highest since the steel business sale. EBITDA margin expanded to 21.6%Current reported value: 21.6%. No comparable prior figure is available in the source record. (+610 bps YoY), driven by a richer product mix in ropes (especially oil & offshore, elevator, mining), cost efficiencies from the 'One Usha Martin' program, and pass-through of input cost increases. Rope revenue grew 14.8%Current 14.8%. Reported change: +14.8pp YoY. YoY, while wire revenue surged 31.2%. International revenue share rose to 57%Current 57%. Reported change: +2pp YoY.. The company ended the year with a net cash position of ₹332 croreCurrent reported value: ₹332 crore. No comparable prior figure is available in the source record. vs net debt of ₹63 crore last year. Management guided for 10-12% volume growth in FY27 and sustainable EBITDA margins around 20%, supported by a healthy order book for H1 and capacity expansion plans. Key risk: ongoing Middle East conflict could further delay project activity and disrupt supply chains.