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Usha Martin (517146) investor relations material
Usha Martin Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY26 consolidated revenue grew 6.6% year-on-year to INR 917 crore (Rs. 91,705 lakhs), led by strong wire and wire rope segments and improved product mix.
Operating EBITDA rose 23.3% year-on-year to INR 176 crore, with margins improving to 19.2% from 16.6% last year.
Net profit for Q3 FY26 increased to INR 108 crore (Rs. 10,767 lakhs), despite a one-time wage code cost.
Operating cash flow before tax was INR 561 crore, with a 114% EBITDA-to-cash conversion.
Net cash position at quarter-end was INR 198 crore, reflecting robust balance sheet and financial discipline.
Financial highlights
Q3 FY26 consolidated net revenue: INR 917 crore (up from INR 861 crore in Q3 FY25).
Wire segment revenue up 20.2% year-on-year; wire rope segment up 6.6%; LRPC segment down 13%.
Nine-month FY26 revenue: INR 2,712 crore, up 5.2% year-on-year; nine-month EBITDA: INR 494 crore.
Free cash flow for nine months: INR 318 crore; gross debt reduced from INR 338 crore to INR 172 crore.
Q2 FY26 PAT included a one-time income of Rs. 15 crore from property sale.
Outlook and guidance
Expecting volume growth from new product categories and geographies, with double-digit revenue growth anticipated in FY27.
CapEx at Ranchi plant stabilizing; healthy order book and ongoing customer approvals support future growth.
EBITDA for FY26 projected in the INR 680–700 crore range, with margins maintained at 19–20%.
Management remains confident in legal position despite ongoing proceedings.
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- DCRU
Strong FY2025 growth, high occupancy, and strategic expansion driven by digital demand. - WOSG
Q3 sales growth exceeded expectations, guidance raised, and US presence expanded. - NOBA
Record profit growth, robust capital, and SME expansion drive strong 2025 results. - SF
Margins expanded to 27% despite revenue decline and large non-cash impairments. - IFX
Q1 FY26 revenue up 7% YoY to €3.66bn, led by AI and automotive, with key acquisition and investments. - WRT1V
All-time high profit and cash flow, with robust Marine and Energy growth and major investments. - CB
Record net income and strong underwriting drive robust growth, with positive 2026 outlook. - BERG
EBITA and margins rose 12% with 4% organic growth, supported by acquisitions and efficiency. - APOTEA
Full-year revenue up 10.1%, but Q4 margin dropped to 1.3% on higher costs. - V2RETAIL
Q3 and 9M FY26 saw strong revenue and profit growth, aided by expansion and lease gains.
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