Usha Martin Reports Strong Q1 FY27 Results: Revenue Grows 16.4%, Operating EBITDA Jumps 43.8% YoY

Usha Martin Reports Strong Q1 FY27 Results: Revenue Grows 16.4%, Operating EBITDA Jumps 43.8% YoY​

Kolkata, July 27, 2026 – Usha Martin Limited, a global specialty wire rope solutions provider, announced its unaudited financial results for the quarter ended June 30, 2026, showcasing robust growth across key metrics. The company reported that revenue increased by 16.4% year-on-year (YoY) to Rs. 1,033.0 crore, while Operating EBITDA improved significantly by 43.8%, reaching Rs. 208.0 crore. Profit after Tax (PAT) grew by 40.9% YoY to Rs. 142.0 crore.

The consolidated financial performance detailed the following figures:

Operational Highlights and Strategic Growth​

Commenting on the results, Mr. Rajeev Jhawar, Managing Director of Usha Martin Limited, noted that the company commenced FY27 strongly, achieving a consolidated revenue of Rs. 1,033 crore (a 16% increase YoY) and an operating EBITDA of Rs. 208 crore (up 44%), with margins expanding to 20.1%.

Mr. Jhawar attributed the performance, despite higher input and freight costs, to disciplined cost management, timely pricing actions, and an improved product and geographic mix. He highlighted that the rope business saw healthy growth in India, the US, and Europe, particularly in high-value applications, which successfully offset volume reductions in the Middle East resulting from ongoing geopolitical conflicts. Furthermore, the wires business demonstrated strong volume growth of around 19%, leading to approximately a 32% increase in revenue.

Cash Generation and Future Focus​

The company reported substantial financial strength, generating ₹242 crore of operating cash flow during the quarter and ending with net cash of approximately ₹465 crore. The firm incurred capital expenditure of approximately ₹73 crore, focusing on capacity expansion in specialized wire ropes and improving manufacturing efficiency.

In recognition of its strong financial performance and improved credit profile, Usha Martin’s Long-Term Credit Rating was upgraded to IND AA-/Stable.

Moving forward, management aims to focus on value-led volume growth, scale newer verticals such as plasticated LRPC and OceanFibre, and strengthen the integration of global operations under the 'One Usha Martin' vision.

Company Profile​

Established in 1960, Usha Martin is identified as a leading specialty steel wire rope solutions provider both globally and in India. The company is also involved in manufacturing high-quality wires, bespoke endfittings, accessories, low relaxation prestressed concrete steel strand (LRPC), and related services.

Usha Martin maintains manufacturing facilities in Ranchi, Hoshiarpur, Dubai, Bangkok, and the UK, producing a wide range of wire ropes used across various industries globally. The company’s global R&D center in Italy utilizes proprietary design software to develop industry-leading products.

USHAMART Stock Price Movement​

On Monday, shares of Usha Martin Limited edged higher, rallying 1.67% to settle at ₹504.00. The equity saw solid trading volume of 309,401 shares during the session, marking a positive day for the stock.