Usha Martin Limited has informed the Exchange regarding a press release dated April 30, 2026, titled "Usha Martin Ltd. announces Q4 & FY26 Results".
USHAMART · price
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On the reaction day the stock moved 2.9 pts less than Nifty Smallcap 250 and 2.7 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Usha Martin Limited reported strong Q4 FY26 results with revenue growing 9.3% YoY to Rs. 979.3 crore, driven by a richer product mix and cost discipline. Operating EBITDA surged 51.6% to Rs. 211.5 crore, with margins expanding sharply by 6 percentage points to 21.6%. PAT from continued operations grew 53.7% to Rs. 155.1 crore. For the full year FY26, revenue stood at Rs. 3,691.1 crore (up 6.2%) and PAT at Rs. 466.3 crore (up 14.8%). The company swung from a net debt of Rs. 63 crore to a net cash position of Rs. 332 crore, with ~104% of Operating EBITDA converted to cash and free cash flows of Rs. 457 crore. ROCE improved to 20.6%. An exceptional item of Rs. 16.9 crore was recorded for FY26, and losses from discontinued operations totalled Rs. 24.9 crore.
Usha Martin delivered exceptional profitability growth with margin expansion of 6 percentage points in Q4, signalling strong operational leverage. The shift to a net cash balance sheet and robust cash generation reduce financial risk and support future capacity investment.