Usha Martin Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
USHAMART · price
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Usha Martin Limited reported strong financial performance for FY26 with consolidated revenue from continuing operations of Rs. 3,69,106 Lakhs, up 6.2% from Rs. 3,47,416 Lakhs in FY25. Net profit after tax from continuing operations grew 21% to Rs. 49,131 Lakhs (vs Rs. 40,632 Lakhs). Q4 FY26 revenue was Rs. 97,926 Lakhs with PAT of Rs. 15,512 Lakhs, showing 44% YoY profit growth. The Board recommended a dividend of Rs. 3.75 per share (375%). The statutory auditor issued an unmodified (clean) opinion but drew an Emphasis of Matter regarding ongoing ED and CBI proceedings under PMLA related to Rs. 19,037 Lakhs land attachment at Ranchi concerning iron ore sales. An exceptional item of Rs. 1,335 Lakhs was recognized for incremental gratuity/leave liability due to new labour codes. Cost auditor M/s Mani & Co. and internal auditor M/s Deloitte were appointed for FY27.
Strong profitability growth and dividend recommendation are positive for shareholders. However, the ongoing ED/CBI legal proceedings regarding alleged illegal iron ore sales remain a contingent liability risk despite management's assertion of a strong legal position.