USHAMART: Usha Martin Limited has submitted to the Exchange, the unaudited financial results for the quarter ended June 30, 2025.
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Usha Martin reported Q1 FY26 consolidated revenue from operations of Rs 88,719 lakhs, up about 7.4% from Rs 82,637 lakhs in Q1 FY25, driven mainly by the Wire & Wire Ropes segment. Consolidated profit after tax was Rs 10,081 lakhs, marginally lower than Rs 10,384 lakhs in the year-ago quarter, with EPS at Rs 3.31 vs Rs 3.42. Standalone revenue grew to Rs 54,011 lakhs with PAT of Rs 7,087 lakhs (up from Rs 6,886 lakhs). The auditor (S.R. Batliboi & Co. LLP) issued an unqualified review report but included an Emphasis of Matter on long-pending PMLA/CBI cases related to Rs 19,037 lakhs of iron ore fines transactions from prior years and attached land parcels at Ranchi, with next hearings scheduled in August and September 2025. Management has not made any adjustments to the financials, citing legal opinion and stating business operations are unaffected.
Results show steady top-line growth in the core wire rope business but slight compression in bottom line at the consolidated level, with no immediate financial hit from the legal matters. The PMLA/CBI emphasis of matter is an ongoing overhang that investors should monitor, though management maintains the company has a strong defence and the next hearings are due on August 28, September 8, and September 22, 2025.