Usha Martin Ltd. reported higher earnings for the first quarter of FY27, supported by growth in revenue and improved operating performance.
The wire ropes manufacturer posted a 40.7% year-on-year increase in net profit to ₹142 crore, while revenue crossed the ₹1,000 crore mark during the quarter.
Revenue from operations rose 16.4% year-on-year to ₹1,033 crore in Q1FY27.
The company had reported revenue of ₹887.19 crore in the corresponding quarter of the previous financial year.
Operating performance improved during the quarter, with EBITDA increasing 43.8% year-on-year to ₹208 crore from ₹145 crore.
The improvement in operating earnings also lifted the EBITDA margin to 20.1%, compared with 16.3% in the year-ago period.
Net profit climbed to ₹142.04 crore, up from ₹100.81 crore reported in the corresponding quarter last year.
The 40.7% increase in earnings outpaced the growth in revenue, reflecting stronger operating profitability during the quarter.
Usha Martin Ltd. is one of India's leading manufacturers of wire ropes and operates across sectors including mining, oil and gas, infrastructure, elevators, ports and material handling.
The company also manufactures speciality steel and exports its products to customers in multiple international markets.
Read More: Coforge Share Price Gains Over 9% After Q1 FY27 Earnings Results: Total Income Up 49.2% YoY!
As of 28 July 2026, at 11:55 AM, Usha Martin Ltd share price was trading at ₹507 per share, reflecting a surge of 0.98% from the previous trading session.
Usha Martin began FY27 with growth across key financial metrics, reporting higher revenue, stronger operating earnings and an expansion in EBITDA margin. The quarter also saw net profit rise at a faster pace than revenue, supported by improved operating performance.
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Published on: Jul 28, 2026, 1:14 PM IST
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