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Usha Martin Q2 FY26 results (Jul–Sep 2025) and concall

Capital Goods · Concall AI · Call held 14 Nov 2025

Usha Martin delivered a strong financial performance in Q2 FY26, with robust revenue growth in the Wires segment and significant margin expansion. The company achieved a net cash position and substantially reduced debt, reflecting effective cost management and strategic initiatives. Despite softer volumes in some segments due to external factors, management anticipates higher throughput and growth in the second half of FY26.

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What they filed

Q2 FY26: revenue up 1.9%, net profit up 0.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue891 861 896 887 908 +2%
EBITDA161 143 140 145 173 +7%
Net profit109 92 101 101 110 +1%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.