USHAMART Usha Martin Q3 FY26 results (Oct–Dec 2025) and concall
Usha Martin delivered a strong Q3 FY26, with consolidated revenue growing 6.6% to INR917 crore and operating EBITDA up 23.3% to INR176 crore, driven by a better product mix and cost discipline. The company achieved a net cash position of INR198 crore and significantly reduced gross debt. While the LRPC segment saw a decline, management is focused on value-added products and expects volume growth to pick up in coming quarters, supported by a healthier order book and strategic initiatives in new markets like Saudi Arabia.
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What they filed
Q3 FY26: revenue up 6.5%, net profit up 17.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 891 | 861 | 896 | 887 | 908 +2% | 917 +7% |
| EBITDA | 161 | 143 | 140 | 145 | 173 +7% | 176 +23% |
| Net profit | 109 | 92 | 101 | 101 | 110 +1% | 108 +17% |
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.
