USHAMART Usha Martin Q4 FY26 results (Jan–Mar 2026) and concall
Usha Martin delivered a strong Q4 and full-year FY26 performance, marked by robust revenue growth, significant margin expansion, and a transition to a net cash positive balance sheet. The company's 'One Usha Martin' program and strategic shift towards higher-value products contributed to improved profitability and cash generation, despite challenges from geopolitical tensions in the Middle East and raw material price volatility. Management is confident in sustaining growth and margins by focusing on specialized products and capacity expansion.
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What they filed
Q4 FY26: revenue up 9.3%, net profit up 46.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 891 | 861 | 896 | 887 | 908 +2% | 917 +7% | 979 +9% |
| EBITDA | 161 | 143 | 140 | 145 | 173 +7% | 176 +23% | 212 +51% |
| Net profit | 109 | 92 | 101 | 101 | 110 +1% | 108 +17% | 148 +47% |
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.





