{"id":178529,"date":"2026-01-30T07:18:06","date_gmt":"2026-01-30T12:18:06","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178529"},"modified":"2026-01-30T07:18:10","modified_gmt":"2026-01-30T12:18:10","slug":"usha-martin-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/usha-martin-q3-fy26-earnings-results\/","title":{"rendered":"Usha Martin Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Usha Martin Ltd is primarily engaged in manufacture and sale of steel wires, strands, wire ropes, cords, related accessories, etc. It is also involved in sale of other products such as wire drawing and allied machines.<\/p>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b9917 cr, +6.6% YoY vs \u20b9861 cr, +1% QoQ; driven by strong demand in wire ropes (+6% YoY), wires (+14% YoY), offset by LRPC decline; 9M revenue \u20b92,712 cr (+5% YoY).<\/li>\n\n\n\n<li>EBITDA: Operating EBITDA \u20b9176 cr, +23.3% YoY vs \u20b9143 cr, margin 19.2% (+260 bps YoY); cost control, value-added products, pricing power aided.<\/li>\n\n\n\n<li>PAT: \u20b9108 cr, +16.7% YoY vs \u20b992 cr, +16% YoY; PBT \u20b9151 cr (+28% YoY); 9M PAT \u20b9318 cr (+4% YoY); EPS \u20b93.53 (+16% YoY).<\/li>\n\n\n\n<li>Other key metrics: Net cash \u20b9198 cr (from debt repayment), ROCE 19.8%; 9M EBITDA \u20b9494 cr (+8% YoY); customer relationships strengthened.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Healthy performance with EBITDA\/<a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/dac694a3-a208-4ac8-b210-4e676f143dc4.pdf\" target=\"_blank\" rel=\"noopener\">profit growth despite modest revenue<\/a>; focus on custom solutions, cost control.<\/li>\n\n\n\n<li>Strategic moves: Direct end-customer ties, custom products; strong cash flows, balance sheet.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b9908 cr, +1.8% YoY vs \u20b9891 cr, +2.3% QoQ; wire rope 74%, wires +14% YoY.<\/li>\n\n\n\n<li>EBITDA: \u20b9173 cr, +7.6% YoY, margin 19.1% (+110 bps YoY); OCF \u20b9390 cr (123% EBITDA conversion).<\/li>\n\n\n\n<li>PAT: \u20b9110 cr (+1% YoY), PBT \u20b9168 cr (+19% YoY); net cash \u20b9111 cr after \u20b9157 cr debt repayment.<\/li>\n\n\n\n<li>Other key metrics: H1 ROCE 20.3%; debt reduction focus.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Margin expansion offset modest revenue; pricing\/efficiency gains.<\/li>\n\n\n\n<li>Strategic moves: Debt reduction to net cash; H2 growth expected.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Usha Martin Ltd is primarily engaged in manufacture and sale of steel wires, strands, wire ropes, cords, related accessories, etc. It is also involved in sale of other products such as wire drawing and allied machines. Q3 FY26 Earnings Results Management Commentary &amp; Strategic Decisions Q2 FY26 Earnings Results Management Commentary Q2 To view the [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5753],"tags":[14306],"class_list":["post-178529","post","type-post","status-publish","format-standard","hentry","category-infographics","category-industrials","tag-wire-and-cables"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":172264,"url":"https:\/\/alphastreet.com\/india\/usha-martin-q2-fy26-earnings-results\/","url_meta":{"origin":178529,"position":0},"title":"Usha Martin Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"November 10, 2025","format":false,"excerpt":"Usha Martin Ltd is primarily engaged in manufacture and sale of steel wires, strands, wire ropes, cords, related accessories, etc. It is also involved in sale of other products such as wire drawing and allied machines. \u00a0 Q2 FY26 Earnings Results Revenue from Operations: \u20b9907.6 crore, up 1.8% YoY from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Usha Martin Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Usha-Martin-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Usha-Martin-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Usha-Martin-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Usha-Martin-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Usha-Martin-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Usha-Martin-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178856,"url":"https:\/\/alphastreet.com\/india\/rr-kabel-q3-fy26-earnings-results\/","url_meta":{"origin":178529,"position":1},"title":"RR Kabel Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 2, 2026","format":false,"excerpt":"Incorporated in 1995, RR Kabel provides consumer electrical products used for residential, commercial, industrial, and infrastructure purposes in two major segments, namely wires and cables including house wires, industrial wires, power cables, and special cables; and FMEG including fans, lighting, switches, and appliances. 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