Usha Martin Limited announced its audited financial results for FY26 following a Board meeting held on April 30, 2026, and subsequently published these results in newspapers on May 1, 2026. The company delivered exceptional performance with consolidated revenue from operations growing 6.20% year-on-year to Rs 3,691.06 crore in FY26, compared to Rs 3,474.16 crore in FY25. The consolidated net profit from continuing operations reached Rs 491.20 crore, up 20.90% from Rs 406.32 crore in FY25.

Regulatory Compliance and Publication

Pursuant to Regulation 30 & 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Usha Martin published its audited financial results in newspapers on Friday, May 1, 2026. The publication appeared in "Business Standard" (English Newspaper - All editions) and "Aajkaal" (Bengali Regional Newspaper - Kolkata edition). Company Secretary & Compliance Officer Manish Agarwal confirmed the publication to stock exchanges including BSE Limited, National Stock Exchange of India Ltd, and Societe de la Bourse de Luxembourg.

Earnings Conference Call Recording Available

Following the earnings announcement, the company has made available the audio recording of its Q4 & FY26 earnings conference call held on April 30, 2026, on its official website at www.ushamartin.com . The company informed stock exchanges that the transcript of the earnings call will be shared and uploaded on the company's website in due course, maintaining transparency with stakeholders and investors.

Board Meeting Outcomes and Corporate Actions

The Board of Directors approved several key decisions during their meeting on April 30, 2026, from 12:00 Noon to 13:15 PM (IST). The company recommended a final dividend of Rs 3.75 per equity share of Re 1 each, representing a 375% dividend rate for FY26, subject to shareholder approval at the upcoming Annual General Meeting. The Board also appointed M/s Mani & Co., Cost Accountants, as Cost Auditor for FY27 and M/s. Deloitte Touche Tohmatsu India LLP as Internal Auditor for FY27.

Q4FY26 Performance Highlights

The company's Q4FY26 performance was remarkable, with consolidated revenue from operations growing 9.30% to Rs 979.26 crore from Rs 896.08 crore in Q4FY25. Operating EBITDA witnessed substantial improvement, surging 51.60% to Rs 211.50 crore from Rs 139.60 crore in the corresponding quarter of the previous year. Operating EBITDA margin expanded significantly to 21.60% from 15.60% in Q4FY25, representing an improvement of 600 basis points. Consolidated net profit increased by 46.70% to Rs 148.03 crore from Rs 100.91 crore in Q4FY25.

Full Year FY26 Financial Performance

For the complete financial year FY26, the company reported consolidated revenue from operations of Rs 3,691.06 crore, representing a 6.20% increase from Rs 3,474.16 crore in FY25. Operating EBITDA for the full year grew 18.10% to Rs 705.00 crore with margins expanding to 19.10% from 17.20% in the previous year. Net profit from continuing operations reached Rs 491.20 crore, up 20.90% from Rs 406.32 crore in FY25. Return on Capital Employed (ROCE) improved to 20.60% from 19.30% in FY25.

Cash Flow and Balance Sheet Strength

Free cash flows for FY26 stood at Rs 457.00 crore, up nearly 2.5 times over FY25, even as the company invested Rs 198.06 crore in capacity and capability enhancement, fully funded through internal accruals. The strong balance sheet position moved from a net debt position of Rs 63.00 crore in FY25 to a net cash position of Rs 332.00 crore in FY26, with approximately 104% of operating EBITDA converted into cash.

Usha Martin Limited has submitted its quarterly regulatory compliance certificate to stock exchanges and depositories for the quarter ended March 31, 2026. The filing, dated April 6, 2026, demonstrates the company's adherence to SEBI regulations governing depository operations and participant compliance.

Regulatory Filing Details

The company filed certificates pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 with multiple regulatory bodies and exchanges. Company Secretary and Compliance Officer Manish Agarwal signed the submission on behalf of Usha Martin Limited.

Stock Exchange and Depository Submissions

Usha Martin submitted the compliance certificates to all relevant regulatory bodies where its shares are listed and held. The comprehensive filing ensures compliance across multiple jurisdictions and depositories.

The certificates were submitted to:

• National Stock Exchange of India Ltd (Symbol: USHAMART)
• BSE Limited (Scrip Code: 517146)
• Societe de la Bourse de Luxembourg (Scrip Code: US9173002042)
• Central Depository Services (India) Limited
• National Securities Depository Ltd

KFin Technologies Compliance Certification

KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, issued separate certificates to both NSDL and CDSL confirming regulatory compliance. Senior Manager Ramdas signed both certificates on April 6, 2026.

Regulatory Compliance Framework

The certificates confirm that details of securities dematerialized and rematerialized during Q4FY26 were properly furnished to all stock exchanges where Usha Martin shares are listed. KFin Technologies certified that security certificates received for dematerialization were mutilated and cancelled after due verification by depository participants.

The filing demonstrates Usha Martin's commitment to maintaining regulatory compliance across its depository operations. The systematic submission to multiple exchanges and depositories reflects the company's comprehensive approach to regulatory adherence and transparent corporate governance practices.