Usha Martin Reports Steady Q2 Performance with Revenue Growth and Ongoing Legal Proceedings

Usha Martin Limited , a leading wire rope manufacturer, has announced its financial results for the second quarter, demonstrating resilience in a challenging economic environment. The company also disclosed ongoing legal proceedings in its latest quarterly report.

Financial Highlights

Usha Martin reported a consolidated net profit of 1.10 billion rupees for Q2, maintaining the same level as the previous year. This stability in profitability comes alongside a modest increase in revenue, which grew to 9.07 billion rupees from 8.91 billion rupees year-over-year, representing a growth of about 1.8%.

Financial Metric	Q2 Current	Q2 Previous	YoY Change
Revenue	9.07	8.91	+1.8%
EBITDA	1.73	1.61	+7.5%
Net Profit	1.10	1.10	No change
EBITDA Margin	19.06%	18.04%	+102 bps

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a notable improvement, rising to 1.73 billion rupees compared to 1.61 billion rupees in the same period last year, marking an increase of approximately 7.5%.

Improved Operational Efficiency

Usha Martin's EBITDA margin expanded to 19.06% from 18.04% year-over-year, indicating enhanced operational efficiency and cost management. This 102 basis points improvement in margin suggests that the company has been successful in optimizing its operations despite potential challenges in the broader economic landscape.

Legal Proceedings

Usha Martin disclosed several ongoing legal issues in its quarterly report:

Certain land parcels at Ranchi, valued at Rs. 19,037 lakhs, have been attached under the Prevention of Money Laundering Act, 2002 (PMLA) in relation to iron ore sales.
The Central Bureau of Investigation (CBI) has filed charges against the company and certain personnel under the Prevention of Corruption Act, 1988 and Indian Penal Code, 1860.
The company has received summons from the Enforcement Directorate regarding PMLA provisions.

Despite these legal challenges, the management believes that the company has a strong case and has not made any adjustments to the financial results. They have stated that the ongoing operations of the company remain unaffected by these proceedings.

Looking Ahead

As Usha Martin continues to navigate the evolving market conditions and legal challenges, its focus on maintaining profitability and improving operational efficiency positions it well for future growth opportunities. The company's ability to maintain its profit levels while improving revenue and EBITDA demonstrates its strong market position and effective business strategies in the wire rope manufacturing sector.

Investors and stakeholders will likely keep a close eye on how the company builds upon this steady performance in the coming quarters, as well as the development of the ongoing legal proceedings.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.82%	+1.63%	+4.79%	+54.55%	+13.38%	+1,906.16%

Usha Martin Limited , a prominent player in the wire rope manufacturing industry, has announced a significant development in its financial obligations. The company disclosed that the Export Import Bank of India has released a corporate guarantee of USD 5.00 million, which was previously issued on behalf of its wholly-owned subsidiary, Brunton Wire Ropes FZ Co., UAE.

Key Details of the Corporate Guarantee Release

Aspect	Details
Guarantee Amount	USD 5.00 million
Issuing Entity	Export Import Bank of India
Beneficiary	Brunton Wire Ropes FZ Co., UAE
Relationship to Usha Martin	Wholly-owned subsidiary
Original Issue Date	August 2023
Release Notification Date	November 7, 2025
Notification Time	11:31 A.M.

Usha Martin received formal intimation of the guarantee release from the Export Import Bank of India on November 7, 2025, at 11:31 A.M. This development marks the conclusion of the financial commitment that was initially established in August 2023.

Regulatory Compliance

In adherence to regulatory requirements, Usha Martin has promptly disclosed this information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has ensured transparency by making this disclosure available on its official website, www.ushamartin.com , in addition to notifying the relevant stock exchanges.

Implications for Usha Martin

The release of this corporate guarantee may have implications for Usha Martin's financial position. It potentially affects the company's financial capacity and contingent liabilities, which could impact its financial flexibility moving forward.

This development underscores the dynamic nature of corporate financial management and the importance of timely disclosures in maintaining market transparency. Investors and stakeholders of Usha Martin may consider this information as part of their assessment of the company's ongoing financial management strategy.