Usha Martin Reports Q4 FY23 Financial Results: Revenue Up, EBITDA Down
Usha Martin, a steel wire rope manufacturer, released Q4 FY2023 results showing an 8.08% increase in revenue to ₹8.96 billion, but a 14.14% decrease in net profit to ₹92.30 crore. EBITDA fell to ₹1.39 billion, with margins declining to 15.58%. Despite challenges, the company declared a dividend of ₹3.00 per share.