USHA MARTIN LTD. - 517146 - Shareholder Meeting / Postal Ballot-Outcome of AGM
A summary of proceedings of the 37th Annual General Meeting of the Company held on Thursday, 10th August 2023 at its Registered Office is enclosed.10-08-2023
10-08-2023
USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
The audio recording of the Earnings Conference Call held on 8th August 2023 is available on the website of the Company at: https://ushamartin.com/upload/investorrelations/Earnings%20Call%20Recording%20-%20Q1%20FY%2023-24_20230808133234_earnings-call-recording-q1-fy-23-24.mp308-08-2023
Q1FY24 Quarterly Result Announced for Usha Martin Ltd.
Iron and steel products company Usha Martin announced Q1FY24 results: Revenue from operations increased by 7.3% YoY to Rs 814.4 crore in Q1FY24. Q1FY24 operating EBITDA stood at Rs 145.7 crore as against Rs 117.3 crore, higher by 24.2% on a YoY basis. During Q1FY24, the operating EBITDA margin was recorded at 17.9%, reflecting an increase from 15.5% in Q1FY23. Considering other Income, the EBITDA margins for Q1FY24 stood at 18.3%, compared to 16.4% in Q1FY23. In Q1FY24, the PBT amounted to Rs 129.1 crore, registering a 25.0% YoY increase from Rs 103.3 crore. In Q1FY24, the PAT amounted to Rs 100.8 crore, registering a 22.5% YoY increase from Rs 82.2 crore. Basic EPS stood at Rs 3.31 as against Rs 2.69 YoY. Commenting on the performance Tapas Gangopadhyay, Non-Executive Director, Usha Martin, said, “We are delighted to report a strong YoY growth in EBITDA and profitability for Q1FY24. During the quarter, our operating EBITDA increased by 24.2%, with EBITDA margins showing a notable YoY increase of 2.4 pps to 17.9%. This significant margin performance is attributed to our strong focus on value-added products and the expansion of our international operations, which contributed 56% to our Q1FY24 revenue. Our engagement with international customers for high-end wire ropes remained robust, underscoring the criticality of these products in various end-user industries. We have full confidence in the capabilities of our R&D; team to develop suitable solutions, collaborating continuously with our customers. Our capex initiatives are progressing smoothly. The increased capacities will predominantly cater to a diverse array of critical applications and value-added products, including mining ropes, non-rotating ropes, compacted ropes, and plasticated ropes. Our wave expansion at Ranchi is on-track and is expected to be completed by the end of Q3, supporting our revenue growth endeavors. Moving forward, Usha Martin is focused on consolidating its position as one of the world's largest providers of specialty wire rope, while actively pursuing market share expansion. With six decades of invaluable experience in the industry, we are poised to leverage our expertise to offer unparalleled solutions. Through continuous investments in R&D; and modernization, we are committed to providing cutting-edge solutions that cater to the evolving needs of our esteemed customers worldwide. Our vision is to strengthen our foothold in the industry and set new benchmarks for innovation and customer satisfaction." Result PDF08-08-2023
USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Financial Results - Newspaper Publication07-08-2023
USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Investor Presentation
Earnings Presentation for Q1 FY24 of the Company on the un-audited Financial Results for the quarter ended 30th June 202305-08-2023
USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release issued by the Company in respect of Un-audited Financial Statements for the quarter ended 30th June 2023.05-08-2023
USHA MARTIN LTD. - 517146 - Intimation Under Regulation 30 Of SEBI LODR
Intimation under Regulation 30 of SEBI LODR05-08-2023
USHA MARTIN LTD. - 517146 - Financial Results For Quarter Ended 30Th June 2023
Financial Results for Quarter ended 30th June 202305-08-2023
USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Credit Rating
We wish to inform you that India Ratings and Research Pvt. Ltd. has affirmed Long Term Issuer Rating and Short Term Credit facilities rating at ''IND A'' and ''IND A1'' respectively. The Outlook is positive.02-08-2023
USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We are enclosing herewith the details of Usha Martin's Q1FY24 Earnings Conference Call scheduled to be held on Tuesday, 8th August 2023 at 5:00 PM IST.31-07-2023