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USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 In continuation to our intimation dated 26th April 2023, pursuant to Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding Conference Call with Investors and Analysts, please be informed that due to unavoidable circumstances, the said Earnings Conference Call has been re-scheduled, and shall now be held at 10:30 A.M. (IST) (instead of 2 P.M. IST, as intimated earlier) on Wednesday, 3rd May 2023. Details of the Earnings Conference Call with Investors and Analysts are enclosed herewith.The same is also being uploaded on the website of the Company at www.ushamartin.com. You are requested to take the same on record.
29-04-2023
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Q4FY23 Quarterly & FY23 Annual Result Announced for Usha Martin Ltd.

 Iron & Steel Products company Usha Martin announced Q4FY23 & FY23 results: Q4FY23 vs Q4FY22: Revenue from operations were up by 11.6% YoY to Rs 855.2 crore Operating EBITDA stood at Rs 154.0 crore as against Rs 106.7 crore, increasing 44.3% on a YoY basis Operating EBITDA margin for the quarter was 18.0% vs. 13.9% YoY EBITDA margins including other income stood at 19.3% in Q4FY23 as against 14.7% in Q4FY22 PAT stood at Rs 105.3 crore as against Rs 108.7 crore, down by 3.1 % on a YoY basis Basic EPS stood at Rs 3.46 as against Rs 3.57 FY23 vs FY22: Revenue from Operations were up by 21.6% YoY to Rs 3,267.8 crore Operating EBITDA stood at Rs 513.3 crore as against Rs 383.7 crore, increasing 33.8% on a YoY basis Operating EBITDA margin for the period was 15.7% vs. 14.3% YoY EBITDA margins including other income stood at 16.6% in FY23 as against 15.6% in FY22 PAT stood at Rs 350.6 crore as against Rs 291.4 crore, up by 20.3% on a YoY basis Basic EPS stood at Rs 11.51 as against Rs 9.56 Commenting on the performance, Tapas Gangopadhyay, Director said: “We have ended the year on a strong note, delivering healthy revenue and operating EBITDA growth of 22% and 34%, respectively, during FY23. Our international operations, which made up 55% of our FY23 revenue, registered an exceptional 34% year-on-year increase in revenue. The Company not only made substantial progress in growing its international presence but also made significant strides in other strategic initiatives, including increasing its value-added offerings, expanding its global distribution network, diversifying its product portfolio and modernizing its facilities. The ongoing strategic focus on expanding our presence across diverse critical applications and value-added solution-based offerings largely enabled us to achieve an operating EBITDA margin of 18% during Q4FY23. We are also pleased to report that the Company has made notable progress in the modernization and expansion programme of its production facilities at Ranchi, with a specific focus on value-added products such as mining ropes, non-rotating ropes, compacted ropes and plasticated ropes. Looking ahead, we believe that Usha Martin has all the elements in place to capitalize on the increasing demand for its products, both in international and domestic markets. Our robust in-house manufacturing and R&D; capabilities, strong brand recognition, diverse product portfolio, expansive global network and healthy balance sheet continue to position us well for growth. We are confident in our ability to leverage these strengths and remain committed to delivering value to our customers and stakeholders." Result PDF
28-04-2023
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Annual report for Usha Martin Ltd. for FY-2023
28-04-2023
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USHA MARTIN LTD. - 517146 - Disclosure Of Related Party Transactions For The Half Year Ended March 31, 2023.

 In terms of Regulation 23(9) of the LODR Regulations, we enclose herewith disclosure of Related Party Transactions on a consolidated basis, in the format specified in the relevant accounting standards for the half year ended March 31, 2023.
27-04-2023
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USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 enclosed herewith is the Press Release issued by the Company in respect of the Audited Financial Results of the Company for the quarter and year ended 31st March 2023.
27-04-2023
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USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Investor Presentation

 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), please find enclosed an investor presentation of the Company on the Audited Financial Results of the Company for the quarter and year ended 31st March 2023.
27-04-2023
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USHA MARTIN LTD. - 517146 - Corporate Action-Board approves Dividend

 The Board at its meeting held on 27th April 2023 has recommended Dividend of Rs. 2.50 (Two Rupees Fifty paise only) per Equity Share of Rs. 1/- each (250%) to the Shareholders for the financial year ended 31st March 2023
27-04-2023
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USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Change in Directorate

 We wish to inform you that the Board of Directors of the Company at their meeting held on 27th April 2023 has approved: (i) Re-appointment of Mr. V S Bapna as Independent Director (Non-Executive) for a second term of 5 consecutive years effective from 27.05.23 subject to requisite approvals under applicable laws. He shall continue to be Non Executive Chairman of the Company. (ii) Re-appointment of Mr. R Jhawar as Managing Director for a term of 5 years effective from 19.05.23 subject to requisite approvals under applicable laws. (iii) Appointment of Mr. S K Modak as Whole Time Director for a term of 5 years effective from 27.04.23 subject to requisite approvals under applicable laws. (iv) Appointment of Mr.Tapas Gangopadhyay as Non-Executive Director effective from 27.04.23 subject to requisite approvals under applicable laws (v) Acceptance of resignation of Mr. Devadip Bhowmik [DIN: 08656505] from the office of Whole-Time Director due to personal reasons with immediate effect.
27-04-2023
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USHA MARTIN LTD. - 517146 - Financial Results (On Standalone And Consolidated Basis) For The Quarter And Year Ended 31St March 2023

 The Board of Directors of the Company at their meeting held today has approved and taken on record audited financial results on standalone and consolidated basis for the quarter and year ended 31st March 2023.
27-04-2023
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USHA MARTIN LTD. - 517146 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A

 Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyUSHA MARTIN LTD. 2CIN NO.L31400WB1986PLC091621 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 173.28 4Highest Credit Rating during the previous FY INDA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)INDIA RATINGS AND RESEARCH PVT. LTD. 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: SHAMPA GHOSH RAY Designation: COMPANY SECRETARY EmailId: investor@ushamartin.co.in Name of the Chief Financial Officer: ANIRBAN SANYAL Designation: CHIEF FINANCIAL OFFICER EmailId: investor@ushamartin.co.in Date: 27/04/2023 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
27-04-2023
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