USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
The audio recording of the Earnings Conference Call held on 29th April 2024 is available on the website of the Company.29-04-2024
29-04-2024
Usha Martin Results Earnings Call for Q4FY24
Conference Call with Usha Martin Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.29-04-2024
Q4FY24 Quarterly & FY24 Annual Result Announced for Usha Martin Ltd.
Iron & Steel products company Usha Martin announced Q4FY24 & FY24 results: FY24 Financial Highlights: Revenues: FY24 revenues stood at Rs 3,225.2 crore, marking a slight decrease of 1.3% compared to FY23. Operating EBITDA: Operating EBITDA went up by 16.6% YoY to Rs 598.6 crore for FY24. Profit after Tax (PAT): PAT increased by 21.0% YoY to Rs 424.1 crore for FY24. Earnings Per Share (EPS): Basic EPS for FY24 was Rs 13.92, up from Rs 11.51 in FY23. Q4FY24 Financial Highlights: Revenue from Operations: Experienced a decline of 3.1%, with revenue dropping to Rs 829.0 crore in Q4FY24 from Rs 855.2 crore in Q4 FY23. Operating EBITDA: Slightly decreased by 1.6% to Rs 151.5 crore in Q4FY24. Operating EBITDA Margin: Improved slightly from 18.0% in Q4FY23 to 18.3% in Q4FY24. Profit Before Tax (PBT): PBT declined by 4.1% to Rs 136.4 crore in Q4FY24. Profit after Tax (PAT): Marginal increase by 1.0% to Rs 106.3 crore in Q4FY24. Earnings Per Share (EPS): Q4 EPS registered at Rs 3.49, slightly up from Rs 3.46 in the same period the previous year. Operational and Strategic Highlights: Operating Cash Flow: FY24 operating cash flow before tax stood at a robust Rs 560.5 crore, compared to Rs 345.5 crore in FY23, showing a strong year-over-year improvement. Capital Expenditure: The wave-1 capex program at the Ranchi facility is progressing and is expected to commence commercial operations from Q1 FY25, with a focus on enhancing the value-added segment. Strategic Initiatives: Included enhancements in value-added offerings, deeper engagement with OEMs, and expansion of international presence. Commenting on the performance Tapas Gangopadhyay, Non-Executive Director said, “We have concluded the financial year 2024 on a positive note with our robust operating cash flows reflecting strong performance. Despite facing macro-economic challenges, the Company managed to generate an 18.6% EBITDA margin during the year. Notably, our core wire ropes division continued to perform well and contributed 71% to our overall consolidated revenues. The wave-1 capex program at our Ranchi facility is progressing well and we anticipate commercial operations to commence from Q1 FY25 onwards. These new capacities are mainly focused on enhancing the Company's value-added segment. We expect the facility to be ramped up over the next 9-12 months and to contribute meaningfully to our performance over the next two years. FY24 also saw notable advancements in our strategic initiatives, including enhancements in value-added offerings, deepening engagement with OEMs and expansion of our international presence. As we move forward, Usha Martin’s solid foundation and strategic focus position us well to drive sustained growth, enabling us to strengthen our position as a leading global player in the wire rope sector. Additionally, our healthy balance sheet gives us the flexibility to support ongoing growth initiatives. Through targeted initiatives, we aim to create lasting value for all our stakeholders, foster innovation, and expand our reach across international markets.” Result PDF29-04-2024
USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Financial Results - Newspaper Publication28-04-2024
USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation26-04-2024
USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release issued by the Company in respect of the Audited Financial Result for the quarter and year ended 31st March 202426-04-2024
USHA MARTIN LTD. - 517146 - Corporate Action-Board approves Dividend
The Board at the its meeting held on 26th April 2024 has recommended Dividend of Rs.2.75 per equity share of Re.1/- each (275%) to the shareholders for the financial year ended 31st March 2024.26-04-2024
USHA MARTIN LTD. - 517146 - Announcement under Regulation 30 (LODR)-Change in Directorate
We wish to inform you that based on the recommendation of Nomination and Remuneration Committee, the Board of Directors at their meeting held on Friday, 26th April 2024 has approved re-appointment of Mrs. Ramni Nirula [DIN: 00015330] as Independent Director (Non Executive) for a second term with effect from 26th July 2024 upto 25th July 2029 subject to approval of shareholders at the forthcoming General Meeting.26-04-2024
USHA MARTIN LTD. - 517146 - Board Meeting Outcome for Outcome Of Board Meeting Held On 26Th April 2024
1. 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 2024. 2. The Board at the said meeting has also recommended Dividend of Rs. 2.75/- (Two Rupees and fifty paisa only) per Equity Share of Rs. 1/- each (275%) to the Shareholders for the financial year ended on 31st March 2024.26-04-2024
USHA MARTIN LTD. - 517146 - Results For Quarter And Financial Year Ended 31St March 2024
The Board of Directors at their meeting held on 26th April 2024 has : 1. approved audited financial results on standalone and consolidated basis for the quarter and year ended 31st March 2024 ; 2. recommended Dividend of Rs.2.75 per equity share to the shareholders for the financial year ended 31st March 2024.26-04-2024