Summary of Key Information:
Reporting Period: Quarter ended 30th June 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Audit Opinion:
Limited Review Report with Emphasis of Matter paragraph regarding ongoing ED and CBI investigations
Key Financial Highlights [Amounts in ₹ lakhs]:
Consolidated Results:
Revenue from Operations: ₹103,300 lakhs
Total Income: ₹103,300 lakhs
Net Profit: ₹14,204 lakhs
EPS: ₹4.66 (Basic and Diluted)
Other Equity: Not specified in quarterly results
Cash and Cash Equivalents: Not specified in quarterly results
Debt: Not specified in quarterly results
Standalone Results:
Revenue from Operations: ₹51,982 lakhs
Total Income: ₹51,982 lakhs
Net Profit: ₹9,760 lakhs
EPS: ₹3.21 (Basic), ₹3.20 (Diluted)
Other Equity: Not specified in quarterly results
Cash and Cash Equivalents: Not specified in quarterly results
Debt: Not specified in quarterly results
Segment-wise Performance:
Consolidated Segment Revenue:
Wire & Wire Ropes: ₹102,110 lakhs
Others: ₹1,190 lakhs
Total Revenue from Continuing Operations: ₹103,300 lakhs
Consolidated Segment Results:
Wire & Wire Ropes Profit: ₹19,206 lakhs
Others Loss: ₹(22) lakhs
Total Profit before finance costs: ₹19,184 lakhs
Segment Assets (Consolidated):
Wire & Wire Ropes: ₹377,193 lakhs
Others: ₹6,560 lakhs
Unallocated: ₹58,519 lakhs
Total Assets: ₹442,272 lakhs
Segment Liabilities (Consolidated):
Wire & Wire Ropes: ₹62,368 lakhs
Others: ₹1,845 lakhs
Unallocated: ₹34,760 lakhs
Total Liabilities: ₹98,973 lakhs
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced in this filing.
Other Significant Information:
Discontinued Operations:
Steel and Bright Bar Business (SBB Business) was transferred to Tata Steel Long Products Limited (formerly Tata Sponge Iron Limited) in a prior year. Amount receivable: ₹6,498 lakhs (net of discounting) as of June 30, 2026, pending land registration.
Employee Stock Option Plan:
Usha Martin Limited Employee Stock Option Plan 2024 approved on August 12, 2024. Company acquired 341,500 shares through ESOP Trust.
Exceptional Items:
Incremental impact of New Labour Codes consisting of gratuity and leave liability presented as exceptional item in previous quarters.
Subsidiaries and Joint Ventures:
Consolidated results include 19 subsidiaries and 2 joint ventures. Subsidiaries contributed revenue of ₹63,843 lakhs and net profit of ₹4,083 lakhs. Joint ventures contributed share of net profit of ₹497 lakhs.