Usha Martin Q4 EBITDA Jumps 52% to INR 212 Crore

Usha Martin reported Q4 FY26 revenue of INR 979 crore, up 9.3% YoY, with operating EBITDA surging 52% to INR 212 crore.
The company achieved a net cash position of INR 332 crore, turning debt-free on a standalone basis, and generated strong operating cash flow of INR 736 crore.
Management outlined a growth-focused outlook for FY27, targeting 10-12% volume growth and sustaining margins around 20%, backed by a healthy order book.
Geopolitical disruptions in the Middle East were navigated effectively through proactive inventory management and cost pass-through mechanisms.