Usha Martin Q4 PAT Surges 53.7% to Rs 155.1 Crore

Usha Martin reported Q4 FY26 revenue growth of 9.3% YoY to Rs 979.3 crore with operating EBITDA surging 51.6% to Rs 211.5 crore.
Full-year FY26 performance showed revenue of Rs 3,691.1 crore (up 6.2%) and operating EBITDA of Rs 705.1 crore (up 18.1%) with margin expansion to 19.1%.
The company moved from net debt of Rs 63 crore in FY25 to net cash of Rs 332 crore in FY26, generating free cash flow of Rs 457 crore.
Management cited improved product mix and cost discipline driving performance despite geopolitical tensions and higher raw material costs.