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Usha Martin Limited Q2 FY26 results press release summary
NSE: USHAMART · BSE: 517146
Results press release of 8 Nov 2025, summarised by AI from the filing.
Management expects the second half of FY26 to be stronger as ongoing initiatives become more visible.
Key takeaways
- H2 FY26 outlook Management expects the second half of FY26 to be stronger as ongoing initiatives become more visible.
- Debt reduction Paid ₹157 cr of debt during the quarter entirely through internal accruals.
- Growth drivers Favorable product mix and benefits of the ‘One Usha Martin’ program driving cost controls and execution.
- Risk Challenging global environment.
Usha Martin Limited Q1 FY27 results
As filed: Revenue ₹1,033 cr (+16% year on year), EBITDA ₹208 cr (+43% year on year), PAT ₹142 cr (+41% year on year), EBITDA margin 20.1% (+379 bps).
The Q1 FY27 score, against the company's own trend, is for premium members.
Earlier results and the share price after them
- Q4 FY26: Revenue ₹979 cr (+9% year on year), EBITDA ₹212 cr (+51% year on year), PAT ₹148 cr (+47% year on year), EBITDA margin 21.6% (+598 bps). Score 88 of 100, Above trend. Revenue growth was above the company's own trend; EBITDA and profit growth were well above it. EBITDA margin rose 598 bps year on year. Share price after the results: +9.6% in 29 days (Nifty 500: −0.9%).
- Q3 FY26: Revenue ₹917 cr (+7% year on year), EBITDA ₹176 cr (+23% year on year), PAT ₹108 cr (+31% year on year), EBITDA margin 19.2% (+258 bps). Score 75 of 100, Above trend. Revenue growth was above the company's own trend; EBITDA and profit before exceptional items growth were well above it. EBITDA margin rose 258 bps year on year. Profit fell 10% from last quarter. Share price after the results: +2.4% in 29 days (Nifty 500: +0.1%).
- Q2 FY26: Revenue ₹908 cr (+2% year on year), EBITDA ₹173 cr (+7% year on year), PAT ₹110 cr (+1% year on year), EBITDA margin 19.1% (+98 bps). Score 51 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA growth was above it; profit growth was in line with it. EBITDA margin rose 98 bps year on year. Share price after the results: −11.7% in 30 days (Nifty 500: 0.0%).
- Q1 FY26: Revenue ₹887 cr (+7% year on year), EBITDA ₹145 cr (−6% year on year), PAT ₹101 cr (−3% year on year), EBITDA margin 16.4% (−242 bps). Score 44 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 242 bps year on year. Share price after the results: +9.5% in 30 days (Nifty 500: +2.4%).
- Q4 FY25: Revenue ₹896 cr (+8% year on year), EBITDA ₹140 cr (−9% year on year), PAT ₹101 cr (−5% year on year), EBITDA margin 15.6% (−283 bps). Score 42 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was well below it; profit growth was below it. EBITDA margin fell 283 bps year on year. Share price after the results: +5.9% in 30 days (Nifty 500: +7.7%).
- Q3 FY25: Revenue ₹861 cr (+8% year on year), EBITDA ₹143 cr (−9% year on year), PAT ₹92.0 cr (−15% year on year), EBITDA margin 16.6% (−309 bps). Score 33 of 100, Below trend. Revenue growth was above the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 309 bps year on year. Revenue fell 3% from last quarter.
- Q2 FY25: Revenue ₹891 cr (+14% year on year), EBITDA ₹161 cr (+12% year on year), PAT ₹109 cr (−1% year on year), EBITDA margin 18.1% (−27 bps). Score 46 of 100, In line with trend. EBITDA margin fell 27 bps year on year. Not enough history for a trend yet: scored on growth alone.
Past price moves after results do not indicate future moves. Not a recommendation.
Usha Martin Limited earnings call, investor presentation and press release summaries
- Q1 FY27: Earnings call (28 Jul 2026), Results press release (27 Jul 2026)
- Q4 FY26: Earnings call (30 Apr 2026), Results press release (30 Apr 2026)
- Q3 FY26: Earnings call (30 Jan 2026), Results deck (29 Jan 2026), Results press release (29 Jan 2026)
- Q2 FY26: Earnings call (10 Nov 2025), Results deck (8 Nov 2025), Results deck (27 Nov 2025), Results press release (8 Nov 2025)
- Q1 FY26: Earnings call (13 Aug 2025), Earnings call (13 Aug 2025), Results deck (12 Aug 2025), Results press release (12 Aug 2025)
- Q4 FY25: Earnings call (13 May 2025), Results deck (12 May 2025), Results press release (12 May 2025)
Figures from the company's filings with NSE and BSE. Not investment advice.