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CNBC TV18

Usha Martin Q1 net profit rises 40.7% to ₹142 crore as EBITDA jumps 43.8%

AI Market Summary
Usha Martin reported strong Q1 results, with net profit up 40.7% YoY, revenue up 16.4%, and EBITDA margin expanding to 20.1%, supporting a modest 1.55% gain in the stock. The update is positive for company-specific fundamentals but is unlikely to shift broader risk appetite or cross-asset positioning given its single-name, regional equity focus.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+0.47%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Usha Martin Ltd reported a 40.7% year-on-year rise in first-quarter net profit to ₹142 crore for FY2024, as EBITDA grew 43.8% to ₹208 crore. Revenue increased 16.4% to ₹1,033 crore and the EBITDA margin improved to 20.1%. The wire ropes maker operates manufacturing facilities in India, the UAE, Thailand and the UK. The stock closed up 1.55% at ₹502.95 on the day.
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