Usha Martin Limited — quarter and year ended 31st March, 2026
| Particulars | Quarter ended 31st March, 2026 Audited (Refer note 5) | Quarter ended 31st December, 2025 Unaudited | Quarter ended 31st March, 2025 Audited (Refer note 5) | Year ended 31st March, 2026 Audited | Year ended 31st March, 2025 Audited |
|---|---|---|---|---|---|
| Continuing Operations | |||||
| 1 Revenue from operations | 97,926 | 91,705 | 89,608 | 3,69,106 | 3,47,416 |
| 2 Other income (Refer note 11) | 2,666 | 410 | 2,365 | 6,888 | 3,939 |
| 3 Total income [1+2] | 1,00,592 | 92,115 | 91,973 | 3,75,994 | 3,51,355 |
| 4 Expenses | |||||
| a) Cost of materials consumed | 44,266 | 43,920 | 47,257 | 1,74,928 | 1,79,150 |
| b) Purchases of stock-in-trade | 162 | 139 | 775 | 819 | 3,130 |
| c) Changes in inventories of finished goods, work-in-progress, stock-in-trade and scrap/by product | 3,113 | 2,430 | 268 | 11,003 | (7,275) |
| d) Employee benefits expense | 12,194 | 11,425 | 11,634 | 46,049 | 47,433 |
| e) Finance costs | 352 | 477 | 654 | 1,963 | 2,955 |
| f) Depreciation and amortisation expense | 3,124 | 2,881 | 2,776 | 11,640 | 9,786 |
| g) Other expenses | 17,038 | 16,197 | 15,717 | 65,799 | 65,272 |
| Total expenses | 80,249 | 77,469 | 79,081 | 3,12,201 | 3,00,451 |
| 5 Share of profit of joint ventures, net of tax | 446 | 465 | 420 | 1,851 | 1,781 |
| 6 Profit before exceptional item and tax from continuing operations [3-4+5] | 20,789 | 15,111 | 13,312 | 65,644 | 52,685 |
| 7 Exceptional item (Refer note 8) | 352 | 1,335 | – | 1,687 | – |
| 8 Profit before tax from continuing operations [6-7] | 20,437 | 13,776 | 13,312 | 63,957 | 52,685 |
| 9 Tax expense: | |||||
| a) Current tax | 3,982 | 3,023 | 2,290 | 13,390 | 10,777 |
| b) Adjustment of tax relating to earlier periods | (885) | (140) | (23) | (1,608) | (24) |
| c) Deferred tax charge | 1,828 | 126 | 954 | 3,055 | 1,300 |
| Total Tax expense [a+b+c] | 4,925 | 3,009 | 3,221 | 14,837 | 12,053 |
| 10 Profit for the period/year after tax from continuing operations [8-9] | 15,512 | 10,767 | 10,091 | 49,120 | 40,632 |
| Discontinued operations (Refer note 6) | |||||
| Loss for the period/year before tax from discontinued operations | (948) | – | – | (2,728) | – |
| Tax credit of discontinued operations | 239 | – | – | 239 | – |
| 11 Loss for the period/year from discontinued operations | (709) | – | – | (2,489) | – |
| 12 Profit for the period/year after tax [10+11] | 14,803 | 10,767 | 10,091 | 46,631 | 40,632 |
| 13 Other comprehensive income / (loss) | |||||
| A (i) Items that will not be reclassified to profit or loss | 218 | 77 | (269) | 184 | (273) |
| (ii) Income tax relating to items that will not be reclassified to profit or loss | (45) | (18) | 56 | (41) | 57 |
| B Items that will be reclassified to profit or loss | 6,084 | 2,369 | 1,771 | 17,872 | 5,587 |
| Total other comprehensive income | 6,257 | 2,428 | 1,558 | 18,015 | 5,371 |
| 14 Total comprehensive income for the period/year [12+13] | 21,060 | 13,195 | 11,649 | 64,646 | 46,003 |
| 15 Profit/(Loss) for the period/year attributable to: | |||||
| Equity shareholders of the parent | 14,780 | 10,755 | 10,099 | 46,599 | 40,739 |
| Non controlling interest | 23 | 12 | (8) | 32 | (107) |
| 16 Other comprehensive income/(loss) attributable to: | |||||
| Equity shareholders of the parent | 6,257 | 2,428 | 1,558 | 18,015 | 5,309 |
| Non controlling interest | * | * | 1 | * | 62 |
| 17 Total comprehensive income/(loss) for the period/year attributable to: | |||||
| Equity shareholders of the parent | 21,037 | 13,183 | 11,657 | 64,614 | 46,048 |
| Non controlling interest | 23 | 12 | (8) | 32 | (45) |
| 18 Paid-up equity share capital (face value of Re 1/- each) (Refer note 9) | 3,051 | 3,051 | 3,052 | 3,051 | 3,052 |
| 19 Other equity | 3,27,142 | 2,72,136 | |||
| 20 Earnings per equity share (Rs.) | |||||
| For Continuing Operations | |||||
| Basic (Rs.) | 5.09 # | 3.53 # | 3.32 | 16.12 | 13.37 |
| Diluted (Rs.) (Refer note 9) | 5.08 # | 3.53 # | 3.32 | 16.11 | 13.37 |
| For Discontinued Operations | |||||
| Basic (Rs.) | (0.24) # | – | – | (0.82) | – |
| Diluted (Rs.) | (0.24) # | – | – | (0.82) | – |
| Particulars | As at 31st March, 2026 (Audited) | As at 31st March, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non – current assets | ||
| (a) Property, plant and equipment | 1,47,958 | 1,26,456 |
| (b) Capital work-in-progress | 8,886 | 11,733 |
| (c) Goodwill on consolidation | 5,522 | 5,522 |
| (d) Other intangible assets | 824 | 800 |
| (e) Right-of-use assets | 8,155 | 7,805 |
| (f) Intangible assets under development | 19 | 74 |
| (g) Investment accounted for using the equity method | 7,912 | 6,781 |
| (h) Financial assets | ||
| (i) Investments | 20 | 20 |
| (ii) Loans | 413 | 456 |
| (iii) Other financial assets | 3,167 | 3,489 |
| (i) Income tax assets (net) | 1,470 | 3,617 |
| (j) Deferred tax assets (net) | 932 | 1,648 |
| (k) Other assets | 7,901 | 7,981 |
| Total non-current assets | 1,93,179 | 1,76,382 |
| Current assets | ||
| (a) Inventories | 95,782 | 98,491 |
| (b) Financial assets | ||
| (i) Trade receivables | 64,342 | 52,763 |
| (ii) Cash and cash equivalents | 24,184 | 26,072 |
| (iii) Other bank balances | 23,596 | 1,403 |
| (iv) Loans | 183 | 150 |
| (v) Other financial assets (refer note 6) | 8,344 | 10,495 |
| (c) Other assets | 11,572 | 8,246 |
| Total current assets | 2,28,003 | 1,97,620 |
| Assets held for sale | – | 792 |
| Total assets | 4,21,182 | 3,74,794 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| (a) Equity share capital (refer note 9) | 3,051 | 3,052 |
| (b) Other equity | 3,27,142 | 2,72,136 |
| Equity attributable to equity shareholders of the parent | 3,30,193 | 2,75,188 |
| Non-controlling interest | 15 | (17) |
| Total Equity | 3,30,208 | 2,75,171 |
| Liabilities | ||
| Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 2,413 | 14,540 |
| (ii) Lease liabilities | 6,691 | 6,807 |
| (iii) Other financial liabilities | 43 | 48 |
| (b) Provisions | 5,627 | 4,587 |
| (c) Deferred tax liabilities (net) | 6,639 | 4,143 |
| Total non-current liabilities | 21,413 | 30,125 |
| Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 12,141 | 19,216 |
| (ii) Lease liabilities | 1,612 | 1,108 |
| (iii) Trade payables | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 1,272 | 1,122 |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 29,823 | 25,502 |
| (iv) Other financial liabilities (refer note 6) | 9,849 | 6,624 |
| (b) Other liabilities | 9,328 | 10,089 |
| (c) Provisions | 1,648 | 1,561 |
| (d) Current tax liabilities (net) | 3,888 | 4,276 |
| Total current liabilities | 69,561 | 69,498 |
| Total liabilities | 90,974 | 99,623 |
| Total equity and liabilities | 4,21,182 | 3,74,794 |
| Description | Year ended 31st March, 2026 (Audited) | Year ended 31st March, 2025 (Audited) |
|---|---|---|
| A. Cash flows from operating activities | ||
| Profit before tax from continuing operations (including share of profit of joint ventures) | 63,957 | 52,685 |
| Loss before tax from discontinued operations | (2,728) | – |
| Adjustments for: | ||
| Depreciation and amortisation expense | 11,640 | 9,786 |
| Gain on disposal of property, plant and equipment [net of loss on disposal of property, plant and equipment of Rs. 103 lakhs (31st March 2025: Rs. 8 lakhs)] | (2,383) | (169) |
| Share of profit of joint ventures | (1,851) | (1,781) |
| Unrealised derivative loss / (gain) (net) | 182 | 1 |
| Net gain on sale of current investment | (159) | – |
| Finance costs | 1,963 | 2,955 |
| Bad Debts /advances written off | 73 | 196 |
| Allowance / write back for credit impaired debts and advances | 361 | (229) |
| Property, plant and equipment written off | 386 | 312 |
| Interest income on financial assets carried at amortised cost | (1,229) | (599) |
| Interest on income tax refund | (1,963) | – |
| Unrealised foreign exchange differences (net) | (390) | (86) |
| Effect of change in foreign exchange translation | 7,779 | 1,629 |
| Liabilities no longer required written back | (111) | (2,291) |
| Discounting of financial assets | 985 | – |
| Share-based payment expense | 180 | 38 |
| Operating profit before changes in non-current / current assets and liabilities | 76,692 | 62,447 |
| Adjustments for: | ||
| (Increase) / decrease in inventories | 2,709 | (9,529) |
| (Increase) / decrease in trade receivables | (11,331) | 1,131 |
| (Increase) / decrease in loans and advances | (27) | 25 |
| (Increase) / decrease in other financial assets | 1,286 | (1,279) |
| (Increase) / decrease in other assets | (3,637) | 796 |
| Increase / (decrease) in trade payables | 4,558 | 2,143 |
| Increase / (decrease) in provisions | 1,311 | (91) |
| Increase / (decrease) in other financial liabilities | 2,693 | (706) |
| Increase / (decrease) in other liabilities | (660) | (845) |
| Cash generated from operations | 73,594 | 54,092 |
| Direct taxes (paid)/refund (net) | (8,060) | (11,916) |
| Net cash flows from operating activities | 65,534 | 42,176 |