Usha Martin Reports Mixed Financial Results with Highest Sales in Five Quarters, Profitability Challenges Persist

Usha Martin, a midcap player in the Steel/Sponge Iron/Pig Iron industry, has released its financial results for the quarter ending March 2025. The company reported net sales of Rs 896.08 crore, marking the highest figure in the last five quarters, indicating a positive near-term sales trend. However, the financial landscape presents a mixed picture.
The profit before tax less other income (PBT) stood at Rs 109.47 crore, reflecting a decline of 13.3% compared to the average of the previous four quarters. This marks the lowest PBT recorded in the last five quarters, suggesting challenges in maintaining profitability. Additionally, the operating profit (PBDIT) was reported at Rs 139.57 crore, also the lowest in the same timeframe, with the operating profit margin decreasing to 15.58%, indicating a decline in operational efficiency.

On a positive note, non-operating income reached Rs 23.65 crore, the highest in the last five quarters, although the sustainability of this income from non-business activities remains uncertain. Overall, Usha Martin has experienced evaluation changes in its financial metrics, with a revision in its score reflecting these dynamics.

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