Conference Call with Usha Martin Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Iron & Steel products company Usha Martin announced Q1FY25 results: Revenue from operations increased by 1.5% to Rs 826.4 crore in Q1FY25 Q1FY25 Operating EBITDA stood at Rs 154.0 crore as against Rs 145.7 crore, higher by 5.7% Operating EBITDA margin was recorded at 18.6% in Q1FY25 compared to 17.9% in Q1 FY24 EBITDA margins including other income for Q1FY25 stood at 19.2%, compared to 18.3% in Q1 FY24 In Q1FY25, PBT amounted to Rs 134.7 crore, a 4.3% YoY increase from Rs 129.1 crore PAT amounted to Rs 103.8 crore in Q1FY25 from Rs 100.8 crore, up 3.1% Basic EPS stood at Rs 3.42 for the quarter as against Rs 3.31 Commenting on the performance Rajeev Jhawar, Managing Director said, “In the backdrop of challenging macroeconomic conditions, Usha Martin commenced FY25 on a positive note, reporting revenues of ~Rs. 826 crore and achieving an operating EBITDA margin of 18.6%. Our core wire ropes division continued to perform well, contributing 72% to our overall consolidated revenues. During this quarter our primary focus was on ramping up the newly established lines for our value-added products. As we enhance utilization levels, we anticipate a stronger performance in the second half of the year. In the face of global headwinds, our strategy in our international operations remains to enhance our reach and capture market share by delivering world-class quality products and services. Our integration of international businesses with Indian operations continues to drive growth synergies, further strengthening our position. Domestically, with infrastructure projects such as bridges, ropeways, and high-speed railways, along with the expansion in tier-2 and tier-3 cities, we are optimistic about the potential of the domestic market as well. Overall, the business pipeline remains promising in both overseas and Indian markets, particularly for our high-end specialty offerings. Looking ahead, our focus remains on value-driven volume expansion to enhance our operational and financial performance. We anticipate maintaining the development momentum as we build on progress from multiple growth initiatives. With world-class capabilities and inherent strengths Usha Martin has developed over six decades, we believe we are well-positioned to create sustainable value for all stakeholders.” Result PDF