Iron & Steel Products company Usha Martin announced Q2FY26 results Revenue from operations increased by 1.8% to Rs 907.6 crore in Q2FY26. Q2FY26 Operating EBITDA stood at Rs 173.0 crore as against Rs 160.8 crore, higher by 7.6%. Operating EBITDA margin stood at 19.1% in Q2FY26 compared to 18.0% in Q2 FY25. In Q2FY26, PBT amounted to Rs 167.8 crore, a 18.7% increase from Rs 141.4 crore. PAT from continued operations increased by 16.7% at Rs 127.6 crore in Q2FY26. Basic EPS from continued operations stood at Rs 4.19 for the quarter. Rajeev Jhawar, Managing Director, said: “We are pleased to report a healthy performance this quarter, with a revenue of Rs 907.6 crore, highest oEBITDA of Rs 173 crore (since the sale of steel business) and EBITDA margins of 19.1%, despite a challenging global environment. A favorable product mix supported our operating results in Q2FY26. Additionally, we see benefits of our ‘One Usha Martin’ program, which is driving sharper cost controls, greater agility and improved execution across the Group. On the balance sheet front, we paid Rs 157 crore of debt during the quarter entirely through internal accruals. This has been possible due to strong operating cash flow generation during H1FY26. oEBITDA to operating cash flows (before tax) stood at 123% with cash flow generation of Rs 390 crore. As a result, our net cash position stood at Rs 111 crore and ROCE of 20.3% from continued operations. We expect the second half of FY26 to be stronger as the impact of our ongoing initiatives becomes more visible. With an expanding product portfolio and increasing customer acceptance across regions, we are enhancing our position in the global arena. Our R&D; efforts remain centered on developing advanced, application-specific products to capture a larger share of high-value markets. Backed by improved cost competitiveness and operational efficiency, we believe we are now in a stronger position to build on this momentum and deliver stronger performance going forward.” Result PDF