Usha Martin announced that its wholly owned subsidiary in America, Usha Martin Americas Inc. (UMAI) has completed the acquisition of 2.02% stake in Usha Siam Steel Industries Public Company (USSIL), a subsidiary of the Company from Kobelco Wire Company. Consequent to the aforesaid acquisition, USSIL has become a step down wholly owned subsidiary of the Company.Powered by Capital Market - Live

Revenue from operations added 7.84% to Rs 891.17 crore in Q2 FY25 as against Rs 826.37 crore posted in Q1 FY25. On year on year basis, the company in Q2 FY25 recorded marginally decline in net profit as compared to Rs 109.3 crore in Q2 FY24. Revenue rose 13.6% YoY in Q2 FY25 from Rs 784.7 crore posted in Q2 FY24. Profit before tax was at Rs 141.4 crore in the second quarter of FY25, down 2.1% as against Rs 144.5 crore posted in Q2 FY24. EBITDA grew by 11.4% to Rs 160.8 crore in Q2 FY25 from Rs 144.3 crore in Q2 FY24. EBITDA margin for Q2 FY25 was 18% as against 18.4% in Q2 FY24. The company posted strong growth in the core wire rope segment (up by 19.2% YoY) and the wire & strand segment (up by 16.2% YoY) contributed positively to the revenue while revenue from LRPC segment declined (down by 6.7% YoY). On half year basis, the company's net profit rose 1.14% to Rs 213.2 crore on 7.4% jumped in revenue from operations to Rs 1,717.5 crore in H1 FY25 over H1 FY24. Rajeev Jhawar, MD said, 'I am pleased to share that we have delivered a resilient financial performance and strong operational execution in Q2 FY25. Usha Martin registered a 11.0% YoY growth in volumes and a 13.6% growth in topline, driven by a sharp recovery in domestic markets. Our focus on volume and value growth continues, and we remain confident in sustaining this momentum through the rest of the year, supported by a seasonally stronger second half. Additionally, we aim to maintain healthy EBITDA margins and bottom-line performance as we register growth in volumes and revenue. During the period, our core wire ropes division performed strongly, despite a traditionally softer quarter due to monsoon. The division recorded an impressive 18.5% growth in volumes and a 19.2% increase in revenue. With the expanded capacities, our teams across domestic and international markets are well-positioned to drive sales of high-quality wire ropes for critical applications. This should enable us to capture greater market share globally while consistently meeting clients' rigorous standards and remaining focused on delivering dependable solutions across essential sectors. As we move forward, our future capex initiatives are set to position us strongly to meet the needs of an evolving market and sustain our growth. The Company remains committed to advancing its strategic priorities, including enhancing value-added offerings, diversifying the product portfolio, modernizing plant operations and expanding global distribution and marketing efforts. With a robust portfolio and the inherent strengths of Usha Martin, we are confident in our ability to drive long-term growth and capitalize on emerging opportunities in the coming years.' Usha Martin is a specialty steel wire rope solutions provider. The company is also engaged in the manufacturing of high-quality wires, low relaxation prestressed concrete steel strand (LRPC), bespoke end-fitments, accessories and related services. Powered by Capital Market - Live

Net profit of Usha Martin rose 0.23% to Rs 109.72 crore in the quarter ended September 2024 as against Rs 109.47 crore during the previous quarter ended September 2023. Sales rose 13.57% to Rs 891.17 crore in the quarter ended September 2024 as against Rs 784.70 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales891.17784.70 14 OPM %18.0418.39 - PBDT164.20162.46 1 PBT141.41144.47 -2 NP109.72109.47 0 Powered by Capital Market - Live

Usha Martin will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live

Bandhan Bank Ltd, Rajesh Exports Ltd, Just Dial Ltd, Anand Rathi Wealth Ltd are among the other stocks to see a surge in volumes on NSE today, 11 October 2024.Usha Martin Ltd saw volume of 357.03 lakh shares by 14:14 IST on NSE, a 49.14 fold spurt over two-week average daily volume of 7.27 lakh shares. The stock increased 11.64% to Rs.409.90. Volumes stood at 17.64 lakh shares in the last session.Bandhan Bank Ltd recorded volume of 1021.39 lakh shares by 14:14 IST on NSE, a 9.47 times surge over two-week average daily volume of 107.84 lakh shares. The stock gained 9.78% to Rs.206.05. Volumes stood at 53.78 lakh shares in the last session.Rajesh Exports Ltd clocked volume of 26.52 lakh shares by 14:14 IST on NSE, a 8.84 times surge over two-week average daily volume of 3.00 lakh shares. The stock gained 4.24% to Rs.288.60. Volumes stood at 1.64 lakh shares in the last session.Just Dial Ltd saw volume of 31.52 lakh shares by 14:14 IST on NSE, a 6.49 fold spurt over two-week average daily volume of 4.86 lakh shares. The stock increased 3.87% to Rs.1,319.30. Volumes stood at 3.58 lakh shares in the last session.Anand Rathi Wealth Ltd witnessed volume of 3.49 lakh shares by 14:14 IST on NSE, a 5.49 times surge over two-week average daily volume of 63595 shares. The stock dropped 0.01% to Rs.4,054.00. Volumes stood at 75908 shares in the last session.Powered by Capital Market - Live

Ashapura Minechem Ltd, Bandhan Bank Ltd, Neuland Laboratories Ltd and Triveni Turbine Ltd are among the other gainers in the BSE's 'A' group today, 11 October 2024.Usha Martin Ltd soared 15.43% to Rs 423.85 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 9.18 lakh shares were traded on the counter so far as against the average daily volumes of 36475 shares in the past one month. Ashapura Minechem Ltd spiked 10.84% to Rs 327.75. The stock was the second biggest gainer in 'A' group. On the BSE, 17083 shares were traded on the counter so far as against the average daily volumes of 22892 shares in the past one month. Bandhan Bank Ltd surged 10.23% to Rs 206.95. The stock was the third biggest gainer in 'A' group. On the BSE, 55.05 lakh shares were traded on the counter so far as against the average daily volumes of 7.44 lakh shares in the past one month. Neuland Laboratories Ltd gained 9.90% to Rs 13738.85. The stock was the fourth biggest gainer in 'A' group. On the BSE, 5318 shares were traded on the counter so far as against the average daily volumes of 2246 shares in the past one month. Triveni Turbine Ltd advanced 7.69% to Rs 801.5. The stock was the fifth biggest gainer in 'A' group. On the BSE, 88990 shares were traded on the counter so far as against the average daily volumes of 37131 shares in the past one month. Powered by Capital Market - Live

Bandhan Bank Ltd, Anand Rathi Wealth Ltd, Rajesh Exports Ltd, Cummins India Ltd are among the other stocks to see a surge in volumes on BSE today, 11 October 2024.Usha Martin Ltd witnessed volume of 4.84 lakh shares by 10:47 IST on BSE, a 10.48 times surge over two-week average daily volume of 46175 shares. The stock increased 11.48% to Rs.409.35. Volumes stood at 46374 shares in the last session.Bandhan Bank Ltd saw volume of 35.1 lakh shares by 10:47 IST on BSE, a 5.03 fold spurt over two-week average daily volume of 6.97 lakh shares. The stock increased 9.24% to Rs.205.10. Volumes stood at 7.75 lakh shares in the last session.Anand Rathi Wealth Ltd notched up volume of 10740 shares by 10:47 IST on BSE, a 2.96 fold spurt over two-week average daily volume of 3623 shares. The stock rose 1.09% to Rs.4,100.00. Volumes stood at 2941 shares in the last session.Rajesh Exports Ltd clocked volume of 70109 shares by 10:47 IST on BSE, a 2.68 times surge over two-week average daily volume of 26142 shares. The stock gained 4.79% to Rs.290.00. Volumes stood at 8316 shares in the last session.Cummins India Ltd clocked volume of 17612 shares by 10:47 IST on BSE, a 1.9 times surge over two-week average daily volume of 9257 shares. The stock lost 4.77% to Rs.3,601.00. Volumes stood at 4283 shares in the last session.Powered by Capital Market - Live

Net profit of Usha Martin rose 3.36% to Rs 104.11 crore in the quarter ended June 2024 as against Rs 100.73 crore during the previous quarter ended June 2023. Sales rose 1.47% to Rs 826.37 crore in the quarter ended June 2024 as against Rs 814.38 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales826.37814.38 1 OPM %18.6417.89 - PBDT156.44146.73 7 PBT134.70129.10 4 NP104.11100.73 3 Powered by Capital Market - Live

Usha Martin will hold a meeting of the Board of Directors of the Company on 12 August 2024.Powered by Capital Market - Live