Usha Martin posts nearly 14% fall in Q3 PAT to Rs 92.57 crore
29 - Jan - 2025 12:00 | 91 days ago
Total expenses during the quarter rose by 13.1% YoY to Rs 752.10 crore. This was primarily due to higher raw material costs (up 11.3% YoY), higher employee expenses (up 4.4% YoY), and higher other expenses (up 22.5% YoY).
Profit before tax in Q3 FY25 stood at Rs 117.62 crore, down by 15.7% from Rs 139.59 crore in Q3 FY24.
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.
The scrip rose 2.68% to end at Rs 339.15 on the BSE today.
Usha Martin consolidated net profit declines 13.89% in the December 2024 quarter
29 - Jan - 2025 12:00 | 91 days ago
Net profit of Usha Martin declined 13.89% to Rs 92.57 crore in the quarter ended December 2024 as against Rs 107.50 crore during the previous quarter ended December 2023. Sales rose 7.96% to Rs 860.54 crore in the quarter ended December 2024 as against Rs 797.09 crore during the previous quarter ended December 2023.
Usha Martin consolidated net profit declines 13.89% in the December 2024 quarter
29 - Jan - 2025 12:00 | 91 days ago
Net profit of Usha Martin declined 13.89% to Rs 92.57 crore in the quarter ended December 2024 as against Rs 107.50 crore during the previous quarter ended December 2023. Sales rose 7.96% to Rs 860.54 crore in the quarter ended December 2024 as against Rs 797.09 crore during the previous quarter ended December 2023.
Usha Martin update on restructuring of subsidiaries
11 - Dec - 2024 12:00 | 140 days ago
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.
Usha Martin posts nearly 14% fall in Q3 PAT to Rs 92.57 crore
29 - Jan - 2025 12:00 | 91 days ago
Total expenses during the quarter rose by 13.1% YoY to Rs 752.10 crore. This was primarily due to higher raw material costs (up 11.3% YoY), higher employee expenses (up 4.4% YoY), and higher other expenses (up 22.5% YoY).
Profit before tax in Q3 FY25 stood at Rs 117.62 crore, down by 15.7% from Rs 139.59 crore in Q3 FY24.
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.
The scrip rose 2.68% to end at Rs 339.15 on the BSE today.
Usha Martin consolidated net profit declines 13.89% in the December 2024 quarter
29 - Jan - 2025 12:00 | 91 days ago
Net profit of Usha Martin declined 13.89% to Rs 92.57 crore in the quarter ended December 2024 as against Rs 107.50 crore during the previous quarter ended December 2023. Sales rose 7.96% to Rs 860.54 crore in the quarter ended December 2024 as against Rs 797.09 crore during the previous quarter ended December 2023.
Usha Martin update on restructuring of subsidiaries
11 - Dec - 2024 12:00 | 140 days ago
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.
Usha Martin posts nearly 14% fall in Q3 PAT to Rs 92.57 crore
29 - Jan - 2025 12:00 | 91 days ago
Total expenses during the quarter rose by 13.1% YoY to Rs 752.10 crore. This was primarily due to higher raw material costs (up 11.3% YoY), higher employee expenses (up 4.4% YoY), and higher other expenses (up 22.5% YoY).
Profit before tax in Q3 FY25 stood at Rs 117.62 crore, down by 15.7% from Rs 139.59 crore in Q3 FY24.
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.
The scrip rose 2.68% to end at Rs 339.15 on the BSE today.
Usha Martin consolidated net profit declines 13.89% in the December 2024 quarter
29 - Jan - 2025 12:00 | 91 days ago
Net profit of Usha Martin declined 13.89% to Rs 92.57 crore in the quarter ended December 2024 as against Rs 107.50 crore during the previous quarter ended December 2023. Sales rose 7.96% to Rs 860.54 crore in the quarter ended December 2024 as against Rs 797.09 crore during the previous quarter ended December 2023.
Usha Martin consolidated net profit declines 13.89% in the December 2024 quarter
29 - Jan - 2025 12:00 | 91 days ago
Net profit of Usha Martin declined 13.89% to Rs 92.57 crore in the quarter ended December 2024 as against Rs 107.50 crore during the previous quarter ended December 2023. Sales rose 7.96% to Rs 860.54 crore in the quarter ended December 2024 as against Rs 797.09 crore during the previous quarter ended December 2023.
Usha Martin update on restructuring of subsidiaries
11 - Dec - 2024 12:00 | 140 days ago
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.
