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Usha Martin Ltd News

Praj, Delta Corp: Trading strategies for 5 overbought NSE smallcap stocks

Outlook on Nifty smallcap stocks: Delta Corp, Eris Life, Praj and Usha Martin can rally up to 28 per cent, while Symphony may witness a corrective move in the near-term; suggests technical charts.

Praj, Delta Corp: Trading strategies for 5 overbought NSE smallcap stocks
Updated On : 14 Jun 2024 | 9:48 AM IST

Usha Martin Q4 result: PAT rises 1% to Rs 106 cr, income falls to Rs 838 cr

Usha Martin on Friday reported a marginal 1 per cent rise in consolidated profit after tax (PAT) to Rs 106.33 crore for the March quarter of FY24. The company had posted a PAT of Rs 105.32 crore in the year-ago period, Usha Martin said in a filing to the BSE. The consolidated income in the January-March period declined to Rs 838.5 crore from Rs 866.5 crore in the year-ago period. Commenting on the performance, Usha Martin Non-Executive Director Tapas Gangopadhyay said, "We have concluded the financial year 2023-24 on a positive note with our robust operating cash flows, reflecting strong performance." Despite facing macro-economic challenges, the company managed to generate an 18.6 per cent EBITDA margin during the year, he said. "Notably, our core wire ropes division continued to perform well and contributed 71 per cent to our overall consolidated revenues," Gangopadhyay added. Usha Martin is a leading specialty steel wire rope solutions provider.

Usha Martin Q4 result: PAT rises 1% to Rs 106 cr, income falls to Rs 838 cr
Updated On : 26 Apr 2024 | 11:20 PM IST

Usha Martin Q3 results: Profit rises 28% to Rs 107 cr on reduced expenses

Usha Martin on Tuesday posted a 28 per cent rise in its consolidated net profit at Rs 107.51 crore in the December quarter due to reduced expenses. It had clocked a profit of Rs 84.07 crore in the October-December period of 2022-23, the company said in an exchange filing. The company's total income fell to Rs 802.98 crore over Rs 838.03 crore a year ago. Its total expenses were trimmed to Rs 665.09 crore from Rs 731.28 crore in the third quarter of last fiscal. Usha Martin's wire rope manufacturing facilities in Ranchi, Hoshiarpur, Dubai, Bangkok and, the UK produce the widest range of wire ropes that find application in various industries across the world.

Usha Martin Q3 results: Profit rises 28% to Rs 107 cr on reduced expenses
Updated On : 06 Feb 2024 | 3:26 PM IST