Usha Martin Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- Usha Martin Ltd reported a 3.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 7.7%.
- Its expenses for the quarter were down by 1.2% QoQ and up 13.1% YoY.
- The net profit decreased 15.6% QoQ and decreased 14.2% YoY.
- The earnings per share (EPS) of Usha Martin Ltd stood at 3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 864.45 | 898.02 | 802.98 | -3.7% | 7.7% |
Total Expenses | 752.10 | 760.86 | 665.09 | -1.2% | 13.1% |
Profit Before Tax | 112.35 | 137.16 | 137.89 | -18.1% | -18.5% |
Tax | 25.36 | 32.10 | 32.08 | -21.0% | -20.9% |
Profit After Tax | 92.26 | 109.31 | 107.51 | -15.6% | -14.2% |
Earnings Per Share | 3.00 | 3.60 | 3.50 | -16.7% | -14.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Usha Martin Ltd is a prominent player in the wire rope industry, renowned for its extensive range of products and services that cater to various industrial sectors. The company specializes in manufacturing high-quality wire ropes, which are widely used in construction, mining, and oil industries, among others. Usha Martin has established a strong global presence, with manufacturing facilities strategically located in India, the UK, and Dubai, ensuring a steady supply chain and robust distribution network. The company has not disclosed any recent major developments within the provided data, and any further information on recent initiatives or strategic changes is currently unavailable.
Revenue
During the third quarter of fiscal year 2025, Usha Martin Ltd reported a total income of ₹864.45 crores. This figure represents a decline of 3.7% compared to the previous quarter, Q2FY25, where the total income was ₹898.02 crores. However, when compared to the same quarter in the previous fiscal year, Q3FY24, where the total income was ₹802.98 crores, there is a year-over-year increase of 7.7%. This data highlights the variability in the company's revenue streams over the quarters and year, influenced by market conditions and operational factors.
Profitability
In terms of profitability, Usha Martin Ltd's profit before tax for Q3FY25 stood at ₹112.35 crores, which signifies a decrease of 18.1% from the preceding quarter, Q2FY25, which recorded a profit before tax of ₹137.16 crores. Similarly, the profit before tax also witnessed a year-over-year decline of 18.5% from Q3FY24, where it was ₹137.89 crores. Correspondingly, the profit after tax for Q3FY25 was ₹92.26 crores, a reduction of 15.6% on a quarter-over-quarter basis and 14.2% year-over-year. Earnings per share also saw a decline, recorded at ₹3.00 for Q3FY25, compared to ₹3.60 in Q2FY25 and ₹3.50 in Q3FY24, reflecting a decrease of 16.7% QoQ and 14.3% YoY.
Operating Metrics
The total expenses for Usha Martin Ltd in Q3FY25 were ₹752.10 crores, showing a slight decrease of 1.2% from Q2FY25, where expenses were reported at ₹760.86 crores. However, there was a notable increase in expenses when compared to Q3FY24, with a year-over-year rise of 13.1% from ₹665.09 crores. The tax expenses aligned with the profitability trends, decreasing by 21.0% QoQ and 20.9% YoY, from ₹32.10 crores in Q2FY25 and ₹32.08 crores in Q3FY24 to ₹25.36 crores in Q3FY25. These figures underscore the shifts in operating efficiencies and cost structures within the company over the analyzed periods.
