New Delhi, 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.
Ush Martin said in a filing to BSE that the company had posted PAT of Rs 105.32 crore in the year-ago period.
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, Tapa Gangopadhyay, non-executive director, Usha Martin, said, "We have closed FY 2023-24 on a positive note with our strong operating cash flows, reflecting strong performance."
He said that despite facing macroeconomic challenges, the company managed to generate 18.6 per cent EBITDA margin during the year.
“Specifically, our core wire ropes division continued to perform well and contributed 71 per cent to our overall consolidated revenues,” Gangopadhyay said.
Usha Martin is a leading specialty steel wire rope solutions provider.
Ush Martin said in a filing to BSE that the company had posted PAT of Rs 105.32 crore in the year-ago period.
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, Tapa Gangopadhyay, non-executive director, Usha Martin, said, "We have closed FY 2023-24 on a positive note with our strong operating cash flows, reflecting strong performance."
He said that despite facing macroeconomic challenges, the company managed to generate 18.6 per cent EBITDA margin during the year.
“Specifically, our core wire ropes division continued to perform well and contributed 71 per cent to our overall consolidated revenues,” Gangopadhyay said.
Usha Martin is a leading specialty steel wire rope solutions provider.
