Usha Martin has reported 13.9% fall in consolidated net profit to Rs 92.57 crore despite an 8% increase in revenue from operations to Rs 860.54 crore in Q3 FY25 as compared with Q3 FY24.
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.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content