Usha Martin results have been steady in a seasonally weak quarter due to monsoon (esp in Indian business). Comparing q on q does not work well in this business.
The really enthusing part of the results is strong growth in volumes and topline growth while maintaining margins in the range of 14-15% inspite of some headwinds like volatility in steel prices and uncertain global conditions.
Q2 FY 23 topline improved to 825 cr vs q2 fy 22 topline of 608 cr, a growth of 30%.
PBT improved in q2 fy 23 to 96 cr vs 70 cr for q2 fy 23.
q1 fy 23 EPS is at 2.6 and H1 FY 23 EPS is at 5.3 per share.
Balance sheet remains steady and return ratios continue to show improvement.
presentation and press release attached.
usha martin q2 fy 23 presentation.pdf (2.7 MB)
usha martin q2 fy 23 press release.pdf (308.8 KB)
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