Usha Martin Delivers Strong March Quarter Performance with Dividend Announcement

Usha Martin Ltd. has reported solid financial results for the March quarter, showcasing steady revenue and profit growth. The company's consolidated revenue from operations stood at 8.96 billion rupees, reflecting consistent business activity. Net profit for the period was recorded at 1.01 billion rupees, reinforcing its financial stability. In line with its commitment to shareholders, Usha Martin has announced a dividend of 3 rupees per share.  

Financial Overview:  
- March quarter consolidated revenue from operations stood at 8.96 billion rupees  
- Net profit recorded at 1.01 billion rupees  
- Dividend of 3 rupees per equity share declared  

Industry Impact and Business Outlook:  
Usha Martin’s results indicate sustained growth in the steel and wire rope manufacturing sector, backed by strong operational performance and strategic market positioning. The revenue and profit figures highlight resilience amid evolving industry conditions, while the dividend announcement signals confidence in financial stability. Investors and industry analysts may view these developments as reinforcing Usha Martin’s long-term growth prospects and shareholder value.  

Sources: Reuters

 

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