Usha Martin announced that its wholly owned subsidiary in America, Usha Martin Americas Inc. (UMAI) has completed the acquisition of 2.02% stake in Usha Siam Steel Industries Public Company (USSIL), a subsidiary of the Company from Kobelco Wire Company. Consequent to the aforesaid acquisition, USSIL has become a step down wholly owned subsidiary of the Company.Powered by Capital Market - Live News

Net profit of Usha Martin rose 0.23% to Rs 109.72 crore in the quarter ended September 2024 as against Rs 109.47 crore during the previous quarter ended September 2023. Sales rose 13.57% to Rs 891.17 crore in the quarter ended September 2024 as against Rs 784.70 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales891.17784.70 14 OPM %18.0418.39 - PBDT164.20162.46 1 PBT141.41144.47 -2 NP109.72109.47 0 Powered by Capital Market - Live News

Usha Martin will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live News

Net profit of Usha Martin rose 3.36% to Rs 104.11 crore in the quarter ended June 2024 as against Rs 100.73 crore during the previous quarter ended June 2023. Sales rose 1.47% to Rs 826.37 crore in the quarter ended June 2024 as against Rs 814.38 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales826.37814.38 1 OPM %18.6417.89 - PBDT156.44146.73 7 PBT134.70129.10 4 NP104.11100.73 3 Powered by Capital Market - Live News

Usha Martin will hold a meeting of the Board of Directors of the Company on 12 August 2024.Powered by Capital Market - Live News