Usha Martin Sees Dip in Profit Amid Rising Expenses

Usha Martin reported a 5% decline in consolidated net profit to Rs 100.91 crore for the March 2025 quarter, mainly due to increased expenses. The company saw a rise in total income but experienced a fall in annual profits. A dividend and a new director appointment were also announced.

Usha Martin, a leading manufacturer of wire ropes, faced a 5% dip in consolidated net profit, arriving at Rs 100.91 crore for the March 2025 quarter, grappling with heightened expenses.

The fiscal report details a contrasted rise in total income to Rs 919.73 crore from Rs 838.52 crore, as seen a year prior during the corresponding quarter.

In response, the board has recommended a dividend of Rs 3 per equity share and unveiled Chirantan Chatterjee's appointment as a Whole-Time Director, signaling strategic shifts from May 12, 2025, early in the next fiscal landscape.

(With inputs from agencies.)