Usha Martin Limited · NSE:USHAMART

Usha Martin — Q3 FY25 Earnings Presentation

22 slides from Usha Martin's earnings presentation, Jan 29, 2025

  1. Slide 1: Stock exchange intimation letter

    Date: 29th January 2025 The Secretary The Manager Societe de la Bourse de BSE Limited National Stock Exchange of India Ltd Luxembourg Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, 35A Bouleverd Joseph II Dalal Street Plot No.C/1, G Block, L-1840, Luxembourg Mumbai – 400 001 Bandra Kurla Comp

  2. Slide 2: Q3 & 9M FY25 Results Earnings Presentation

    Q3 & 9M FY25 RESULTS Earnings Presentation January 2025 |

  3. Slide 3: Disclaimer

    Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Usha Martin Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, a

  4. Slide 4: Key financial highlights – Consolidated Q3 & 9M FY25

    In Rs. crore Key financial highlights – Consolidated Q3 & 9M FY25 NET REVENUE FROM OPERATIONS OPERATING EBITDA MARGINS 19.7% 18.0% 16.6% 18.7% 17.7% 2,578 2,396 447 458 797 891 861 157 161 143 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Shift (%) QoQ: 3.4%  YoY: 8

  5. Slide 5: Revenue breakdown by segment

    In Rs. crore Revenue breakdown by segment WIRE ROPE WIRE & STRAND 1,872 238 1,669 208 661 616 80 87 561 74 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Shift (%) QoQ: 6.7%  YoY : 9.8%  12.1%  Shift (%) QoQ: 9.4%  YoY: 17.6%  14.4%  LRPC  Core Wire-Rope segme

  6. Slide 6: Diversified presence across geographies and segments

    Diversified presence across geographies and segments Revenue Segmentation for 9M FY25 PRODUCT SEGMENTATION END INDUSTRY SEGMENTATION1 GEOGRAPHY SEGMENTATION Others, 8% Others, 3% America, 7% Fishing, 3% Middle East & Africa, 9% Mining, 6% Engineering, 21% Wire & Strand, 9% Utilities, 3% Elevator, 9%

  7. Slide 7: Successfully managing raw-material volatility

    Successfully managing raw-material volatility STEEL PRICE (RS. PER TONNE) 61,691 56,317 55,392 55,402 54,906 51,913 FY22 FY23 FY24 Q1FY25 Q2FY25 Q3FY25 EBITDA/TONNE2 (RS.) 32,299 32,628 32,253 28,302 26,473 19,624 FY22 FY23 FY24 Q1FY25 Q2FY25 Q3FY25 Operating EBITDA/MT for 9MFY25 stood at ~Rs 31,000

  8. Slide 8: Profitability indicators remain steady

    Profitability indicators remain steady ROCE (%) ROE (%) 21.2% 21.9% 19.2% 19.1% 18.8% 18.8% 19.2% 16.5% FY22 FY23 FY24 Dec.'24* FY22 FY23 FY24 Dec.'24* INTEREST COVERAGE (X) FIXED ASSET TURNOVER (X) 3.4 23.2 3.2 2.7 2.6 18.1 16.0 9.2 FY22 FY23 FY24 Dec.'24 FY22 FY23 FY24 Dec.'24 ^ Note 1: All figures

  9. Slide 9: Balance sheet remains significantly de-risked

    In Rs. crore Balance sheet remains significantly de-risked GROSS DEBT NET DEBT 355 347 334 292 191 185 168 124 FY22 FY23 FY24 Dec.'24 FY22 FY23 FY24 Dec.'24 GROSS DEBT TO EQUITY (X) NET DEBT TO EQUITY (X) 0.21 0.11 0.17 0.09 0.12 0.13 0.06 0.05 FY22 FY23 FY24 Dec.'24 FY22 FY23 FY24 Dec.'24 Note 1: Al

  10. Slide 10: Long term issuer rating at 'IND A+'

    Long term issuer rating at ‘IND A+’ / Outlook: Stable A+ A A- BBB+ BBB BBB- BB+ BB BB- FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 Aug'24  India Ratings and Research Pvt. Ltd. recently upgraded Usha Martin Ltd.’s long-term issuer rating from ‘IND Current Rating A+ A/Positive' to 'IND A+/Stable’ Outlook Sta

  11. Slide 11: Management comment

    Management comment Commenting on the performance Mr. Rajeev Jhawar, Managing Director said: “Usha Martin delivered healthy volume growth of ~11% and a revenue increase of ~8% Y-o-Y in Q3 FY25, despite a challenging global environment. Our operating profits were impacted by softer Mr. Rajeev Jhawar re

  12. Slide 12: Annexure

    ANNEXURE Q3 FY25 Earnings Presentation | 11

  13. Slide 13: Abridged Consolidated P&L statement

    In Rs. crore Abridged Consolidated P&L statement Y-o-Y Change Q-o-Q Change Y-o-Y Change Q3 FY25 Q3 FY24 Q2 FY25 9M FY25 9M FY24 (%) (%) (%) Revenue from Operations 860.5 797.1 8.0% 891.2 -3.4% 2,578.1 2,396.2 7.6% Operating EBITDA 142.7 157.1 -9.1% 160.8 -11.3% 457.5 447.1 2.3% Operating EBITDA Marg

  14. Slide 14: Abridged Standalone P&L statement

    In Rs. crore Abridged Standalone P&L statement Y-o-Y Change Q-o-Q Change Y-o-Y Change Q3 FY25 Q3 FY24 Q2 FY25 9M FY25 9M FY24 (%) (%) (%) Revenue from Operations 565.3 532.0 6.3% 547.5 3.3% 1,626.9 1,531.0 6.3% Operating EBITDA 114.9 112.3 2.4% 105.7 8.7% 322.0 303.3 6.2% Operating EBITDA Margin (%)

  15. Slide 15: Key operational highlights – Consolidated Q3 & 9M FY25

    Key operational highlights – Consolidated Q3 & 9M FY25 Figure in (‘000 MT) SALES VOLUMES1  Increase in overall volumes YoY, primarily due to an increase in Wire Rope and Wire & Strand volumes 134 146  Segment wise contribution to overall volumes 9M FY25: 45 50 50  Wire Rope – 54% (FY24: 52%)  Wi

  16. Slide 16: Key operational highlights – Standalone Q3 & 9M FY25

    Key operational highlights – Standalone Q3 & 9M FY25 Figure in (‘000 MT) SALES VOLUMES1 Domestic Export  Increase in overall volumes YoY, primarily due to an increase in Wire 127 117 Rope and Wire & Strand volumes 31 32  Segment wise contribution to overall volumes 9MFY25: 40 43 43  Wire Rope – 4

  17. Slide 17: Key financial highlights – Standalone Q3 & 9M FY25

    In Rs. crore Key financial highlights – Standalone Q3 & 9M FY25 NET REVENUES FROM OPERATIONS OPERATING EBITDA MARGINS Domestic Export 21.1% 19.3% 20.3% 19.8% 19.8% 1,531 1,627 303 322 547 546 532 547 565 112 106 115 192 168 191 984 1,081 340 380 374 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9MFY25 Q3 FY24 Q2 F

  18. Slide 18: Globally recognized certifications and licenses

    Globally recognized certifications and licenses ISO 45001: 2018 ISO 14001: 2015 Certificate of Authority issued ISO 9001: 2015 Occupational Health & Environmental management by American petroleum Quality management Safety systems institute Systems Manufacturing Approved Manufacturer of DGMS Approval A

  19. Slide 19: Market snapshot

    Market snapshot As on Key Market Statistics st SHAREHOLDING PATTERN AS ON 31ST DEC. 2024 31 Dec. 2024 BSE/NSE Ticker 517146 / USHAMART Public, 31% CMP (Rs.) 376.20 Promoters, 43% Market Cap (Rs. Crore) 11,463 Number of outstanding shares (Crore) 30.47 Face Value 1.00 Corporate Bodies, 12% FPI, 14% 5

  20. Slide 20: Concall details

    Concall details Usha Martin Ltd. Q3 & 9M FY25 Earnings Conference Call Time: January 30, 2025 at 2:00 PM IST To enable participants to connect to the conference call without having to wait for an operator, please register at the below mentioned link: Pre-registration You will receive dial in numbers

  21. Slide 21: Contact us

    Contact us About Us: Mr. Abhijit Paul (Chief Financial Officer) / Established in the year 1960, Usha Martin is a leading global and India’s No. 1 specialty Mr. Anil Kumar (Secretary to CFO) steel wire rope solutions provider. The Company is also engaged in the manufacturing of high-quality wires, lo

  22. Slide 22: Thank You

    THANK YOU USHA MARTIN LIMITED 2A, Shakespeare Sarani, contact@ushamartin.com Kolkata - 700 071, India www.ushamartin.com |

Usha Martin — Q3 FY25 Earnings Presentation on 6ix