Usha Martin Limited, leading producer of Specialty Steel and one of the largest Wire Rope manufacturer globally announced its result for the first quarter ended 30th June 2012.
Highlights Q1 FY 12-13
Turnover increased by 11% on consolidated basis & 20 % on stand alone basis.
Export sales up by over 40%
Consolidated EBIDTA margin at 16.7 %.
Achieved highest ever quarterly production of Coal, up by 76%
Iron ore production up by 35%
Crossed 150,000 MT Billet production in a quarter.
Achieved significant growth in sales volume over corresponding period of last year.
Successful commissioning of Caster IV, DRI V and 30 MW CPP.
Usha Siam getting back to normal operations.
Significant slowdown in domestic auto sector kept sales and margins under pressure.
Implementation of new projects to further enhance competitiveness in specialty steel segment – Beneficiation, Pellet, Coke Oven, DRI and 35 MW Waste Heat Power - are underway.