The Revenue for the quarter ended  March 2019 of Rs. 4294.10 millions grew by 9.77 % from Rs. 3912.00 millions.Net Profit for the quarter ended March 2019 zoomed to 465.06% from Rs. 490.00 millions to Rs. 2768.80  millions.Operating profit for the quarter ended March 2019 decreased to 764.00 millions as compared to 776.30 millions of corresponding quarter ended March 2018. (Rs. in Million) Quarter ended Year to Date Year ended 201903 201803 % Var 201903 201803 % Var 201803 201703 % Var Sales 4294.10 3912.00 9.77 24976.60 21245.90 17.56 41461.50 36059.30 14.98 Other Income 122.20 385.50 -68.30 495.00 755.60 -34.49 864.50 1167.60 -25.96 PBIDT 764.00 776.30 -1.58 4352.30 2859.90 52.18 5622.10 4626.40 21.52 Interest 272.60 212.90 28.04 2112.90 2025.90 4.29 5709.80 5490.10 4.00 PBDT 491.40 563.40 -12.78 2239.40 834.00 168.51 -87.70 -863.70 -89.85 Depreciation 69.40 73.40 -5.45 921.70 895.70 2.90 2735.70 2685.80 1.86 PBT 422.00 490.00 -13.88 1317.70 -61.70 -2235.66 -2823.40 -3549.50 -20.46 TAX -2346.80 0.00 0.00 -2346.80 0.00 0.00 0.00 0.00 0.00 Deferred Tax -2376.00 0.00 0.00 -2376.00 0.00 0.00 0.00 0.00 0.00 PAT 2768.80 490.00 465.06 3664.50 -61.70 -6039.22 -2823.40 -3549.50 -20.46 Equity 305.40 305.40 0.00 305.40 305.40 0.00 305.40 305.40 0.00 PBIDTM(%) 17.79 19.84 -10.34 17.43 13.46 29.45 13.56 12.83 5.69

Usha Martin is currently trading at Rs. 38.45, up by 1.45 points or 3.92% from its previous closing of Rs. 37.00 on the BSE.The scrip opened at Rs. 37.55 and has touched a high and low of Rs. 38.45 and Rs. 37.45 respectively. The BSE group `B` stock of face value Rs. 1 has touched a 52 week high of Rs. 45.70 on 12-Nov-2018 and a 52 week low of Rs. 19.55 on 05-Jun-2018.Last one week high and low of the scrip stood at Rs. 43.30 and Rs. 36.85 respectively. The current market cap of the company is Rs. 1127.54 crore.The promoters holding in the company stood at 50.66%, while Institutions and Non-Institutions held 12.98% and 36.36% respectively.Usha Martin has completed the sale of its steel business to Tata Sponge Iron (TSIL). Sale consideration for steel business Rs 4,525 crore reduced by estimated Net Working Capital on the closing date on April 09, 2019 and certain holdback amounts for the assets not transferred was discharged by TSIL in an Escrow account maintained with State Bank of India. Usha Martin is amongst the largest wire rope manufacturer in the world and a leading speciality steel producer in India. The wire rope manufacturing facilities located in India, UK, UAE, and Thailand produce one of the widest range of wire ropes in the world.

Usha Martin is currently trading at Rs. 31.15, up by 0.10 points or 0.32% from its previous closing of Rs. 31.05 on the BSE.The scrip opened at Rs. 31.10 and has touched a high and low of Rs. 32.05 and Rs. 31.05 respectively. So far 16298 shares were traded on the counter.The BSE group `B` stock of face value Rs. 1 has touched a 52 week high of Rs. 45.70 on 12-Nov-2018 and a 52 week low of Rs. 17.90 on 28-Mar-2018.Last one week high and low of the scrip stood at Rs. 33.55 and Rs. 30.95 respectively. The current market cap of the company is Rs. 953.84 crore.The promoters holding in the company stood at 50.66%, while Institutions and Non-Institutions held 12.98% and 36.36% respectively.Usha Martin has achieved Pellet production at 93,700 MT in Q3FY19, up by 50.0% compared to Q3FY18. Further, Billet production stood at 153,556 MT in Q3FY19, up by 9.4% compared to Q3FY18.Usha Martin is amongst the largest wire rope manufacturer in the world and a leading speciality steel producer in India. The wire rope manufacturing facilities located in India, UK, UAE, and Thailand produce one of the widest range of wire ropes in the world.

Usha Martin is currently trading at Rs. 42.80, up by 1.25 points or 3.01% from its previous closing of Rs. 41.55 on the BSE.The scrip opened at Rs. 42.20 and has touched a high and low of Rs. 45.70 and Rs. 42.00 respectively. So far 481732 shares were traded on the counter.The BSE group `B` stock of face value Rs. 1 has touched a 52 week high of Rs. 45.70 on 12-Nov-2018 and a 52 week low of Rs. 17.90 on 28-Mar-2018.Last one week high and low of the scrip stood at Rs. 45.70 and Rs. 37.75 respectively. The current market cap of the company is Rs. 1302.77 crore.The promoters holding in the company stood at 50.66%, while Institutions and Non-Institutions held 9.48% and 39.86% respectively.Usha Martin has received shareholders’ approval to sell its steel business to Tata Steel as a going concern on a slump sale basis. The sale of its steel business to Tata Steel will help the company significantly reduce its debt. Earlier, Tata Steel has executed definitive agreements for the acquisition of Usha Martin’s steel business for Rs 4,300-4,700 crore through a slump sale on a going concern basis.Usha Martin is amongst the largest wire rope manufacturer in the world and a leading speciality steel producer in India. The wire rope manufacturing facilities located in India, UK, UAE, and Thailand produce one of the widest range of wire ropes in the world.

Usha Martin is currently trading at Rs. 32.55, up by 1.15 points or 3.66% from its previous closing of Rs. 31.40 on the BSE.The scrip opened at Rs. 36.35 and has touched a high and low of Rs. 36.40 and Rs. 31.25 respectively. So far 1144990 shares were traded on the counter.The BSE group `B` stock of face value Rs. 1 has touched a 52 week high of Rs. 36.40 on 10-Sep-2018 and a 52 week low of Rs. 17.90 on 28-Mar-2018.Last one week high and low of the scrip stood at Rs. 36.40 and Rs. 28.10 respectively. The current market cap of the company is Rs. 956.89 crore.The promoters holding in the company stood at 50.66%, while Institutions and Non-Institutions held 10.80% and 38.54% respectively.Usha Martin (UML) has executed definitive agreements for sale of its steel business to Tata Steel or its subsidiaries (TSL) through a slump sale on a going concern basis for a consideration being in the range of Rs 4,300 crore - Rs 4,700 crore. The closing of this sale is subject to fulfilment of various conditions under the agreements, which are primarily regulatory, shareholders and the consent of our lenders.The company and TSL shall jointly work towards fulfilment of various conditions precedent agreed in the definitive agreements and will work expeditiously to complete the closing.Usha Martin is amongst the largest wire rope manufacturer in the world and a leading speciality steel producer in India. The wire rope manufacturing facilities located in India, UK, UAE, and Thailand produce one of the widest range of wire ropes in the world.

Usha Martin is currently trading at Rs. 26.55, up by 0.40 points or 1.53% from its previous closing of Rs. 26.15 on the BSE.The scrip opened at Rs. 26.70 and has touched a high and low of Rs. 27.75 and Rs. 25.50 respectively. So far 1118455 shares were traded on the counter.The BSE group `B` stock of face value Rs. 1 has touched a 52 week high of Rs. 27.30 on 21-Sep-2017 and a 52 week low of Rs. 11.50 on 29-Sep-2016.Last one week high and low of the scrip stood at Rs. 27.75 and Rs. 22.50 respectively. The current market cap of the company is Rs. 827.37 crore.The promoters holding in the company stood at 50.85%, while institutions and non-institutions held 9.46% and 39.69% respectively.In a bid to trim its debt, Usha Martin is planning to sell either of its two profitable divisions - wire and wire rope or steel. In this regards, the company has appointed the Royal Bank of Canada as a merchant banker for looking at prospective buyers. This apart, other consultants like BCG, have also been appointed to chart out its future course.As on FY17, the country’s largest wire rope manufacturer had a net debt of Rs 3,718 crore, including nearly Rs 3,300 crore long term debt. The net loss stood at Rs 359 crore. Despite the net loss, the steel and wire rope making divisions are EBIDTA positive. Usha Martin is amongst the largest wire rope manufacturer in the world and a leading speciality steel producer in India. The wire rope manufacturing facilities located in India, UK, UAE, and Thailand produce one of the widest range of wire ropes in the world.

Usha Martin has informed that with reference to the earlier communication dated December 21, 2016 with regard to the reasons for downgrade of the Company’s Long-term Issuer Rating from existing ‘BBB’ to ‘BBB-’ the press release made by India Ratings & Research (the rating agency) is enclosed.The above information is a part of company’s filings submitted to BSE.

The Exchange had sought clarification from Usha Martin with respect to news appearing on economictimes.indiatimes.com on September 28, 2016 titled ‘CBI registers case against Usha Martin; carries out searches’.The above information is a part of company’s filings submitted to BSE.

Usha Martin has informed about Result Press Release for the period ended June 30, 2016.The above information is a part of company’s filings submitted to BSE.

Usha Martin has informed that A.K. Somani Consequent to his superannuation has ceased to be the Chief Financial Officer and Company Secretary as well as Compliance Officer of the Company effective close of Business of June 30, 2016. Rohit Nanda is the Chief Financial Officer of the Company effective 1st July 2016.The above information is a part of company’s filings submitted to BSE.

Usha Martin has informed that a meeting of the Board of Directors of the Company will be held on May 25, 2016, to consider approval of audited financial results of the Company for the financial year ended March 31, 2016 pursuant to Regulation 33 of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015. Further, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window of the Company will be closed with effect from May 18, 2016 to May 27, 2016.The above information is a part of company’s filings submitted to BSE.

ICICI Prudential Asset Management Company has submitted the disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011.The above information is a part of company’s filings submitted to BSE.