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Usha Martin Q3 net profit rises 28% to Rs 107 crore india business news

New Delhi: Usha Martin On Tuesday, an increase of 28 percent was recorded in its consolidated Net Profit Due to reduction in expenses, it stood at Rs 107.51 crore in the December quarter. The company said in an exchange filing that it had made a profit of Rs 84.07 crore in the October-December period of 2022-23.
The company’s total income declined to Rs 802.98 crore from Rs 838.03 crore a year ago.
Its total expenses declined to Rs 665.09 crore from Rs 731.28 crore in the third quarter of the last financial year.
Usha Martin’s wire rope manufacturing facilities in Ranchi, Hoshiarpur, Dubai, Bangkok and UK produce a wide range of wire ropes that are used in various industries across the world.

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