Usha Martin Limited CC-Feb26.pdf · 2026-01-30
I just wanted to understand some of the color that you have already mentioned on the volume growth and the kind of initiatives that we are taking. Are these initiatives something that will show result as early as Q4FY26? Or do you think this will take a slightly longer time? And the broader question that I am looking for is that, if I look at your previous outlook, our company should have a steady growth in terms of growth of top line, at least in 12% to 15%, is what you had alluded to right? So should we return back to that run rate, at least in FY '27 onwards? Or do you think, that is going to be a challenging thing for us?
Okay. That is very helpful, Shreya ji. Where I was coming from is that, if I look at your operating EBITDA number. We are at that INR600 crore run rate. We were at INR600 crore in FY24. In FY'25, we were also at INR600 crore. Maybe this year, also best we will do is end up at that number. right? So, three years of flattish EBITDA. My question is that is there any risk that you see to percentage EBITDA margin, per ton EBITDA margin next year that could still keep the EBITDA growth lower than the top line volume growth that you just alluded to?