Mumbai, April 29 -- The company stated that although both the Wire & Strand and LRPC segments witnessed declines, the consistent performance from core Wire Rope segment supported overall revenues.

EBITDA declined by 2.6% to Rs 161 crore in Q4 FY24 from Rs 165.3 crore in Q4 FY23. EBITDA margin for Q4 FY24 was 19.4% as against 19.3% in Q4 FY23.

The company's joint ventures recorded a loss of Rs 4.5 crore in the fourth quarter as against a loss of Rs 2.1 crore in Q4 FY23.

Profit before tax in Q4 FY24 stood at Rs 136.4 crore, down by 4.1% from Rs 142.3 crore in Q4 FY23.

For FY24, Usha Martin the company recorded net profit and revenue of Rs 424.1 crore (up 21% YoY) and Rs 3,225.2 crore (down 1.3% YoY), respectively.

Tapas Gangopadhyay, n...