Usha Martin Limited announced audited standalone and consolidated earnings results for the fourth quarter and full year ended March 31, 2013. The company reported on a standalone basis, net profit of INR 90 million in fourth quarter to March 31, 2013 or INR 0.30 basic and diluted earnings per share on total income from operations of INR 8,016.0 million against net profit of or INR 7.6 million or INR 0.02 basic and diluted earnings per share on total income from operations of INR 8,310.1 million in the corresponding quarter in 2012. Profit from operations before other income, finance costs & exceptional items was INR 935.2 million against INR 148.5 million of prior year period. Profit from ordinary activities before tax was INR 133.8 million against INR 45.2 million of prior year period. EBITDA was INR 1,656.4 million against INR 957.3 million of prior year period. For the year, standalone net profit stood at INR 70.5 million or INR 0.23 basic and diluted earnings per share on total income from operations of INR 30,445.3 million against net loss of INR 327.7 million or INR 1.08 basic and diluted loss per share on total income from operations of INR 28,368.9 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 2,938.7 million against INR 1,684.0 million of prior year. Profit from ordinary activities before tax was INR 103.2 million against loss from ordinary activities before tax of INR 438.1 million of prior year period. EBITDA was INR 5,723.3 million against INR 4,088.0 million of prior year period. For the quarter, on consolidated basis, net profit was INR 228.4 million or INR 2.92 annualized earnings per share on total income from operations of INR 9,477.1 million against net profit of INR 155.6 million or INR 1.96 annualized earnings per share on total income from operations of INR 9,544.1 million for the comparable period last year. Profit from operations before other income, finance costs & exceptional items was INR 1,100.9 million against INR 164.3 million of prior year. Profit from ordinary activities before tax was INR 296.0 million against loss from ordinary activities before tax of INR 234.7 million of prior year period. EBITDA was INR 1,924.1 million against INR 1,230.5 million of prior year period. For the year, consolidated net profit was INR 822.6 million or INR 2.59 annualized earnings per share on total income from operations of INR 36,218.3 million against net profit of INR 66.2 million or INR 0.12 annualized earnings per share on total income from operations of INR 33,608.2 million for the last year. Profit from operations before other income, finance costs & exceptional items was INR 3,522.8 million against INR 2,111.1 million of prior year. Profit from ordinary activities before tax was INR 1,035.0 million against loss from ordinary activities before tax of INR 114.0 million of prior year period. EBITDA was INR 7,052.0 million against INR 4,977.6 million of prior year period. The board of directors of the company at its meeting held on May 09, 2013 has recommended payment of dividend of INR 0.15 per share (15%) on face value of INR 1 per share.

Usha Martin Limited announced that they will report fiscal year 2013 results on May 09, 2013

Usha Martin Limited, Board Meeting, May 09, 2013. Agenda: To consider approval of audited accounts of the Company for financial year ended March 31, 2013; and to recommend dividend, if any.