USHA MARTIN LIMITED Registered Office : 2A, Shakespeare Sarani, Kolkata

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Bernadette Cox
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1 Statement of Standalone Audited Financial Results for the Year Ended 31st March, 2013 Part I 1. Income from Operations (a) Net Sales / Income from Operations (Net of excise duty) (b) Other Operating Income Total Income from Operations (net) Expenses a. Cost of Materials consumed b. Purchase of stock-in-trade c. Changes in inventories of finished goods, work-in-progress, stock-in-trade and scrap 1043 (6210) 1385 (8730) (23570) d. Power and Fuel e. Consumption of Stores and Spare Parts f. Employee Benefits expenses g. Depreciation and amortisation expenses h. Other Expenses Total Expenses Profit from Operations before Other Income, Finance costs and Exceptional Items (1-2) Other Income Profit from ordinary activities before Finance Costs and Exceptional Items (3 + 4) Finance costs Profit / (Loss) from ordinary activities after Finance Costs but before Exceptional Items (5-6) (2449) 1032 (4381) 8. Exceptional Items Profit / (Loss) from Ordinary Activities before Tax (7 ± 8) (4381) 10. Tax Expense (Note 3 below) (1104) 11. Net Profit / (Loss) from Ordinary Activities after Tax (9 ± 10) (3277) 12. Extraordinary Items (net of tax expenses) Net Profit / (Loss) for the period (11 ± 12 ) (3277) 14. Paid-up Equity Share Capital [ Face value Re.1 each ] Reserves excluding Revaluation Reserve (as per Balance Sheet of the previous accounting year) Earning Per Share (before / after Extraordinary Items) (of Re. 1 each) (not annualised) Basic (1.08) Diluted (1.08) Part II A. PARTICULARS OF 1. Public Shareholding - Number of Shares Percentage of Shareholding 52.33% 53.83% 58.51% 52.33% 58.51% 2. Promoters and Promoter Group Shareholding a) Pledged / Encumbered - Number of Shares shareholding of promoter and promoter group) capital of the company) b) Non-encumbered - Number of Shares shareholding of promoter and promoter group) % % % % % capital of the company) 47.67% 46.17% 41.49% 47.67% Including Shares held by Custodians and against which Depository Receipts have been issued. Particulars 3 months ended (31st March, 2013) B. INVESTOR COMPLAINTS Pending at the beginning of the quarter Received during the quarter 14 Disposed of during quarter 14 Remaining unresolved at the end of the quarter Notes : 1. The Board has recommended the payment of Dividend of Re per share on Equity Shares of face value Re. 1 each of the Company. 2. Figures for the quarter ended 31st March, 2013 and quarter ended 31st March, 2012 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the respective financial year. 3. Tax expense comprises Current Tax and Deferred Tax, net of MAT Credit Entitlement and Excess Provision of Current Tax relating to earlier years written back.

2 Notes (Contd.) 4. Disclosure of Assets and Liabilities as per clause 41(I)(ea) of the listing agreement for year ended 31st March, Standalone Statement of Assets and Liabilities Particulars 31st March, st March, 2012 A. EQUITY AND LIABILITIES 1. SHAREHOLDERS' FUNDS : (a) Share Capital (b) Reserves and Surplus (c) Money received against share warrants - - Sub-total - Shareholders' funds Share application money pending allotment Non-current Liabilities (a) Long-term borrowings (b) Deferred tax liabilities (net) (c) Other long-term liabilities (d) Long-term provisions Sub-total - Non-current liabilities Current Liabilities Statement of Standalone Unaudited Financial Results for the Year Ended 31st March, 2013 (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions Sub-total - Current liabilities TOTAL - EQUITY AND LIABILITIES B. ASSETS 1. Non-current assets (a) Fixed assets (b) Non-current investments (c) Deferred tax assets (net) - - (d) Long-term loans and advances (e) Other non-current assets Sub-total - Non-current assets Current assets (a) Current investments (b) Inventories (c) Trade Receivables (d) Cash and cash equivalents (e) Short-term loans and advances (f) Other current assets Sub-total - Current assets TOTAL ASSETS Figures for the previous periods have been reclassified where considered necessary to conform to this year's classification. The above results, after review by the audit committee, have been approved and taken on record by the Board of Directors at its meeting held on 9th May, 2013.

3 Standalone Segment wise Revenue, Results and Capital Employed 1. Segment Revenue (Net Sales / Income from Operations) a. Steel b. Wire and Wire Ropes c. Unallocated Total Segment Revenue Less: Inter-Segment Revenue Net Sales / Income from Operations Segment Results [Profit(+)/Loss(-) before tax and finance costs from each segment] a. Steel b. Wire and Wire Ropes c. Unallocated (39) (68) (53) (108) (291) Total Less: a. Finance costs b. Other Un-allocable Expenditure (Net of Un-allocable Income) Total Profit(+) / Loss(-) before Tax (4381) 3. Capital Employed (Segment Assets less Segment Liabilities) a. Steel b. Wire and Wire Ropes c. Unallocated Total Change in Segment Composition Based on a review of product portfolio of various segments, related risks and returns, business developments etc., Wire Drawing and allied machinery products, hitherto included in 'Wire and Wire Ropes" segment, have been identified with 'Others' segment with effect from this year. Accordingly previous year figures relating to 'Wire and Wire Ropes' and 'Others' segments have been regrouped / rearranged to conform to this year's presentation.

4 Part I Statement of Consolidated Audited Financial Results for the Year Ended 31st March, Income from Operations (a) Net Sales / Income from Operations (Net of excise duty) (b) Other Operating Income Total Income from Operations (net) Expenses a. Cost of Materials consumed b. Purchase of stock-in-trade c. Changes in inventories of finished goods, work-in-progress, stock-in-trade and scrap 2513 (7071) 6540 (13657) (24474) d. Power and Fuel e. Consumption of Stores and Spare Parts f. Employee Benefits expenses g. Depreciation and amortisation expenses h. Other Expenses Total Expenses Profit from Operations before Other Income, Finance Costs and Exceptional Items (1-2) Other Income Profit from ordinary activities before Finance Costs and Exceptional Items (3 + 4) Finance costs Profit from ordinary activities after Finance Costs but before Exceptional Items (5-6) (628) Exceptional Items Profit / (Loss) from Ordinary Activities before Tax (7 ± 8) Tax Expense (Note 4 below) Net Profit / (Loss) from Ordinary Activities after Tax (9 ± 10) Extraordinary Items (net of tax expenses) Net Profit / (Loss) for the period (11 ± 12 ) Share Profit / (Loss) of associates - Not applicable Minority interest Net Profit / (Loss) after taxes, minority interest and share of profit/(loss) of associates (13 ± 14 ± 15) Paid-up Equity Share Capital [ Face value Re.1 each ] Reserves excluding Revaluation Reserve (as per Balance Sheet of the previous accounting year) Earning Per Share (before / after Extraordinary Items) (of Re. 1 each)(not annualised) Basic Diluted Part II A. PARTICULARS OF 1. Public Shareholding - Number of Shares Percentage of Shareholding 52.33% 53.83% 58.51% 52.33% 58.51% 2. Promoters and Promoter Group Shareholding a) Pledged / Encumbered - Number of Shares shareholding of promoter and promoter group) capital of the company) b) Non-encumbered - Number of Shares shareholding of promoter and promoter group) % % % % % capital of the company) 47.67% 46.17% 41.49% 47.67% Including Shares held by Custodians and against which Depository Receipts have been issued. Particulars 3 months ended (31st March, 2013) B. INVESTOR COMPLAINTS Pending at the beginning of the quarter Received during the quarter 14 Disposed of during quarter 14 Remaining unresolved at the end of the quarter

5 Notes (Contd) : Statement of Consolidated Audited Financial Results for the Year Ended 31st March, 2013 The above consolidated financial results have been prepared in accordance with the applicable Accounting Standards notified pursuant to the Companies (Accounting Standards) Rules 2006 as per section 211(3C) of the Companies Act, The Group comprises the Company and its eighteen subsidiaries (including ten step-down subsidiaries) and five joint ventures (including one step-down jointventure). The standalone financial results are being forwarded to the Stock Exchanges (BSE and NSE) for uploading on their respective websites and the same are also being made available on the Company's website viz. Tax expense comprises Current Tax and Deferred Tax, net of MAT Credit Entitlement and Excess Provision of Current Tax relating to earlier years written back. The unaudited particulars of Income from Operations, Profit/(Loss) before Tax and Profit/(Loss) after Tax on Standalone basis are furnished hereunder : 6. Figures for the previous periods have been reclassified where considered necessary to conform to this year's classification. Income from Operations (Net of Excise Duty) Profit /(Loss) before Tax (4381) Profit /(Loss) after Tax (3277) 7. The above results, after review by the audit committee, have been approved and taken on record by the Board of Directors at its meeting held on 9th May, 2013.

6 Notes : Consolidated Statement of Assets and Liabilities Particulars 31st March, st March, 2012 A. EQUITY AND LIABILITIES 1. SHAREHOLDERS' FUNDS : (a) Share Capital (b) Reserves and Surplus (c) Money received against share warrants - - Sub-total - Shareholders' funds Share application money pending allotment Minority interest Non-current liabilities Statement of Consolidated Audited Financial Results for the Year Ended 31st March, Disclosure of Assets and Liabilities as per clause 41(I)(ea) of the listing agreement for the year ended 31st March, (a) Long-term borrowings (b) Deferred tax liabilities (net) (c) Other long-term liabilities (d) Long-term provisions Sub-total - Non-current liabilities Current liabilities (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions Sub-total - Current liabilities TOTAL - EQUITY AND LIABILITIES B. ASSETS 1. Non-current assets (a) Fixed assets (b) Goodwill on consolidation (c) Non-current investments (d) Deferred tax assets (net) (e) Long-term loans and advances (f) Other non-current assets Sub-total - Non-current assets Current assets (a) Current investments - - (b) Inventories (c) Trade Receivables (d) Cash and cash equivalents (e) Short-term loans and advances (f) Other current assets Sub-total - Current assets TOTAL ASSETS

7 Consolidated Segment wise Revenue, Results and Capital Employed 1. Segment Revenue (Net Sales / Income from Operations) a. Steel b. Wire and Wire Ropes c. Unallocated Total Segment Revenue Less: Inter-Segment Revenue Net Sales / Income from Operations Segment Results [Profit(+)/Loss(-) before tax and finance costs from each segment] a. Steel b. Wire and Wire Ropes c. Unallocated Total Less: a. Finance costs b. Other Un-allocable Expenditure (Net of Un-allocable Income) Total Profit(+) / Loss(-) before Tax Capital Employed (Segment Assets less Segment Liabilities) a. Steel b. Wire and Wire Ropes c. Unallocated Total Change in Segment Composition Based on a review of product portfolio of various segments, related risks and returns, business developments etc., Wire Drawing and allied machinery products, hitherto included in 'Wire and Wire Ropes" segment, have been identified with 'Others' segment with effect from this year. Accordingly previous year figures relating to 'Wire and Wire Ropes' and 'Others' segments have been regrouped / rearranged to conform to this year's presentation.

USHA MARTIN LIMITED. Registered Office : 2A, Shakespeare Sarani, Kolkata

USHA MARTIN LIMITED. Registered Office : 2A, Shakespeare Sarani, Kolkata Statement of Standalone Unaudited Financial Results for the Quarter Ended 30th June, 2015 Part I 1. Income from Operations (a) Net Sales / Income from Operations (Net of excise duty) 88040 98202 92011