Harsha Engineers International Limited — PPTs, 13-02-2025: Investor Presentation

On a consolidated basis, Harsha Engineers International Limited's Q3 FY 2025 performance reflected a subdued environment, primarily impacted by challenges in key European and U.S. markets, resulting in modest topline growth in India. Revenue from operations for the Engineering segment saw an 8.8% year-on-year increase but declined by about 2.6% sequentially. Margins faced slight compression due to reduced operating margins, particularly in the Engineering sector. Notably, the Bronze Bushing business demonstrated strong growth, while performance in Japan, Stampings, and large Bearing Cage segments remained stable. The company's China operations struggled due to year-end destocking and softer demand, though year-to-date performance remains satisfactory. In Romania, ongoing demand weakness led to revenue decline and operating losses. Overall, the engineering sector's performance warrants close monitoring as the company navigates these market challenges while maintaining a respectable order book in Solar.