Harsha Engineers International Limited — PPTs, 06-11-2025: Investor Presentation

Harsha Engineers delivered strong Q2 & H1 FY26 financial results, buoyed by reviving industrial demand in Europe and other key regions.

**Business Performance:** Consolidated revenue rose 7.3% YoY to ₹378.34 Cr in Q2 (H1: ₹743.63 Cr, +6.9% YoY). Consolidated EBITDA climbed 18.6% to ₹63.96 Cr in Q2 (H1: ₹130.12 Cr, +11.2% YoY), while PAT jumped 25.8% to ₹36.44 Cr (H1: ₹74.37 Cr, +14.4% YoY). India Engineering business topline grew 15.1% YoY in Q2, but margins faced pressure from a new greenfield site's initial losses (₹3.30 Cr net loss in Q2) and material cost lags. Overseas units like Harsha Romania (+38% Q2 topline YoY) posted improved results, contributing ₹4.62 Cr EBITDA and ₹0.64 Cr PAT. Solar business declined Q2 due to seasonality but maintained positive bottom-line.

**Growth Drivers & Strategy:** Focus on diversifying into complex precision components and strong new product development (258 SKUs in H1). In-house automation and tooling expertise boost efficiency.

**Recent Developments:** Q2 Capex was ₹24 Cr (H1: ₹68 Cr). IPO funds are now fully utilized.

**Key Metrics:** Basic EPS for Q2 was ₹4.00, H1 was ₹8.17.

**Management Outlook:** Management sees continued positive industrial demand, driving future growth through strategic expansion and operational efficiency.