Harsha Engineers International Limited — Investor Meet, 11-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Harsha Engineers reported Q2 H1 FY26 consolidated top line growth. Harsha Romania posted strong 38% top-line growth and positive EBITDA, contributing to management's cautious optimism for sustainability. India Engineering business achieved 10-15% growth, though new Advantek operations incurred initial losses impacting margins. Bronze bushing sales rose 25% to INR 55 Cr in H1, and large-sized cages grew 33% to INR 77 Cr. Management expects higher single-digit consolidated top-line growth for FY26, with India Engineering growing low to mid-teen, supported by a strong new SKU pipeline. Focus remains on improving Romania's profitability and ramping Advantek's utilization.