Harsha Engineers International Limited — PPTs, 05-02-2026: Investor Presentation

Harsha Engineers delivered solid Q3 FY26 results.

**1. Business Performance:** Consolidated revenue grew 20.7% YoY to ₹409.25 Cr, with PAT at ₹33.60 Cr. India Engineering Business saw strong 17.4% YoY revenue growth, and the Solar business posted ₹59.71 Cr in sales and ₹5.54 Cr EBITDA. However, subsidiary Harsha Advantek reported a net loss of ₹3.87 Cr, and Romania's performance was subdued. China continued steady positive performance.

**2. Growth Drivers or Strategy:** The company is seeing strong growth in Bronze Bushings and large Cages. A brownfield expansion in Harsha China, costing US$9.94 million over two years, will boost Steel Cages capacity.

**3. Recent Developments:** Harsha Advantek became operational this fiscal. A one-time provision of ₹5.97 Cr for gratuity and leave encashment impacted Q3 FY26 results.

**4. Key Financial Metrics:** Q3 FY26 Consolidated: Revenue ₹409.25 Cr (+20.7% YoY), EBITDA ₹64.10 Cr (15.7% margin), PAT ₹33.60 Cr (8.2% margin). Adjusted EBITDA (excluding one-time provision) surged 41.6% YoY. EPS stood at ₹3.69.

**5. Management Commentary / Outlook:** Management expects sales to Japanese customers to catch up in future quarters and the increased copper prices in Romania to be passed on. The China expansion will be funded by local debt and parent equity.