Harsha Engineers International Limited — Investor Meet, 12-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Harsha Engineers reported robust FY26 results: Engineering revenue reached ₹1,444 Cr, Adjusted EBITDA ₹270 Cr. Margins improved from strong exports and India demand. Solar business ₹183 Cr revenue, ₹10.2 Cr PAT. India Engineering grew 14%, driven by 25% growth in Bushings (₹127 Cr) and 14% in large-size cages (₹49 Cr). Advantek's ₹11.4 Cr loss will significantly reduce in FY27 as utilization ramps up. China saw ₹5 Cr PAT on ₹120 Cr revenue; Romania's ₹14 Cr loss is targeted. Management projects FY27 double-digit top-line growth, especially mid-teens for India Engineering, aiming for stable or improved margins. Strategic capex signals strong future growth potential.