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Harsha Engineers International (HARSHA) investor relations material
Harsha Engineers International Q1 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 25/26 earnings summary6 Aug, 2025
Executive summary
Industrial demand recovery in Europe and China supported strong sales and export revival in Q1 FY26.
Indian engineering business achieved 5% topline and 6.5% adjusted EBITDA growth in Q1 FY26 over Q4 FY25, despite new facility overheads.
Bushing business secured a long-term contract with peak annual sales potential of ₹117 crore, expected to ramp up over 2–3 years.
China operations continued to show decent top and bottom line growth in FY26.
Board approved unaudited financial results for Q1 FY26, with auditors expressing an unmodified opinion.
Financial highlights
Consolidated revenue from operations was ₹36,529 lakhs in Q1 FY26, up from ₹34,316 lakhs year-over-year.
Consolidated EBITDA for engineering was ₹6,526 lakhs, with an EBITDA margin of 18.1%.
PAT for Q1 FY26 stood at ₹3,793 lakhs, with a PAT margin of 10.4%.
Solar division posted ₹1,646 lakhs in revenue and ₹90 lakhs EBITDA in Q1 FY26.
Basic and diluted EPS for Q1 FY26 was 4.17 (consolidated).
Outlook and guidance
Early signs of export demand revival in Europe and China are expected to support future growth.
Expecting low teens top line growth in India engineering and high single-digit consolidated growth for FY26.
Profitability anticipated to improve over FY25 adjusted EBITDA.
Bushing segment projected to grow at least 30% in FY26, with incremental sales from the new contract starting Q4.
Focus remains on scaling up new plant operations and leveraging new customer agreements.
New Bushing contract: Is it incremental revenue?
Harsha Advantek: When will it turn profitable?
Can Romania facility route India's US exports?
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Next Harsha Engineers International earnings date
Q2 25/266 Nov, 2025
Next Harsha Engineers International earnings date
Q2 25/266 Nov, 2025
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Frequently asked questions
Harsha Engineers International Limited is an India-based company specializing in the manufacturing of precision engineering products. The company is a leading producer of bearing cages, which are used in a wide range of applications across automotive, aerospace, railways, and industrial sectors. In addition to bearing cages, Harsha Engineers offers stamping products and complex assemblies, catering to both domestic and international markets. The company is headquartered in Ahmedabad, India, and its shares are listed on the National Stock Exchange (NSE).
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