)
Harsha Engineers International (HARSHA) investor relations material
Harsha Engineers International Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 and H1 FY26 delivered strong revenue and profit growth, with consolidated revenue up 7.3% YoY in Q2 and 6.9% in H1, driven by robust export sales, industrial demand revival in Europe, and improved overseas subsidiary performance, especially Romania, which posted 38% YoY top-line growth and positive EBITDA after several challenging quarters.
India engineering business saw 15% top-line growth QoQ and 10% YoY for H1, with margin pressures from Advantech's ramp-up losses, but overall EBITDA and PAT increased YoY.
Export sales from India to Europe and other geographies grew significantly, reaching INR 237 crore in H1, up 12% YoY and 27% QoQ.
Unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, were approved and reviewed with an unmodified opinion from auditors.
Financial highlights
Q2 FY26 consolidated revenue was ₹37,834 lakhs, up from ₹35,258 lakhs in Q2 FY25; H1 FY26 revenue was ₹74,363 lakhs, up from ₹69,574 lakhs YoY.
Q2 FY26 consolidated EBITDA was ₹6,396 lakhs (16.9% margin); PAT was ₹3,644 lakhs (9.6% margin); H1 FY26 EBITDA and PAT rose 11.2% and 14.4% YoY.
Standalone revenue for Q2 FY26 was ₹27,876 lakhs, with standalone PAT at ₹3,903 lakhs.
Solar business revenue was ₹1,522 lakhs in Q2 FY26, with EBITDA of ₹100 lakhs.
CapEx spend was ₹24 crore in Q2 and ₹68 crore in H1 FY26.
Outlook and guidance
Consolidated top-line growth for FY26 is expected to be in the higher single digits, with India engineering business projected to grow in the low to mid-teens.
Profitability is expected to improve significantly in FY26 compared to FY25, with Advantech expected to become profitable within the next year as capacity utilization improves.
New product development remains strong, with 258 new SKUs in H1 FY26.
The company is cautiously optimistic about sustaining export and subsidiary improvements, pending further quarters' performance.
Next Harsha Engineers International earnings date
Next Harsha Engineers International earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage