| Revenue growth | Consolidated +16.3% Q2 YoY; +20.7% H1 YoY. |
|---|---|
| Margins | Consolidated EBITDA margin 18.6% vs 16.9% YoY. |
| Demand visibility | Good demand visibility for large cages in H2. |
| Management confidence | Cites continued strong demand; Advantek H2 PAT-positive expected. |
Growth
Consolidated revenue +16.3% YoY in Q2 and +20.7% in H1. India engineering revenue +24.1% in Q2 YoY.
Outlook
Bushings ~30% FY growth target; Advantek PAT-positive in H2; foreign subsidiary losses low single digit for full year.
Risks
Romania underperformance, Advantek Rs3 Cr Q2 loss, and solar sales decline both QoQ and in Q2.
Last quarter's promises, checked
Delivered
- Bushings ~30% FY → Q2 +42.5% YoY (= BEAT)
- India growth higher-teens → Q2 +24.1% YoY (= BEAT)
- EBITDA ~18% → 18.6% (= BEAT)
Partly delivered
- Advantek PAT-positive by FY27-end → Q2 loss Rs3Cr, target now H2 (= PARTIAL)
- FY27 capex Rs50-80Cr → H1 Rs72Cr (= PARTIAL, full-year pace unclear)
- Romania+China loss Rs2-3Cr FY27 → 'low single digit' reiterated, no H1 figure (= PARTIAL)
Missed
- Solar ~Rs200Cr FY → Q2 sales down QoQ and YoY, no figure disclosed (= MISS)
Investor Presentation filed with BSE, NSE: HARSHA. Summary written with AI assistance from the document.
Harsha Engineers International Ltd: key numbers
- Share price
- ₹440.05
- Market cap
- ₹4,006 Cr
- Revenue (annual)
- ₹1,627 Cr
- Net profit (annual)
- ₹155.2 Cr
- P/E (TTM)
- 25.9×Sector 33.1×
- Promoter holding
- 75.00%+0.00% QoQ
- FII holding
- 1.11%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Harsha Engineers International Ltd
All →Harsha Engineers International Q2 FY27 Results: Net Profit ₹45 Cr, Up 23.6% YoY
Harsha Engineers International Ltd reported revenue from operations of ₹440.1 Cr (+16.3% YoY) and net profit of ₹45 Cr (+23.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹45 Cr · +23.6% YoY
Harsha Engineers International Board Meeting Date
Harsha Engineers International Limited has scheduled a board meeting for November 3, 2026, to consider and approve the standalone and consolidated financial results for the quarter ended September 2026.
Harsha Engineers International Other Announcement
Harsha Engineers International Ltd filed its quarterly shareholding pattern for the quarter ended September 30, 2026. This periodic filing discloses the company's equity ownership structure.
Harsha Engineers International Employee Stock Options
Harsha Engineers International Limited approved the grant of 4,28,000 employee stock options to eligible employees under the ESOP 2026 plan.
Harsha Engineers International Management Change
Harsha Engineers International Limited announced the resignation of Mr. Lokesh Miglani as Senior General Manager. He will step down effective August 21, 2026, to pursue new opportunities.
Harsha Engineers International Investor Presentation: Key Takeaways
Q1 FY27 consolidated revenue grew 25.2% YoY to ₹45,743 Lakhs. Strong demand in India and European industrials persists, though margins faced temporary compression from raw material costs and forex losses.
- Call
- Guides 30% growth