Harsha Engineers International Limited has reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, approved by the Board of Directors at its meeting held on May 7, 2026. On a consolidated basis, the company posted a Profit After Tax (PAT) of ₹4,723 lakhs for Q4 FY26, compared to a loss of ₹239 lakhs in Q4 FY25, while full-year consolidated PAT stood at ₹15,520 lakhs versus ₹8,931 lakhs in FY25. The statutory auditors, M/s Pankaj R. Shah & Associates, have issued unmodified opinions on both the standalone and consolidated financial results.

Consolidated Financial Performance

The consolidated results reflect a strong year-on-year improvement across revenue and profitability metrics. The following table presents the key consolidated financial highlights:

The prior year Q4 FY25 consolidated results included an exceptional item of ₹2,768 lakhs pertaining to impairment in the carrying value of Goodwill on Consolidation related to Harsha Engineers Europe SRL-Romania.

Standalone Financial Performance

On a standalone basis, the company reported a Profit After Tax of ₹5,317 lakhs for Q4 FY26, compared to a loss of ₹6,696 lakhs in Q4 FY25. For the full year, standalone PAT stood at ₹17,680 lakhs versus ₹3,536 lakhs in FY25. The prior year standalone results included an exceptional item of ₹9,501 lakhs pertaining to impairment in the carrying value of investment in wholly owned subsidiary Harsha Engineers Europe SRL-Romania.

Segment Performance

The company operates across two business segments: Engineering & Others, and Solar-EPC and O&M. The consolidated segment performance for the quarter and full year is summarised below:

Consolidated total assets stood at ₹2,06,688 lakhs as at March 31, 2026, compared to ₹1,69,106 lakhs as at March 31, 2025. Total equity increased to ₹1,40,169 lakhs from ₹1,25,414 lakhs over the same period.

Dividend, AGM, and Record Date

The Board has recommended a final dividend of ₹1.5 per Equity Share of ₹10 each (15%) for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting (AGM). The 16th AGM is scheduled to be held via Video Conferencing on Thursday, July 23, 2026. Thursday, July 9, 2026 has been fixed as the record date for the AGM and dividend. The Register of Members and Share Transfer Books will remain closed from Friday, July 17, 2026 to Thursday, July 23, 2026 (both days inclusive). The cut-off date for electronic voting has been fixed as Thursday, July 16, 2026.

ESOP 2026 and Auditor Appointments

The Board approved the formulation and implementation of the Harsha Engineers International Limited – Employee Stock Option Plan 2026 (ESOP 2026), subject to shareholder and regulatory approvals. A pool of 18,00,000 (Eighteen Lakh) options is proposed, each exercisable into one fully paid-up equity share of face value ₹10. The exercise price per option shall be at a maximum discount of up to 20% to the market price on the grant date, subject to a floor of the face value. Options will vest over a minimum of 1 year and a maximum of 4 years from the grant date, with an exercise period of up to 4 years from each vesting date.

On the auditor front, the Board recommended the appointment of M/s Mukesh M. Shah & Co, Chartered Accountants, as Statutory Auditor for 5 consecutive years from the conclusion of the 16th AGM to the conclusion of the 21st AGM, replacing the outgoing firm M/s Pankaj R. Shah & Associates whose term concludes at the 16th AGM. M/s Kiran J. Mehta & Co has been appointed as Cost Auditor for FY 2026-27. Additionally, M/s Talati & Talati LLP and M/s MAR & Co. have been appointed as Internal Auditors for the Engineering business division and Solar EPC business division respectively for FY 2026-27.

Independent Director Reappointments

The Board, on the recommendation of the Nomination and Remuneration Committee, approved the reappointment of four Independent Directors for a second term of 5 years each, subject to shareholder approval. The details are as follows:

All four directors have been confirmed as not debarred from holding office by virtue of any SEBI order or any other authority. The regulatory filings were submitted to both stock exchanges under Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, vide reference HEIL/SE-06/2026-27. The company has also made available the audio recording of the analysts and investors conference call pertaining to these results, accessible via the company's investor relations page at https://harshaengineers.com/InvestorRelations/financial-information.php , filed under reference HEIL/SE-08/2026-27.

Harsha Engineers International Limited has released the complete transcript of its Q3FY26 earnings conference call conducted on February 5, 2026, following the Board of Directors meeting. The company submitted the transcript to stock exchanges on February 11, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Documentation

The earnings call transcript was formally communicated to both BSE Limited and National Stock Exchange of India Limited through a letter dated February 11, 2026. The communication was signed by Kiran Kumar Mohanty, Company Secretary and Chief Compliance Officer, ensuring proper regulatory compliance across all listing requirements.

Q3FY26 Financial Performance Highlights

During the earnings call, CEO Vishal Rangwala highlighted that the India Engineering business achieved 17.40% revenue growth on a year-over-year basis in Q3. The company reported consolidated engineering business revenue of ₹350.00 crores for the quarter ended December 2025, compared to ₹302.00 crores in the same quarter last year.

Strategic Business Updates and Growth Drivers

The company reported strong performance across key growth segments during the nine-month period ending December 2025. Bronze Bushing business achieved sales revenue of approximately ₹92.00 crores, representing over 30% year-over-year growth. Large-sized cages reached sales of around ₹39.00 crores compared to ₹31.00 crores in the corresponding previous year period.

China Expansion and International Operations

The company announced a significant brownfield expansion plan in China with an investment outlay of approximately USD 9.94 million for expanding cage manufacturing capacity. The expansion focuses primarily on steel cages to serve the growing industrial segment demand in China and will be implemented at the existing site, targeting operational status before the end of financial year 2028.

Regulatory Publications and Transparency

The company had previously published its unaudited financial results for Q3FY26 in newspapers on February 6, 2026, pursuant to Regulation 47 of SEBI regulations. The publication was made in both English and regional language newspapers to ensure wider accessibility for stakeholders, with results appearing in Business Standard and Jai Hind newspapers.

The earnings call transcript is available on the company's website at www.harshaengineers.com , along with the investor presentation containing detailed financial breakdowns. The comprehensive disclosure demonstrates the company's commitment to transparent financial reporting and regulatory compliance across all stakeholder communication channels.