Harsha Engineers Releases Q3FY26 Earnings Call Transcript Under Regulation 30
Harsha Engineers International Limited has released its Q3FY26 earnings call transcript conducted on February 5, 2026, pursuant to SEBI Regulation 30. The company reported strong financial performance with 17.40% revenue growth in India Engineering business and ₹350.00 crores consolidated engineering revenue. Key highlights include Bronze Bushing business achieving ₹92.00 crores in nine months with 30%+ growth, and announcement of USD 9.94 million brownfield expansion in China for steel cage manufacturing capacity targeting completion before FY28 end.

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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.
| Exchange Communication: | Details |
|---|---|
| BSE Script Code: | 543600 |
| NSE Symbol: | HARSHA |
| Company Secretary: | Kiran Kumar Mohanty |
| Membership Number: | F9907 |
| CIN: | L29307GJ2010PLC063233 |
| Document Reference: | HEIL/SE-64/2025-26 |
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.
| Financial Metrics: | Q3 FY26 | Previous Quarter | Same Quarter Last Year |
|---|---|---|---|
| Engineering Revenue: | ₹350.00 crores | ₹363.00 crores | ₹302.00 crores |
| Consolidated EBITDA: | ₹58.60 crores | ₹63.00 crores | ₹48.20 crores |
| Adjusted EBITDA: | ₹64.30 crores | - | - |
| Solar Business Revenue: | ₹59.70 crores | - | - |
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.
| Business Segment Performance: | 9M FY26 | 9M FY25 |
|---|---|---|
| Bronze Bushing: | ₹92.00 crores | ~₹71.00 crores |
| Large-sized Cages: | ₹39.00 crores | ₹31.00 crores |
| Stamping Business: | ₹41.00 crores | - |
| Japanese Customers: | ₹51.50 crores | ₹50.00 crores |
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.
| China Expansion Details: | Information |
|---|---|
| Investment Amount: | USD 9.94 million |
| Expansion Type: | Brownfield |
| Primary Focus: | Steel cages for industrial segment |
| Target Completion: | Before end of FY28 |
| Funding Structure: | 70-80% debt, balance equity |
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.
Historical Stock Returns for Harsha Engineers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.40% | -2.54% | -1.69% | -4.86% | +2.22% | -20.33% |


































