Harsha Engineers International Limited , a leading manufacturer of bearing cages and stamped components, has reported a consolidated revenue of INR 349.00 crores for Q1 FY2026, marking an increase from INR 330.00 crores in Q4 FY2025 and INR 327.00 crores in Q1 FY2025.

Financial Performance

The company's engineering business generated an EBITDA of INR 65.20 crores in Q1 FY2026. The solar division contributed INR 16.40 crores in revenue with an EBITDA of INR 0.90 crores.

New Facility and Expansion

A significant development for Harsha Engineers was the commissioning of Phase 1 of its greenfield facility, Harsha Advantek, in May 2025. This new facility is expected to enhance the company's production capabilities, particularly in the areas of bushings, large-sized bearing cages, and stamping.

Strategic Contract

The company has secured a long-term bushing contract with a peak annual sales potential of INR 117.00 crores. This contract is expected to contribute to revenue growth over the next 2-3 years, with some incremental sales anticipated in the fourth quarter of the current financial year.

Business Segment Performance

• India Engineering Business: Performed on par with the previous quarter, showing significant improvement in large-sized cages and strong traction in the bushing business.
• Romania Operations: Achieved one of their highest sales in recent quarters, indicating a potential recovery in the European market.
• China Operations: Continued positive performance, contributing to overall growth.

Future Outlook

Harsha Engineers expects low-teens top-line growth for its India engineering business and higher single-digit consolidated growth in FY2026. The company projects bushing revenue to grow by at least 30% in the current financial year.

Challenges

Despite the positive outlook, the company faces some challenges:

• Sluggish auto sector demand in India
• Softening U.S. demand
• Ongoing efforts to improve profitability at Romania and China subsidiaries

Vishal Rangwala, CEO of Harsha Engineers International Limited, commented on the results: "We are cautiously optimistic about the improving industrial demand in Europe and the positive signs we're seeing in our large-sized cages and bushing businesses. While challenges remain, we are focused on executing our growth strategy and improving performance across all our operations."

The company remains committed to its expansion plans and is optimistic about capitalizing on the growing opportunities in the engineering and renewable energy sectors.

Harsha Engineers International Limited , a leading manufacturer of precision bearing cages, has reported a 5.3% year-on-year increase in its consolidated net profit for the first quarter. The company's financial performance showed resilience amid challenging market conditions.

Financial Highlights

• Net Profit: Rose to ₹379.00 million from ₹360.00 million in the same quarter last year
• Revenue: Increased by 6.4% to ₹3,650.00 million from ₹3,430.00 million
• EBITDA: Marginally up at ₹554.00 million compared to ₹552.00 million
• EBITDA Margin: Declined to 14.2% from 16.1% in the previous year

Segment Performance

Harsha Engineers' financial results reveal a mixed performance across its business segments:

Management Commentary

The Board of Directors, led by Chairman & Whole-time Director Rajendra Shah, reviewed and approved the unaudited financial results in a meeting held on August 6. The company's management expressed satisfaction with the overall performance, highlighting the growth in revenue and profitability despite market challenges.

Balance Sheet

As of June 30, Harsha Engineers reported:

• Total Assets: ₹176,042.00 million
• Total Liabilities: ₹47,319.00 million

The company maintains a strong balance sheet position, providing a solid foundation for future growth and expansion initiatives.

Future Outlook

While Harsha Engineers has not provided specific guidance for the upcoming quarters, the company's focus on its core engineering segment and diversification into the solar EPC and O&M business demonstrates its commitment to sustainable growth. The marginal decline in EBITDA margin suggests that the company may be facing some cost pressures, which it will likely address in the coming quarters.

Investors and analysts will be watching closely to see how Harsha Engineers navigates the evolving market conditions and capitalizes on opportunities in both its traditional and emerging business segments.

Note: All financial figures are based on the unaudited consolidated financial results as reported by Harsha Engineers International Limited.