Harsha Engineers Reports Q2 Growth Amid Mixed EBITDA Figures

Harsha Engineers , a prominent player in the Indian manufacturing sector, has released its Q2 financial results, showcasing growth in revenue and profit despite conflicting EBITDA data.

Financial Highlights

Metric	Q2 FY24	Q2 FY23	Year-over-Year Change
Net Profit	₹364.00 million	₹290.00 million	+25.5%
Revenue	₹3.80 billion	₹3.50 billion	+8.6%
EBITDA Margin	14.14%	15.29%	-1.15 percentage points

Harsha Engineers reported a consolidated net profit of ₹364.00 million for the second quarter, marking a significant increase from ₹290.00 million in the same period last year. The company's revenue also saw an uptick, rising to ₹3.80 billion from ₹3.50 billion year-over-year.

EBITDA Discrepancy

The company's EBITDA figures present conflicting data:

One report indicates EBITDA of ₹535.00 million compared to ₹539.00 million year-over-year.
A correction shows ₹35.00 million versus ₹539.00 million year-over-year.

This discrepancy in EBITDA reporting may require further clarification from the company.

Margin Pressure

Despite the growth in revenue and profit, Harsha Engineers experienced a decline in its EBITDA margin. The margin decreased to 14.14% from 15.29% in the previous year, suggesting potential cost pressures or changes in the company's operational efficiency.

The mixed results present a complex picture of Harsha Engineers' financial performance. While the company has shown growth in key areas such as revenue and net profit, the conflicting EBITDA data and margin decline warrant closer attention from investors and analysts alike.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.89%	-1.85%	-0.43%	+5.54%	-24.29%	-19.52%

Harsha Engineers International Limited (HEIL) has announced a significant operational move for its wholly-owned subsidiary, Harsha Engineers Advantek Limited. The company has successfully completed the relocation of its entire plant machinery and operations from a leased facility to a new plant location in Ahmedabad, Gujarat.

Relocation Details

The shift, which was completed on October 31, 2025, involved moving from a leased premises to a newly established plant. Here are the key details of the relocation:

Particulars	Old Location	New Location
Address	Plot No. A-17, Survey 431, Steel Town, Sarkhej Bavla Road, Nr. Mahadev, HOF NIGALI, Ahmedabad, Gujarat - 382213	Survey No. 376 to 379, TA: Bavla, Bhayla, Ahmedabad, Gujarat, 382220
Status	Leased premises completely vacated	New plant fully operational
Effective Date	October 31, 2025	October 31, 2025

Financial Impact

HEIL has provided insights into the financial contribution of the relocated entity:

Financial Metric	Amount (FY25)	Percentage of Consolidated Figures
Turnover	768.11	0.55%
Profit After Tax (PAT)	79.57	0.89%

The company has stated that no material impact on its financial performance is anticipated as a result of this operational shift.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, HEIL has duly informed the stock exchanges about this development.

This strategic move by Harsha Engineers International Limited underscores the company's commitment to optimizing its operational footprint. While the immediate financial impact is expected to be minimal, the long-term implications of this relocation on the company's efficiency and productivity remain to be seen.