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Harsha Engineers International Limited Q2 FY26 earnings call summary

NSE: HARSHA · BSE: 543600

Earnings call of 6 Nov 2025, summarised by AI from the filing.

Harsha Engineers Q2 FY26 revenue ₹363 cr; Romania turns EBITDA positive; FY26 guidance higher single digit growth.

Key takeaways

  1. Revenue ₹363 cr (Q1 FY26: ₹349 cr, Q2 FY25: ₹310 cr).
  2. Guidance FY26 consolidated top line growth higher single digit; India Engineering low to mid-teen.
  3. Change Romania posted positive EBITDA after several quarters.
  4. Driver Europe demand recovery and improved product mix in Romania.
  5. Risk Raw material price pass-through lag impacted EBITDA margin.

Original filing on BSE

Harsha Engineers International Limited Q1 FY27 results

As filed: Revenue ₹457 cr (+25% year on year), EBITDA ₹67.5 cr (+20% year on year), PAT ₹37.4 cr (−2% year on year), EBITDA margin 14.8% (−60 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹474 cr (+27% year on year), EBITDA ₹73.4 cr (+110% year on year), PAT ₹47.2 cr, EBITDA margin 15.5% (+611 bps). Score 95 of 100, Above trend. Revenue and EBITDA growth were well above the company's own trend. EBITDA margin rose 611 bps year on year. Share price after the results: +3.1% in 29 days (Nifty 500: −2.9%).
  • Q3 FY26: Revenue ₹409 cr (+21% year on year), EBITDA ₹57.3 cr (+36% year on year), PAT ₹33.6 cr (+24% year on year), EBITDA margin 14.0% (+161 bps). Score 79 of 100, Above trend. Revenue and EBITDA growth were well above the company's own trend; profit growth was above it. EBITDA margin rose 161 bps year on year. Profit fell 7% from last quarter. Share price after the results: −8.9% in 29 days (Nifty 500: −4.5%).
  • Q2 FY26: Revenue ₹378 cr (+7% year on year), EBITDA ₹54.0 cr (+29% year on year), PAT ₹36.0 cr (+24% year on year), EBITDA margin 14.3% (+239 bps). Score 69 of 100, Above trend. Revenue and profit growth were above the company's own trend; EBITDA growth was well above it. EBITDA margin rose 239 bps year on year. Profit fell 5% from last quarter. Share price after the results: −6.2% in 29 days (Nifty 500: +0.7%).
  • Q1 FY26: Revenue ₹365 cr (+6% year on year), EBITDA ₹56.0 cr (+2% year on year), PAT ₹38.0 cr (+6% year on year), EBITDA margin 15.3% (−69 bps). Score 54 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit growth were in line with it. EBITDA margin fell 69 bps year on year. Share price after the results: −2.8% in 30 days (Nifty 500: +0.1%).
  • Q4 FY25: Revenue ₹373 cr (−2% year on year), EBITDA ₹35.0 cr (−35% year on year), PAT −₹2.0 cr (−29% year on year), EBITDA margin 9.4% (−483 bps). Score 0 of 100, Below trend. Revenue, EBITDA and profit before exceptional items growth were well below the company's own trend. EBITDA margin fell 483 bps year on year. Other income 157% of PBT. Tax rate 143%. Profit fell 5% from last quarter. Share price after the results: +17.9% in 29 days (Nifty 500: +5.0%).
  • Q3 FY25: Revenue ₹339 cr (+5% year on year), EBITDA ₹42.0 cr (+5% year on year), PAT ₹27.0 cr (−10% year on year), EBITDA margin 12.4% (+4 bps). Score 36 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA growth was below it; profit growth was well below it. EBITDA margin was flat year on year. Revenue fell 4% from last quarter.
  • Q2 FY25: Revenue ₹353 cr (+4% year on year), EBITDA ₹42.0 cr (+20% year on year), PAT ₹29.0 cr (+45% year on year), EBITDA margin 11.9% (+157 bps). Score 53 of 100, In line with trend. EBITDA margin rose 157 bps year on year. Other income 29% of PBT. Not enough history for a trend yet: scored on growth alone. Profit fell 19% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Harsha Engineers International Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.