Harsha Engineers International Ltd

Harsha Engineers Q2 & H1 FY26 Results: Mixed Performance with Strong Growth in Key Segments 📊

- Harsha Engineers reported 7.3% YoY revenue growth in Q2 FY26 and 6.9% in H1 FY26.

- Consolidated EBITDA grew 18.6% YoY in Q2 and 11.2% in H1.

- PAT increased 25.8% in Q2 and 14.4% in H1, with margins improving to 9.6% (Q2) and 10.0% (H1).

- India Engineering business grew 15.1% in Q2 and 10.1% in H1, with 18.3% EBITDA growth in Q2.

- Harsha Advantek reported net losses of ₹3.30 Cr (Q2) and ₹5.70 Cr (H1) due to operational challenges.

- Harsha Romania saw 38% YoY revenue growth in Q2 and turned EBITDA-positive after several quarters.

- Harsha China maintained steady performance with positive EBITDA and PAT.

- Solar business revenue declined in Q2 due to monsoon impact but remained profitable.

- 140 new SKUs developed in Q2, 258 in H1 FY26.

- Capex: ₹24 Cr in Q2, ₹68 Cr in H1, with IPO funds fully utilized.

- Inventory days at 33, receivables days at 84 in H1 FY26.

- HEIL holds 6.5% of global organized bearing cages market.