Harsha Engineers International Ltd

Harsha Engineers Reports Strong Growth & Strategic Expansion 🚀

- Capex for H1: ₹68 crore; full-year target: ₹110-120 crore.

- FY2026 guidance: Higher single-digit consolidated top-line growth, India Engineering biz expected at low-to-mid teens.

- Harsha Romania sales up 38% YoY.

- India-to-Europe exports at ₹123 crore in Q2 (+12% half-yearly, +27% QoQ).

- Harsha China: Positive EBITDA (~12%) on ₹65 crore H1 turnover.

- India Engineering biz: 15% QoQ growth, 10% half-yearly growth.

- Bronze bushing sales: ₹55 crore in H1 (+25%), full-year target of 30% growth.

- Large-sized cages sales: ₹27 crore in H1 (+33%).

- Stamping segment flat/slight degrowth due to reduced AC orders.

- Subsidiary losses reduced to ₹2 crore (H1) vs. ₹17 crore (previous full year).

- Solar division profitable despite lower sales (project delays).

- 258 new SKUs developed this fiscal year.