Harsha Engineers International Ltd

Harsha Engineers Reports Strong Q3 Performance & Expansion Plans 🏭📊

• Q3 FY26 consolidated engineering revenue: ₹350 crores

• India Engineering business grew 17.4% YoY

• Normalized EBITDA margin for India Engineering: 23.8% (reported 21.7%)

• Adjusted EBITDA: ₹64.3 crores after one-time provision

• Large-sized cage sales: ₹39 crores in 9M FY26 (up from ₹31 crores YoY)

• Bronze Bushing sales: ₹92 crores in 9M FY26 targeting 30%+ YoY growth

• Stamping business revenue: ₹41 crores for 9M FY26

• Solar division Q3 revenue: ₹59 crores with 9% EBITDA margin

• Harsha China brownfield expansion: $9.94 million investment to double steel cage capacity

• 123 new SKUs added in Q3, totaling 382 SKUs for 9M FY26

• Working capital cycle at 140 days, improved from previous quarters