Harsha Engineers International Ltd (NSE:HARSHA)

Q4 2025 Harsha Engineers International Ltd Earnings Call Transcript

May 8, 2025 / 11:00 AM GMT

Release Date Price: ₹373.75 (+0.74%)

Transcript

Key Points

Positve

Harsha Engineers International Ltd (BOM:543600) reported strong growth in its Indian engineering business, both in top line and bottom line, aided by restocking and resumption of normal purchases by key customers.
The company's China subsidiary performed satisfactorily in Q4, contributing positively to EBITDA and overall financial performance.
The bronze bushing business recorded significant growth, with a turnover exceeding 100 crore INR, and is expected to continue growing at a rate of 30% in the next financial year.
The solar division is experiencing strong demand due to a favorable solar energy ecosystem, with expectations of healthy top-line growth based on current orders and pipeline.
Harsha Engineers International Ltd (BOM:543600) is seeing early signals of revival in industrial demand, which is expected to become more visible in the coming quarters.

Negative

The company faced continued stress in its Romania operations, leading to a one-time impairment provision of 95 crore INR due to weak demand in Europe and reduced offtake from a major customer.
A one-time bad debt write-off of 20 crore INR was taken in the solar division, impacting financial results.
Sales to Japanese customers remained flat, with delays in project materialization affecting expected growth.
The company is experiencing volatility in global markets, making it difficult to project growth with high confidence.
The working capital cycle remains lengthy at 126 days, although it has improved from previous quarters.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HRSH.NS - Harsha Engineers International Ltd
Q4 2025 Harsha Engineers International Ltd Earnings Call
May 08, 2025 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Hasha Engineers International Limited conference call.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing and 0 on the touchtone phone.

I now hand the conference over to Mr. Vishal Rangwala, CEO of the company.

Thank you and over to you, Mr. Rangwala.

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Unidentified_2 [2]
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