Harsha Engineers International Ltd (NSE:HARSHA)

Q2 2026 Harsha Engineers International Ltd Earnings Call Transcript

Nov 6, 2025 / 10:00 AM GMT

Release Date Price: ₹388.1 (-2.33%)

Transcript

Key Points

Positve

Harsha Engineers International Ltd (BOM:543600) reported a 38% growth in top-line for the current quarter compared to the same quarter last year, driven by increased sales of semi-finished and finished products.
The company's exports from India to Europe have grown significantly, with a 27% quarter-over-quarter increase, indicating strong international demand.
Harsha China has maintained consistent performance, contributing positively to the company's overall financial health.
The bronze bushing vertical reported a robust 25% sales growth in the first half of the current financial year, with expectations of stronger performance in the second half.
The company has developed 258 new SKUs in the current financial year, indicating a strong pipeline for future growth.

Negative

The Indian engineering business experienced a reduction in EBITDA and PAT margins due to an aggregate loss of about 5.7 crores from Harsha Advantage, primarily due to interest and depreciation charges.
The stamping segment faced a flat or slight degrowth due to a significant order drop from a major customer in the air conditioning consumer goods segment.
The solar division's sales were lower in the first half due to project delays caused by rain, impacting revenue.
The company's working capital cycle remains high at around 146 days, which could affect liquidity.
The new greenfield site at Bila is operating at less than 10% capacity utilization, indicating underutilization of resources and potential inefficiencies.

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

HRSH.NS - Harsha Engineers International Ltd
Q2 2026 Harsha Engineers International Ltd Earnings Call
Nov 06, 2025 / 10:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, good day and welcome to Hersha Engineers International Limited conference call. As a reminder, all participant lines will be listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need. Assistant during the conference call, please signal an operator by pressing then 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Vishal Dangwala, CEO of the company.

Thank you and over to you, sir.

--------------------------------------------------------------------------------
Unidentified_2 [2]
----------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.