Harsha Engineers International Ltd (NSE:HARSHA)

Q4 2026 Harsha Engineers International Ltd Earnings Call Transcript

May 7, 2026 / 11:00 AM GMT

Release Date Price: ₹438.75 (+11.70%)

Transcript

Key Points

Positve

Harsha Engineers International Ltd (BOM:543600) reported a strong overall growth of around 14% in FY 2026, driven by robust performance in the India engineering business.
The company's bushing segment posted a 25% growth over the last financial year, with plans for aggressive growth of 25% to 30% in the current year.
Sales to Japan-based customers grew by approximately 12% in 2026, indicating successful market penetration.
The company's solar business achieved strong top-line and bottom-line growth due to favorable government policies and increased awareness.
Capacity utilization in the Advantech unit is improving, with expectations for sales to grow at least three times in FY27.

Negative

The Romania subsidiary continues to perform below expectations, with negative EBITDA contributing to combined foreign subsidiary losses of about 11 crore in FY26.
Despite positive EBITDA, the Advantech unit reported a combined loss of 11.4 crore due to higher depreciation and interest.
The company faces ongoing inflationary pressures in Europe, impacting cost structures and profitability.
The global turmoil and potential short-term impacts from geopolitical tensions could affect business operations.
The company's overall working capital cycle remains high at around 130 days, indicating potential inefficiencies in cash flow management.

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

HRSH.NS - Harsha Engineers International Ltd
Q4 2026 Harsha Engineers International Ltd Earnings Call
May 07, 2026 / 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 Harsha 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 star and then zero on your touchtone phone.

Please note that this conference is being recorded.

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

Thank you and over to you Mr. Vishal Rangwala.

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