Harsha Engineers International Ltd
Harsha Engineers International Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
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What the Q1 FY27 call signalled
2 of 4 strong
The short version
India Engineering business expected to grow in higher-teens percentage range (15%+). - Overall consolidated sales growth anticipated in low-to-mid teens (12%-15%). - Bhayla Phase-1 and Phase-2 combined revenue target of Rs. India Engineering business expected to grow strongly in higher-teens in sales with sustainable EBITDA margins of 20-22%.
From Harsha Engineers International Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- India Engineering business expected to grow in higher-teens percentage range (15%+).
- Overall consolidated sales growth anticipated in low-to-mid teens (12%-15%).
- Bhayla Phase-1 and Phase-2 combined revenue target of Rs. 300-400 crores by the third year.
- Bhayla revenue target for FY27 set at Rs. 140 crores with good visibility and demand.
- China subsidiary expected double-digit revenue growth, around 10% for current financial year; significant ramp-up post FY29 following Phase-2 expansion.
- Romanian subsidiary expected to reduce losses significantly, aiming for breakeven in near future.
- Japan-based customer sales expected moderate growth of about 10% for FY27.
- Bushings and Stamping segments growing over 30%, driven by conversion and new products pipeline.
2 more points from Harsha Engineers International Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Ongoing Brownfield expansion in China (Phase-2) is on track with building construction started; expected commissioning by Q3 FY28; revenue impact from FY29 onward.
- Bhayla plant expansion (Phase-1 and Phase-2) is progressing; building construction started recently; Phase-2 products are different stamping products; full ramp-up expected within one year.
- Major CapEx planned for FY27 and FY28 totaling around Rs. 180-200 crores over 1.5 to 2 years; Rs. 50-80 crores expected per year.
- CapEx focused on capacity building for Bushings, Stamping, and large-size Cages, including advanced Bushings development.
2 more points from Harsha Engineers International Ltd's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Harsha Engineers International Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Large size Cages order book has good visibility and pipeline, supporting over 30% expected growth despite a lower Q1 performance due to ramp-up challenges.
- Bushings have strong order visibility and a good pipeline, with a targeted 30% sales growth for FY27.
- Stamping business has a strong pipeline with many new products under development, expecting about 30% growth in FY27.
- Bhayla plant expansion is ongoing with good traction in large Cages, Stamping components, and Bushings, supporting confident demand visibility.
2 more points from Harsha Engineers International Ltd's call on order book
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Harsha Engineers International Ltd — Quarterly revenue & net profit
Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹474 Cr, net profit ₹47 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Harsha Engineers International Ltd's management said in earlier quarters
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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- Bedmutha Indus. (Q1 FY27)
Revenue from Operations for the year ended March 31, 2026: Rs 1466.74 crores versus Rs 1049.33 crores for March 31, 2025, indicating a significant year-on-year…
- Horizon Reclaim (Q1 FY27)
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Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Harsha Engineers International Ltd Q1 FY27 results?
India Engineering business expected to grow in higher-teens percentage range (15%+). - Overall consolidated sales growth anticipated in low-to-mid teens (12%-15%). - Bhayla Phase-1 and Phase-2 combined revenue target of Rs. India Engineering business expected to grow strongly in higher-teens in sales with sustainable EBITDA margins of 20-22%.
What is Harsha Engineers International Ltd share price analysis?
Harsha Engineers International Ltd currently shows a below-average growth signal. The stock trades at a P/E of 25.8 with a market cap of ₹3,984 Cr. Investors should review the full earnings analysis for detailed insights.
Is Harsha Engineers International Ltd planning capital expenditure?
Ongoing Brownfield expansion in China (Phase-2) is on track with building construction started; expected commissioning by Q3 FY28; revenue impact from FY29 onward. - Bhayla plant expansion (Phase-1 and Phase-2) is progressing; building construction started recently; Phase-2 products are different stamping products; full ramp-up expected within one year. - Major CapEx planned for FY27 and FY28 totaling around Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.