Harsha Engg Intl
Harsha Engg Intl Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
India Engineering business expected to grow in low to mid-teen range in FY 2026. The company is optimistic about long-term growth, targeting INR 253-300 crores over about 3+ years, though exact timelines are uncertain.
From Harsha Engg Intl's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- India Engineering business expected to grow in low to mid-teen range in FY 2026.
- Consolidated top-line growth targeted at higher single digits for FY 2026.
- Romania facility showing positive growth with increased finished product mix; expected to sustain and improve over medium term.
- Advantek (Bhayla plant) capacity to ramp up over 2 to 2.5 years with breakeven and positive margins anticipated within 1 year.
- Large-sized cages segment growing strongly with 33% growth in H1 FY 26, expected to continue positively albeit with market volatility.
- Bushings business has a strong order pipeline (~INR117 crores), with continued new wins and increased wallet share planned.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Harsha Engg Intl said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Harsha Engineers has undertaken capex of INR 300+ crores, with around INR 250 crores allocated to the Advantek subsidiary (Bhayla facility).
- The Bhayla facility includes incremental bush manufacturing capacity, large-size cages, and stamping expansion.
- Current utilization at Bhayla is under 10%; optimal utilization expected in 2 to 2.5 years.
- Major capex for Bhayla is mostly completed, with some incremental lines planned next year.
- Consol-level capex for H1 FY26 was around INR 68 crores; full-year target is INR 110-120 crores.
- Additional capex plans for FY27 will be communicated in the next quarter.
2 more points management made on capital expenditure plans
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 Engg Intl said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The company maintains long-term contracts with customers, typically spanning 5 to 10 years or longer, providing strong visibility on order intake.
- The current purchase order (PO) situation is PO-to-PO, indicating orders are tracked continuously.
- Over 258 SKUs have been developed in the current financial year with a pipeline of more than 8,500 SKUs, indicating a robust medium to long-term order pipeline.
- For the short term (3 to 6 months), the outlook is fairly robust but cautious as customers give forecasts that are not fully guaranteed to sustain.
2 more points management made on order book & pipeline
Harsha Engg Intl — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹474 Cr, net profit ₹47 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Harsha Engg Intl's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 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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Frequently Asked Questions
What were Harsha Engg Intl Q2 FY26 results?
India Engineering business expected to grow in low to mid-teen range in FY 2026. The company is optimistic about long-term growth, targeting INR 253-300 crores over about 3+ years, though exact timelines are uncertain.
What is Harsha Engg Intl share price analysis?
Harsha Engg Intl currently shows a neutral. The stock trades at a P/E of 24.3 with a market cap of ₹3,753 Cr. Investors should review the full earnings analysis for detailed insights.
Is Harsha Engg Intl planning capital expenditure?
Harsha Engineers has undertaken capex of INR 300+ crores, with around INR 250 crores allocated to the Advantek subsidiary (Bhayla facility).
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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.