Adani Ports PAT Soars 29% to ₹3,120 Cr in Q2 FY26
04 Nov 2025
Harsha Engineers International Q2 FY26 financial results analysis with strong performance across Engineering & Solar segments
₹ 388
-2.33% decreased today
06 Nov - 3:30 p.m.
Financial Performance Overview
Ahmedabad, India, November 6, 2025: Harsha Engineers International Limited, one of India's leading precision engineering and bearing components manufacturers, announced its financial results for the quarter ended 30th September 2025, delivering steady performance across business segments.
Key Financial Highlights (Q2 FY26 - Standalone)
Revenue
₹278.76 Cr
Steady Performance
PAT
₹82.0 Cr
Strong Profitability
EBITDA
₹60.5 Cr
Healthy Margins
EPS
₹4.29
Per Share
Engineering Revenue
₹263.5 Cr
Core Business
Solar Revenue
₹15.2 Cr
EPC Segment
Quarterly Performance Comparison (Standalone)
| Financial Metric | Q2 FY26 | Q2 FY25 | YoY Change | Performance |
|---|---|---|---|---|
| Revenue (₹ Cr) | 278.76 | 271.97 | +2.5% | Stable |
| PAT (₹ Cr) | 82.0 | 79.4 | +3.3% | Growth |
| EBITDA (₹ Cr) | 60.5 | 52.6 | +15.0% | Strong |
| EPS (₹) | 4.29 | 3.60 | +19.2% | Excellent |
Business Segment Performance
Engineering & Others Segment
Quarterly Revenue
₹263.5 Cr
Core Business
Segment PBT
₹51.5 Cr
Strong Profitability
Segment EBITDA
₹59.5 Cr
Healthy Margins
Solar-EPC and O&M Segment
Quarterly Revenue
₹15.2 Cr
Diversified Business
Segment PBT
₹0.95 Cr
Positive Contribution
Segment EBITDA
₹1.0 Cr
Stable Performance
Half Year Performance (H1 FY26)
Half Year Financial Summary (Standalone)
| Financial Metric | H1 FY26 | H1 FY25 | YoY Change |
|---|---|---|---|
| Revenue (₹ Cr) | 550.04 | 530.27 | +3.7% |
| PAT (₹ Cr) | 163.9 | 142.7 | +14.9% |
| EBITDA (₹ Cr) | 126.1 | 112.9 | +11.7% |
| EPS (₹) | 9.00 | 7.83 | +14.9% |
Consolidated Performance
Consolidated Results Overview
Consolidated Revenue
₹378.3 Cr
Q2 FY26
Consolidated PAT
₹36.44 Cr
Q2 FY26
Consolidated EPS
₹4.00
Per Share
🏢 Subsidiaries & Joint Ventures
IPO Fund Utilization Status
IPO Proceeds Utilization (as of 30 September 2025)
| Purpose | Amount Proposed (₹ Cr) | Amount Utilized (₹ Cr) | Status |
|---|---|---|---|
| Repayment of Borrowings | 270.00 | 270.00 | Completed |
| Capital Expenditure (Machinery) | 77.95 | 77.95 | Completed |
| Infrastructure Repairs & Renovation | 7.12 | 7.12 | Completed |
| General Corporate Purposes | 74.33 | 74.33 | Completed |
| Total | 429.40 | 429.40 | 100% Utilized |
Stock Performance & Key Metrics
Harsha Engineers International Stock Analysis
Market Cap
₹3,519 Cr
Current Price
₹388
52W High / Low
₹560 / ₹330
Stock P/E
30.1
Book Value
₹144
Dividend Yield
0.26%
ROCE
12.1%
ROE
8.75%
Face Value
₹10.00
EPS
₹10.8
Debt to Equity
0.24
About Harsha Engineers International Limited
Company Overview
Harsha Engineers International Limited is one of India's leading manufacturers of precision bearing components and engineering products. Established in 2010, the company has grown to become a significant player in the precision engineering space with diversified operations including solar EPC services.
🎯 Business Highlights
Overall Performance Assessment: Harsha Engineers International delivered a steady Q2 FY26 performance with standalone PAT of ₹36.44 Cr, demonstrating resilience in its core engineering business while maintaining diversified operations in solar EPC. The company showed improved EBITDA margins and consistent EPS growth. With complete utilization of IPO proceeds and strong balance sheet position (low debt-to-equity ratio of 0.24), the company is well-positioned for future growth. The stock trades at a P/E of 30.1, reflecting investor confidence in the company's precision engineering capabilities and diversified business model. The company's focus on quality, technological advancement, and global expansion through subsidiaries provides a solid foundation for sustained growth in the precision engineering sector.
