Harsha Engineers Q1 FY27 Consolidated Revenue Up 25.2% YoY to ₹45,743 Lakhs
Harsha Engineers International reported Q1 FY2027 consolidated revenue of ₹45,743 lakhs, up 25.2% YoY. India Engineering business grew 21% YoY. EBITDA and PAT margins compressed due to raw material costs and forex loss. Advantek reported ₹30 crores revenue with a Q1 loss but is projected to be PAT positive for the year.
The announcement provides detailed financial results for the quarter, including revenue growth, segment performance, and subsidiary performance, which are key metrics for investors and stakeholders. The forward-looking statements about future growth and recovery of subsidiaries also contribute to the high impact.
The company reported a significant year-on-year revenue growth of 25.2%, indicating strong business performance and demand. While margins faced some pressure, the overall outlook remains positive with growth expected in key segments and subsidiaries.
Harsha Engineers International Limited announced its unaudited financial results for the quarter ended June 30, 2026. The consolidated revenue for Q1 FY2027 grew by 25.2% year-on-year, reaching ₹45,743 lakhs. This growth was driven by strong demand trends in India and improving demand for industrials in key markets of Europe and ROW.
The India Engineering business (HEIL + Advantek) posted a 21% growth on a YoY basis. However, EBITDA and PAT margins in the India Engineering Business saw compression due to a raw material cost increase of approximately 6-8%, a forex loss of around ₹4 crores on settlement of cash flow hedges, and higher indirect material costs of about ₹3 crores.
Harsha Advantek, the wholly-owned subsidiary, reported revenues of ₹30 crores in Q1 FY2027, a 7% growth quarter-on-quarter. While Advantek reported a slightly lower EBITDA, resulting in a PAT loss of ₹4.3 crores in Q1 FY2027, it is expected to be PAT positive for the full year. Sales of Bushings grew by 34.7% YoY to ₹34 crores, and sales of Stampings increased by 31% YoY to ₹19 crores, both on track to achieve over 30% growth over FY2026.
Sales of large-size cages were flat YoY at ₹10 crores, but significant offtake is expected to drive over 30% growth compared to FY2026. Harsha Romania continued its underperformance with negative EBITDA and PAT in Q1 FY2027. This was offset by the positive performance of Harsha China, resulting in a combined net loss of approximately ₹3.3 crores for foreign subsidiaries in Q1 FY2027. The targeted combined net loss for the full year for these subsidiaries is expected to be in the lower single digits, compared to a loss of around ₹10 crores in FY2026.
The China Brownfield expansion project is on track for commissioning in Q3 FY2028. The company also highlighted its financial performance, with Consolidated Revenue at ₹45,743 lakhs, EBITDA at ₹7,261 lakhs (margin 15.9%), and PAT at ₹3,738 lakhs (margin 8.2%) for Q1 FY2027. Basic Earnings per Share stood at ₹4.11.
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