Copper price volatility impacting Romania
Romania's performance is under pressure due to steep increase in copper prices that cannot be immediately passed on, leading to operating losses.
HARSHA / Q3-FY26 / risks
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Harsha Engineers International · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Slow ramp-up of Japanese customer business
Sales to Japanese customers remain slow due to program delays and global uncertainty, with revenue nearly stagnant at ~₹50 crore in 9M.
Wind demand weakness in Europe
Wind energy demand in Europe is not picking up, which impacts Romania's wind-related business and could delay recovery.
Advantic losses persisting longer than expected
Advantic subsidiary reported net loss of ₹3.7 crore in Q3 due to interest and depreciation; management expects improvement but no clear timeline to profitability.