Harsha Engineers International Management Guidance Tracker

8 forward-looking guidance items tracked across 2 quarters.

Revenue

Q3 FY26FY26 overall revenue growth ~10%Active

Management expects overall revenue growth of a little over 10% for FY26, with Q4 continuing similar run rate.

Q4 FY26Overall double-digit revenue growth in FY27Tracked

Management expects overall double-digit topline growth in FY27, with India engineering growing faster.

Q4 FY26Advantage subsidiary to reach ₹250-300 Cr turnover in 2 yearsTracked

Current installed capacity at Advantage can generate ₹250-300 Cr turnover at peak, expected in two years.

Margins

Q3 FY26India engineering EBITDA margin 20-23%Active

India engineering business EBITDA margin expected to remain in the 20-23% range, with absolute margin improvement year-over-year.

Q4 FY26EBITDA margin improvement of 100-200 bps over 2-3 yearsTracked

Management expects overall EBITDA margin to improve by 100-200 basis points over the next 2-3 years.

Expansion

Q3 FY26China expansion to double revenue at maturityTracked

The $9.94M brownfield expansion in China is expected to double current China revenue at full maturity, with operational target before end of FY28.

Growth

Q3 FY26Advantic to reach optimum level in ~2 yearsTracked

The new Advantic facility is expected to reach optimum capacity utilization within two years from capitalization, with peak revenue ~2x plant & machinery investment.

Q4 FY26Bushing segment growth of 25-30% in FY27Tracked

Bushing revenue expected to grow 25-30% in FY27, similar to FY26 trajectory.