What was Harsha Engineers International's revenue in Q4 FY26?

Harsha Engineers International reported revenue of ₹474 Cr in Q4 FY26, a +27% change year-over-year.

Did Harsha Engineers International management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Harsha Engineers International Q4 FY26 Research Workspace: Revenue ₹474 Cr (+27%)

Q: What guidance did Harsha Engineers International management give?

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

Revenue ₹474 Cr +27%

EBITDA ₹77 Cr +16.7%

PAT ₹47 Cr

EBITDA Margin 15%

Duration 60 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Harsha Engineers reported a strong Q4 FY26 with consolidated revenue of ₹382 crore (up 27% YoY), driven by solar business doubling and engineering segment growing 15.7%. EBITDA stood at ₹77 crore with margins improving to ~20% on better export mix and cost control. Full-year engineering revenue reached ₹1,444 crore (up 14% YoY) with adjusted EBITDA of ₹270 crore. Key growth drivers included bushing revenue of ₹127 crore (up 25%), large-size cages up 14%, and Japan customer sales up 12%. Management guided for double-digit overall growth in FY27, with India engineering growing faster, and expects to maintain or improve margins. The China expansion is on track for H2 FY28. Risks include continued losses at Romania subsidiary due to inflationary pressures and slow demand recovery in Europe.

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Research workspace

Focused Modules

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Risk Intelligence

Romania subsidiary losses persist

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Quarter Snapshot

Bushing Revenue (FY26) ₹127 Cr

+25% YoY

Bushing segment grew 25% in FY26, driven by design conversion in wind gearboxes.

Large-Size Cage Sales (FY26) ₹49 Cr

+14% YoY

Large-size cage sales grew 14% in FY26; management expects mid-teens growth continuing.

Japan Customer Sales (FY26) ₹73 Cr

+12% YoY

Sales to Japan-based customers grew 12% in FY26; wallet share expansion ongoing.

New SKUs Developed (Annual) 500-600

N/A

Company develops 500-600 new SKUs annually, indicating strong product pipeline.

Fast read

Guidance and risk preview

Top guidance Overall double-digit revenue growth in FY27

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

Top risk Romania subsidiary losses persist

Romania continues to report negative EBITDA due to inflationary pressures and slow demand recovery in Europe.