Harsha Engineers reported consolidated Engineering segment revenue of INR1,444 crore and adjusted EBITDA of INR270 crore for FY26, with a 14% growth in India Engineering business.
The company outlined growth drivers including a 25-30% target for bushing sales, a 14% increase in large-size cages, and a 12% rise in sales to Japan-based customers for FY26.
Foreign subsidiaries reported a combined loss of INR9 crore, with China profitable at INR5 crore PAT but Romania loss-making at INR14 crore PAT, while the new Advantek unit aims for 3x sales growth in FY27.
Management guided for double-digit consolidated revenue growth in FY27, with India Engineering business expected to grow in the mid-teens while maintaining current margin profiles.