HARSHAHarsha Engineers International Ltd.
Harsha Engineers International Q2 FY27 Results: Consolidated Net Profit ₹45.03 Crore on Total Income of ₹447 Crore
- Earnings
- Bearings and engineering components
Reviewed byRachit TripathiBlacklitt Research
Harsha Engineers International (NSE: HARSHA) reported consolidated total income of ₹447.05 crore and net profit of ₹45.03 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was ₹309.95 crore and standalone net profit ₹49.36 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹447.05 crore, up 15.0% YoY and down 3.4% QoQ
- Net profit and EPS: ₹45.03 crore, up 23.6% YoY; basic EPS ₹4.95
- Finance costs: ₹6.14 crore, against ₹3.05 crore a year earlier
Standalone
The company on its own, without its subsidiaries
- Total income: ₹309.95 crore, up 7.3% YoY and down 4.1% QoQ
- Net profit and EPS: ₹49.36 crore, up 26.5% YoY; basic EPS ₹5.42
- Other income: ₹7.48 crore, down 26.9% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 447 | 389 | +15.0% | 463 | -3.4% | |
| Revenue from operations | 440 | 378 | +16.3% | 457 | -3.8% |
| Other income | 7 | 10 | -32.5% | 5 | +35.7% |
| 45 | 36 | +23.6% | 37 | +20.5% | |
| Profit before tax | 61 | 50 | +24.0% | 53 | +16.0% |
| Finance costs | 6 | 3 | +101.3% | 6 | +5.3% |
| Depreciation | 14 | 11 | +25.6% | 14 | +3.3% |
| Tax expense | 16 | 13 | +25.2% | 16 | +5.2% |
| Net profit margin | 10.07% | 9.38% | +0.70 pp | 8.08% | +1.99 pp |
| EPS, basic (₹) | 4.95 | 4.00 | +23.8% | 4.11 | +20.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than income this quarter. Consolidated net profit of ₹45.03 crore rose 23.6% from ₹36.44 crore a year earlier, while total income rose 15.0%.
Finance costs of ₹6.14 crore are 1.4% of total income, against ₹3.05 crore a year earlier, when they were a smaller share of the quarter's income.
The auditors' review gives the subsidiaries' revenue and a net loss after tax for the quarter before consolidation eliminations, and the joint venture's share of profit as based on unreviewed information.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 310 | 289 | +7.3% | 323 | -4.1% | |
| Revenue from operations | 302 | 279 | +8.5% | 316 | -4.4% |
| Other income | 7 | 10 | -26.9% | 7 | +8.4% |
| 49 | 39 | +26.5% | 46 | +8.1% | |
| Profit before tax | 66 | 52 | +25.6% | 61 | +7.6% |
| Finance costs | 1 | 1 | +50.9% | 1 | +11.1% |
| Depreciation | 8 | 8 | +4.3% | 8 | +1.7% |
| Tax expense | 16 | 13 | +23.2% | 15 | +6.3% |
| Net profit margin | 15.93% | 13.51% | +2.42 pp | 14.13% | +1.79 pp |
| EPS, basic (₹) | 5.42 | 4.29 | +26.3% | 5.02 | +8.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit of ₹49.36 crore rose 26.5% YoY, faster than total income, which rose 7.3% to ₹309.95 crore. Profit before tax of ₹65.83 crore rose 25.6%, and tax of ₹16.47 crore is 25.0% of that profit before tax.
Other income of ₹7.48 crore fell 26.9% from ₹10.23 crore a year earlier and is 2.4% of total income. Standalone net profit is ₹4.33 crore higher than the consolidated figure of ₹45.03 crore for the same quarter.
Quarter on quarter, standalone net profit rose 8.1% while total income fell 4.1%.
Inference
The auditors' limited review of both the standalone and consolidated results reports an unmodified conclusion, and the statement notes that previous-period figures have been regrouped and restated where necessary to make them comparable. The filing describes Solar-EPC and O&M revenue of ₹11.92 crore in the quarter against ₹36.35 crore in the quarter ended 30 Jun 2026, a movement the filing does not explain.
The filing does not state the reason for the fall in standalone other income or for the rise in consolidated finance costs, and it contains no dividend declaration.
Filed with BSE on . Reference: Original filing (PDF)
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