Harsha Engineers International Limited — Quarter ended 31 March 2026 (Audited) and Year ended 31 March 2026 (Audited)
Standalone financial results (Audited)
| Particular | Quarter ended 31-Mar-26 (Audited Refer Note – (3)) | Quarter ended 31-Dec-25 (Unaudited) | Quarter ended 31-Mar-25 (Audited Refer Note – (3)) | Year ended 31-Mar-26 (Audited) | Year ended 31-Mar-25 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations | 35,585 | 32,231 | 29,099 | 1,22,820 | 1,08,930 |
| Other Income | 973 | 600 | 1,050 | 3,799 | 3,794 |
| TOTAL REVENUE | 36,558 | 32,831 | 30,149 | 1,26,619 | 1,12,724 |
| Cost of Material Consumed | 19,133 | 15,706 | 14,728 | 63,203 | 55,114 |
| Change in Inventories of Finished Goods & Work-in-progress | (28) | 946 | 450 | (374) | 612 |
| Employee Benefits Expenses (Refer Note 9) | 3,174 | 3,978 | 3,149 | 13,955 | 12,482 |
| Finance Costs | 55 | 85 | 47 | 259 | 450 |
| Depreciation and Amortization Expense | 746 | 754 | 713 | 2,994 | 2,867 |
| Other Expenses | 6,365 | 5,768 | 5,316 | 22,879 | 21,661 |
| Bad Debts Write Off / Net Sundry Balances write off (Refer Note 6) | (7) | 1 | 1,999 | (4) | 2,060 |
| TOTAL EXPENSES | 29,438 | 27,238 | 26,402 | 1,02,912 | 95,246 |
| PROFIT BEFORE EXCEPTIONAL ITEMS & TAX | 7,120 | 5,593 | 3,747 | 23,707 | 17,478 |
| Exceptional Items (Refer Note 7) | – | – | 9,501 | – | 9,501 |
| PROFIT BEFORE TAX | 7,120 | 5,593 | (5,754) | 23,707 | 7,977 |
| (a) Current Tax | 1,509 | 1,909 | 752 | 5,930 | 4,079 |
| (b) Deferred Tax | 294 | (485) | 190 | 97 | 362 |
| Total Tax Expenses | 1,803 | 1,424 | 942 | 6,027 | 4,441 |
| PROFIT AFTER TAX | 5,317 | 4,169 | (6,696) | 17,680 | 3,536 |
| Gains / (Loss) of Cashflow Hedge | (393) | 274 | (94) | (1,057) | (189) |
| Income tax relating to these items | 99 | (69) | 24 | 266 | 48 |
| Remeasurement of post-employment benefit obligations | 69 | 29 | (64) | 40 | (116) |
| Income tax relating to these items (OCI) | (15) | (8) | 16 | (8) | 29 |
| Other Comprehensive Income | (240) | 226 | (118) | (759) | (228) |
| Total Comprehensive Income | 5,077 | 4,395 | (6,814) | 16,921 | 3,308 |
| Paid-up equity share capital – face value of Rs. 10 each | 9,104 | 9,104 | 9,104 | 9,104 | 9,104 |
| Other Equity | 1,33,849 | 1,17,839 | |||
| Basic EPS – In Rs. (not annualised for the quarter) | 5.84 | 4.58 | (7.35) | 19.42 | 3.88 |
| Diluted EPS – In Rs. (not annualised for the quarter) | 5.84 | 4.58 | (7.35) | 19.42 | 3.88 |
Standalone segment reporting
| Particular | Quarter ended 31-Mar-26 Audited Refer Note – (3) | Quarter ended 31-Dec-25 Unaudited | Quarter ended 31-Mar-25 Audited Refer Note – (3) | Year ended 31-Mar-26 Audited | Year ended 31-Mar-25 Audited |
|---|---|---|---|---|---|
| a. Engineering & Others (Segment Revenues) | 26,401 | 26,260 | 24,834 | 1,04,497 | 95,050 |
| b. Solar-EPC and O&M (Segment Revenues) | 9,184 | 5,971 | 4,265 | 18,323 | 13,880 |
| Total Revenue from Operations | 35,585 | 32,231 | 29,099 | 1,22,820 | 1,08,930 |
| a. Engineering & Others (EBITDA) | 7,233 | 5,878 | (3,011) | 25,528 | 12,709 |
| b. Solar-EPC and O&M (EBITDA) | 688 | 554 | (1,983) | 1,432 | (1,415) |
| Total Operating Results (EBITDA) | 7,921 | 6,432 | (4,994) | 26,960 | 11,294 |
| a. Engineering & Others (PBT) | 6,437 | 5,045 | (3,754) | 22,300 | 9,437 |
| b. Solar-EPC and O&M (PBT) | 683 | 548 | (2,000) | 1,407 | (1,460) |
| Total Profit Before Tax (PBT) | 7,120 | 5,593 | (5,754) | 23,707 | 7,977 |
| a. Engineering & Others (Segment Assets) | 1,58,149 | 1,50,938 | 1,40,331 | 1,58,149 | 1,40,331 |
| b. Solar-EPC and O&M (Segment Assets) | 12,069 | 10,680 | 8,253 | 12,069 | 8,253 |
| Total Assets | 1,70,218 | 1,61,618 | 1,48,584 | 1,70,218 | 1,48,584 |
| a. Engineering & Others (Segment Liabilities) | 14,907 | 12,315 | 12,088 | 14,907 | 12,088 |
| b. Solar-EPC and O&M (Segment Liabilities) | 12,358 | 11,427 | 9,553 | 12,358 | 9,553 |
| Total Liabilities | 27,265 | 23,742 | 21,641 | 27,265 | 21,641 |
Standalone audited statement of assets and liabilities (as at 31 March 2026)
| Particulars | As at 31-Mar-26 (Audited) | As at 31-Mar-25 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-Current Assets | ||
| Property, Plant and Equipment | 28,859 | 26,353 |
| Capital Work-In-Progress | 558 | 3,182 |
| Other Intangible Assets | 85 | 18 |
| Financial Assets | ||
| Investments | 49,553 | 27,858 |
| Loans & Advances | 2,305 | 2,077 |
| Other Financial Assets | 55 | 42 |
| Other Tax Assets [Net] | 330 | 308 |
| Other Non-Current Assets | 858 | 947 |
| Total Non-Current Assets | 82,603 | 60,785 |
| Current Assets | ||
| Inventories | 28,602 | 27,154 |
| Financial Assets | ||
| Investments | 23,099 | 26,212 |
| Trade Receivables | 28,557 | 24,360 |
| Cash and Cash Equivalents | 1,703 | 782 |
| Bank Balance Other than Cash and Cash Equivalents | 1,053 | 5,740 |
| Loans & Advances | 512 | 1,512 |
| Other Financial Assets | 864 | 508 |
| Other Current Assets | 3,225 | 1,531 |
| Total Current Assets | 87,615 | 87,799 |
| TOTAL ASSETS | 1,70,218 | 1,48,584 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity Share Capital | 9,104 | 9,104 |
| Other Equity | 1,33,849 | 1,17,839 |
| Total Equity | 1,42,953 | 1,26,943 |
| Liabilities | ||
| Non-Current Liabilities | ||
| Financial Liabilities | ||
| Borrowings | 92 | 111 |
| Lease liabilities | 69 | 133 |
| Other Financial Liabilities | 341 | 404 |
| Provisions | 1,009 | 990 |
| Deferred Tax Liabilities (Net) | 1,840 | 1,732 |
| Total Non-Current Liabilities | 3,351 | 3,370 |
| Current Liabilities | ||
| Financial Liabilities | ||
| Borrowings | 4,312 | 2,117 |
| Lease liabilities | 64 | 62 |
| Trade Payables – Dues to Micro & Small Enterprises | 2,866 | 836 |
| Trade Payables – Dues to other than Micro & Small Enterprises | 11,911 | 11,883 |
| Other Financial Liabilities | 3,021 | 1,835 |
| Other Current Liabilities | 1,449 | 1,292 |
| Provisions | 291 | 246 |
| Total Current Liabilities | 23,914 | 18,271 |
| Total Liabilities | 27,265 | 21,641 |
| TOTAL EQUITY AND LIABILITIES | 1,70,218 | 1,48,584 |
Standalone audited cash flow statement (year ended 31 March 2026)
| Particulars | For the year ended 31-Mar-26 | For the year ended 31-Mar-25 |
|---|---|---|
| (A) CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net Profit Before Tax as per statement of Profit & Loss | 23,707 | 7,977 |
| Depreciation and Amortization Expenses | 2,994 | 2,867 |
| Interest Income | (1,163) | (1,404) |
| Finance Cost | 259 | 450 |
| Loss/(Profit) on Sale of Investment | (1,449) | (1,415) |
| Bad debts and Provision for doubtful trade receivables | (20) | 2,577 |
| Impairment of Equity Share of Subsidiary | – | 9,501 |
| Share of (Profit)/Loss from Joint venture / Associates | (53) | (29) |
| Loss / (Profit) on Sale of Assets | (7) | 16 |
| Operating Profit before Working Capital Changes | 24,268 | 20,540 |
| Inventories | (1,448) | 1,767 |
| Trade Receivables | (4,177) | (6) |
| Other Current Assets | (2,050) | 2,127 |
| Other Non-Current Assets | (18) | 195 |
| Trade Payables | 2,058 | 1,137 |
| Other Financial Liabilities | 1,008 | (458) |
| Other Current Liabilities | 157 | 120 |
| Provisions | (684) | (262) |
| Cash Generated from Operations | 19,114 | 25,160 |
| Income Taxes Paid | (5,947) | (4,155) |
| Net Cash Flow from Operating Activities (A) | 13,167 | 21,005 |
| (B) CASH FLOW FROM INVESTING ACTIVITIES | ||
| Acquisition of Property, Plant and Equipment, Capital Work-In-Progress and Other Intangibles | (3,151) | (6,756) |
| Proceeds from Sale of Property, Plant and Equipment | 413 | 74 |
| Sale /(Purchase) of Investments (Net) | (16,133) | (9,598) |
| Loans and Advances (Net) | (222) | (149) |
| Investment in fixed deposits with bank (Net) | 4,687 | 2,930 |
| Interest Income | 1,163 | 1,404 |
| Share of Profit /(Loss) from Joint venture / Associates | 53 | 29 |
| Net Cash Flow from Investing Activities (B) | (13,190) | (12,066) |
| (C) CASH FLOW FROM FINANCING ACTIVITIES | ||
| Dividend Paid | (911) | (911) |
| Repayment of Non-Current Borrowings | (19) | (17) |
| Finance Cost | (259) | (450) |
| Proceeds / (Repayment) of Current Borrowings (Net) | 2,133 | (7,793) |
| Net Cash Flow from Financing Activities (C) | 944 | (9,171) |
| (D) Net Increase/(Decrease) in Cash and Cash equivalents (A+B+C) | 921 | (232) |
| Cash and Cash Equivalents at the Beginning – Cash on Hand | 6 | 9 |
| Cash and Cash Equivalents at the Beginning – Balances with Banks | 776 | 1,005 |
| Cash and Cash Equivalents at the End – Cash on Hand | 4 | 6 |
| Cash and Cash Equivalents at the End – Balances with Banks | 1,699 | 776 |
Consolidated financial results (Audited)
| Particular | Quarter ended 31-Mar-26 (Audited Refer Note – (3)) | Quarter ended 31-Dec-25 (Unaudited) | Quarter ended 31-Mar-25 (Audited Refer Note – (3)) | Year ended 31-Mar-26 (Audited) | Year ended 31-Mar-25 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations | 47,391 | 40,925 | 37,297 | 1,62,679 | 1,40,765 |
| Other Income | 1,054 | 679 | 1,103 | 3,851 | 3,773 |
| TOTAL REVENUE | 48,445 | 41,604 | 38,400 | 1,66,530 | 1,44,538 |
| Cost of Material Consumed | 26,817 | 20,807 | 18,869 | 87,584 | 72,883 |
| Change in Inventories of Finished Goods & Work-in-progress | (1,000) | 289 | 1,311 | (2,684) | 985 |
| Employee Benefits Expenses (Refer Note 10) | 5,374 | 5,786 | 4,559 | 21,500 | 18,155 |
| Finance Costs | 580 | 484 | 146 | 1,626 | 877 |
| Depreciation and Amortization Expense | 1,276 | 1,203 | 986 | 4,666 | 4,054 |
| Other Expenses | 8,865 | 8,311 | 7,043 | 32,282 | 29,188 |
| Bad Debts Write Off / Net Sundry Balances write off (Refer Note 7) | (6) | 1 | 1,999 | 31 | 2,060 |
| TOTAL EXPENSES | 41,906 | 36,881 | 34,913 | 1,45,005 | 1,28,202 |
| PROFIT BEFORE EXCEPTIONAL ITEMS & TAX | 6,539 | 4,723 | 3,487 | 21,525 | 16,336 |
| Exceptional Items (Refer Note 8) | – | – | 2,768 | – | 2,768 |
| PROFIT BEFORE TAX | 6,539 | 4,723 | 719 | 21,525 | 13,568 |
| (a) Current Tax | 1,558 | 1,951 | 769 | 6,085 | 4,120 |
| (b) Deferred Tax | 258 | (588) | 189 | (80) | 517 |
| Total Tax Expenses | 1,816 | 1,363 | 958 | 6,005 | 4,637 |
| PROFIT AFTER TAX | 4,723 | 3,360 | (239) | 15,520 | 8,931 |
| Gains / (Loss) of Cashflow Hedge | (393) | 274 | (94) | (1,057) | (189) |
| Income tax relating to these items | 99 | (69) | 24 | 266 | 48 |
| Remeasurement of post-employment benefit obligations | 77 | 38 | (65) | 57 | (117) |
| Income tax relating to these items (OCI) | (17) | (9) | 16 | (11) | 29 |