By BullScreen Editorial Team 
Harsha Engineers International Limited reported strong Q4 results 2026, driven by robust domestic demand, improving export business, and higher contributions from its bushing and solar segments.
The company posted consolidated revenue from operations of ₹473.9 crore in Q4 FY26, marking a 27.1% year-on-year rise compared to ₹373 crore in the same quarter last year. Full-year revenue climbed 15.6% to ₹1,626.8 crore, reflecting steady growth across key engineering businesses.
Harsha Engineers also delivered a sharp recovery in profitability during the quarter. Profit after tax stood at ₹47.2 crore in Q4 FY26 against a loss of ₹2.4 crore a year earlier. EBITDA surged to ₹83.9 crore from ₹18.5 crore in Q4 FY25, while EBITDA margin improved significantly to 17.7% from 5%.
The company said lower US import tariffs on select segments, strong European demand revival, and higher domestic engineering activity supported growth momentum during the quarter. The India engineering segment recorded 13.6% yearly revenue growth, with Q4 margins standing at a strong 24.2%.
Its solar business also emerged as a key growth driver, generating annual revenue of ₹183.2 crore with a net profit of ₹10 crore. Meanwhile, the bushing segment reported 25% year-on-year growth, benefiting from improving industrial demand.
Harsha Engineers further announced plans for a China brownfield expansion project, expected to become operational in the second half of FY2028. The company also continued reducing losses at overseas subsidiaries, including operations in Romania and China.
With exports contributing over 58% of consolidated engineering revenue, Harsha Engineers remains well-positioned to benefit from global industrial recovery trends and rising demand from leading bearing manufacturers.
| Metric | Q4 FY26 | Q4 FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹473.9 Cr | ₹373.0 Cr | ▲ 27.1% |
| EBITDA | ₹83.9 Cr | ₹18.5 Cr | ▲ 353% |
| EBITDA Margin | 17.7% | 5.0% | Strong Improvement |
| Profit After Tax (PAT) | ₹47.2 Cr | -₹2.4 Cr | Turned Positive |
| PAT Margin | 10.0% | -0.6% | Improved Sharply |
| EPS | ₹5.19 | -₹0.26 | Strong Recovery |
| Metric | Key Data |
|---|---|
| Full-Year Revenue | ₹1,626.8 Cr |
| Full-Year PAT | ₹155.2 Cr |
| Export Revenue Contribution | 58.1% of Engineering Revenue |
| India Engineering Revenue Growth | ▲ 13.6% YoY |
| Bushing Segment Growth | ▲ 25% YoY |
| Solar Business Revenue | ₹183.2 Cr |
| Solar Business PAT | ₹10 Cr |
| Adjusted EBITDA Growth | ▲ 24.2% YoY |
| Adjusted PAT Growth | ▲ 20.5% YoY |
| Metric | Details |
|---|---|
| Key Growth Drivers | Strong domestic demand, Europe export recovery, lower US tariffs |
| China Expansion Plan | Brownfield project operational by H2 FY2028 |
| Global Market Position | 6.5% global organized market share in bearing cages |
| Domestic Market Share | 50–60% share in India |
| Major Global Clients | SKF, Schaeffler, NSK, Timken, NTN, JTEKT |
| Product Portfolio | Over 7,500 engineering products |
| Foreign Subsidiary Performance | Losses reduced sharply in FY26 |
Source: https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6e02190-03c1-4b0a-bdc7-2120833e9607.pdf