Harsha Engineers International Limited has informed the Exchange that Board of Directors at its meeting held on May 08, 2025, recommended Final Dividend of Re. 1 per equity share.
HARSHA · price
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Harsha Engineers International Limited's Board, at its May 8, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025 with an unmodified auditor opinion. The Board recommended a final dividend of Re. 1 per equity share (face value Rs. 10, i.e. 10%) for FY25, subject to shareholder approval at the AGM on September 12, 2025. The record date is fixed as August 29, 2025. Standalone FY25 revenue from operations rose marginally to Rs. 1,08,930 lakhs (vs Rs. 1,08,094 lakhs in FY24), but standalone PAT dropped sharply to Rs. 3,536 lakhs from Rs. 12,691 lakhs, mainly due to a Rs. 9,501 lakh exceptional impairment on the Romania subsidiary investment and Rs. 1,999 lakh in bad-debt write-offs in the Solar-EPC segment during Q4. On a consolidated basis, FY25 PAT fell to Rs. 8,931 lakhs (vs Rs. 11,143 lakhs) with EBITDA margins compressing to 13.14% from 14.43%. The Board also appointed Secretarial, Cost and Internal Auditors for FY26.
The Re. 1 dividend is modest and likely a low-yield payout at current market price, offering limited income appeal. The sharp FY25 profit decline, driven by a one-time subsidiary impairment and Solar-EPC write-offs, is the bigger concern and may weigh on near-term sentiment despite stable top-line growth.