Harsha Engineers International Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
HARSHA · price
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Harsha Engineers reported strong audited standalone FY2026 results with revenue from operations of Rs 1,22,820 lakhs, up 12.7% from Rs 1,08,930 lakhs in FY2025. Profit after tax surged to Rs 17,680 lakhs from Rs 3,536 lakhs (400% increase), though the prior year was impacted by a Rs 9,501 lakh exceptional item related to impairment of investment in subsidiary Harsha Engineers Europe SRL. The company recommended a final dividend of Rs 1.5 per share (15%) subject to shareholder approval at the 16th AGM on July 23, 2026. EBITDA grew to Rs 26,960 lakhs from Rs 11,294 lakhs, indicating significant margin expansion. Segment-wise, Engineering & Others contributed revenue of Rs 1,04,497 lakhs while the Solar-EPC division turned around with EBITDA of Rs 1,432 lakhs versus a loss of Rs 1,415 lakhs previously. Statutory auditors Pankaj R. Shah & Associates issued unmodified (clean) opinions on both standalone and consolidated results.
Strong operational performance with margin expansion and Solar-EPC turnaround. Clean audit opinion provides assurance to shareholders. Dividend declaration and ESOP scheme approval signal management confidence. Auditor change to M/s Mukesh M. Shah & Co from conclusion of ensuing AGM.