Harsha Engineers International Limited (NSE: HARSHA, BSE: 543600) reported unaudited financial results for the third quarter and nine months ended December 31, 2025, showing continued year-on-year revenue and profit growth driven by demand across engineering and solar business segments.
The Ahmedabad-based precision engineering company said consolidated revenue from operations for Q3 FY26 rose to ₹409.25 crore, up from ₹338.94 crore in the same quarter of the previous year. Total consolidated revenue for the period, including other income, reached ₹416.04 crore.
Quarterly Performance
Harsha Engineers reported a profit after tax (PAT) of ₹33.60 crore for Q3 FY26, compared with ₹26.69 crore in Q3 FY25. The increase reflects higher operational scale and improved absorption of fixed costs.
Earnings per share for the quarter were ₹3.69, up from ₹2.93 a year ago. The company said operating profit before depreciation, interest and taxes (EBITDA) for the quarter was ₹64.10 crore, with an EBITDA margin of 15.7%, compared with 14.6% in Q3 FY25.
Segment results show improved performance in Harsha’s core engineering business in India, with revenue from that segment rising to ₹27.37 crore (in lakhs) and PAT at ₹33.70 crore. The solar business also contributed to revenue, with ₹59.71 crore in sales and an EBITDA of ₹5.54 crore for the quarter.
Profitability and Margins
Harsha maintained solid margins in Q3 FY26. The profit after tax margin stood at 8.2%, compared with 7.9% in Q3 FY25, reflecting operational efficiencies and cost control. Finance costs were ₹4.84 crore, up from ₹2.13 crore a year earlier, as the company invested in capacity expansions.
Depreciation and amortization for the quarter increased to ₹12.03 crore, compared with ₹10.08 crore in the prior year, due largely to investments in new manufacturing infrastructure.
Nine-Month Results
For the nine months ended December 31, 2025, Harsha Engineers posted consolidated revenue of ₹1,152.88 crore, compared with ₹1,034.68 crore in the same period of the previous fiscal year. PAT for the nine-month period was ₹107.97 crore, up from ₹91.70 crore year-on-year.
EBITDA for the nine months increased to ₹194.22 crore, with a margin of about 16.8%, compared with EBITDA of ₹166.48 crore and a 16.1% margin for the same period last year.
Operational Context
Harsha Engineers operates manufacturing facilities in India and overseas, specializing in precision bearing cages and engineered components used in transportation, industrial machinery, and other capital-intensive sectors. The company also expanded its solar EPC and O&M business, contributing to segment revenue.
The company noted a one-time gratuity and leave encashment provision under new labor code regulations amounting to ₹5.97 crore in Q3 FY26, which marginally affected adjusted profitability.
Outlook and Strategy
While the earnings presentation did not include detailed forward guidance, Harsha Engineers highlighted ongoing investments in capacity expansion, especially in China and solar business segments. The company is also continuing diversification into new precision components to broaden its product portfolio. Harsha Engineers’ results for the quarter reflect continued operational scale and profitability improvements amid varied global demand conditions, with growth in both core engineering and solar segments underpinning reported financials.