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Harsha Engineers International Ltd Q2FY24; 29% fall in Profits

Incorporated in 2010, Harsha Engineers Ltd is a leading engineering company that offers a diversified suite of products across geographies and end-user industries. It manufactures brass, steel, and polyamide cages and stamped components with production facilities located in Asia (India & China) and in Europe (Romania).

Financial Results:

  • Harsha Engineers International Ltd reported Revenues for Q2FY24 of ₹339.00 Crores up from ₹322.00 Crore year on year, a rise of 5.28%.
  • Total Expenses for Q2FY24 of ₹316.00 Crores up from ₹289.00 Crores year on year, a rise of 9.34%.
  • Consolidated Net Profit of ₹20.00 Crores down 28.57% from ₹28.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹2.24, down 27.27% from ₹3.08 in the same quarter of the previous year.
Tags: Engineering
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