Investor Presentation

Here's the summary for Harsha Engineers International Limited: **1. Financial Highlights:** Q1 FY26 consolidated revenue was **₹365.29 Cr** (up from **₹343.16 Cr** year-over-year). EBITDA hit **₹66.16 Cr** (18.1% margin); PAT **₹37.93 Cr** (10.4% margin). Working capital saw improvements.

Most IPO funds are deployed for debt reduction and capital expenditure. **2. Strategic Initiatives & Growth Drivers:** The new Bhayla Plant Phase-1 is now commercial.

Exports from India hint at demand revival in Europe and China.

The Bronze Bushing segment secured a new multinational customer contract worth **₹117 Cr** annually.

Focus includes EV sector expansion and market leadership. **3. Business Developments:** Harsha Romania's 18% top-line growth signals European demand recovery; Harsha China also grew.

Foreign subsidiaries faced losses, mainly from Romania's negative EBITDA.

The Solar business remained stable with positive EBITDA and PAT. **4. Market Position & Competitive Advantage:** India's largest precision bearing cage manufacturer, Harsha Engineers holds 50-60% domestic and 6.5% global organized market share.

It supplies to the top 6 global bearing manufacturers.

In-house tooling, design, and automation is a key competitive edge. **5. Investor Implications:** New capacity and rising exports suggest positive growth potential.

The new bronze bushing contract is a significant positive.

Investors should monitor successful facility scaling and international operations' profitability.