Harsha Engineers reported a robust Q1 FY27: consolidated engineering revenue jumped 25% YoY to Rs. 421 Cr.

Margins faced temporary headwinds from raw material costs and FX losses, which are expected to normalize through pass-throughs.

Bushing (+35% YoY) and Stamping (+31% YoY) segments saw strong growth with solid pipelines.

Harsha Advantek aims for profitability by FY27. Foreign operations are improving, with China profitable and targeted reductions in Romania’s losses.

Management is confident in high-teen India growth and low-to-medium teen consolidated growth for FY27, with a positive outlook on future demand and margin recovery as strategic capacity expansions progress.