Board approves September 2026 quarter and half year results; auditors' review conclusion unmodified
Board met on November 3, 2026 (2:30 p.m. to 4:00 p.m.) and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, as recommended by the Audit Committee.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 44,009 | 37,834 | +16.3% | 45,743 | −3.8% |
| Total income | 44,705 | 38,865 | +15% | 46,256 | −3.4% |
| Profit before tax | 6,147 | 4,957 | +24% | 5,300 | +16% |
| Profit after tax | 4,503 | 3,644 | +23.6% | 3,738 | +20.5% |
| Total comprehensive income | 4,723 | 3,374 | +40% | 4,386 | +7.7% |
| Basic EPS | 4.95 | 4.00 | +23.8% | 4.11 | +20.4% |
- Profit after tax - Year ago
- 3,644 (+23.6%)
- Period
- 30-Sep-26
Auditor's review
Conclusion: Unmodified
Board meeting outcome
Harsha Engineers International Ltd's board met on Tuesday, November 3, 2026, from 2:30 p.m. to 4:00 p.m. and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, as recommended by the Audit Committee.
Auditor's review conclusion
- The limited review reports are from Mukesh M. Shah & Co., Chartered Accountants.
- Both the standalone and the consolidated reports carry an unmodified conclusion: nothing came to the auditors' attention that causes them to believe the statements contain a material misstatement or fail the prescribed disclosures.
- A limited review is narrower in scope than a full audit, and the auditors state they do not express an audit opinion.
- Comparative figures for the September 2025 quarter and the year ended March 31, 2026 were reviewed by the predecessor auditors, who expressed an unmodified conclusion, and the current report is not modified in respect of these matters.
Headline numbers, standalone (Rs. in lakhs)
- Revenue from operations: 30,247 for the quarter, against 27,876 in the September 2025 quarter; 61,875 for the half year, against 55,004.
- Profit before tax: 6,583 for the quarter; 12,700 for the half year.
- Profit after tax: 4,936 for the quarter, against 3,903; 9,504 for the half year, against 8,194.
- Basic EPS: 5.42 for the quarter; 10.44 for the half year.
Headline numbers, consolidated (Rs. in lakhs)
- Revenue from operations: 44,009 for the quarter, against 37,834; 89,752 for the half year, against 74,363.
- Profit before tax: 6,147 for the quarter; 11,447 for the half year.
- Profit after tax: 4,503 for the quarter, against 3,644; 8,241 for the half year, against 7,437.
- Basic EPS: 4.95 for the quarter; 9.05 for the half year.
Standalone and consolidated, what is the difference
- Standalone covers the parent company on its own. Consolidated adds its subsidiaries — Harsha Precision Bearing Components (China) Co. Ltd., Harsha Engineers Advantek Limited and Harsha Engineers Europe SRL — and its joint venture, Cleanmax Harsha Solar LLP.
- The consolidated figure is the one that captures the whole group's performance.
Segments, standalone (Rs. in lakhs, quarter)
- Engineering & Others revenue 29,055; Solar-EPC and O&M revenue 1,192.
- Segment results (profit before tax): Engineering & Others 6,513; Solar-EPC and O&M 70.
Cash flow, standalone (Rs. in lakhs, half year)
- Net cash flow from operating activities: 7,399, against 2,321 in the same half of the previous year.
- Net cash flow from investing activities: negative 6,677; from financing activities: negative 1,268.
- Cash and cash equivalents at the end of the period: 1,157.
Balance sheet, standalone (Rs. in lakhs, as at September 30, 2026)
- Total assets 1,79,820; total equity 1,51,938; total liabilities 27,882.
What a reader should note
- Both statements are unaudited and have been subjected to a limited review, which gives moderate assurance rather than the full assurance of an audit.
- On both the standalone and consolidated bases, revenue from operations and profit after tax for the September 2026 quarter and half year are higher than the corresponding figures for the September 2025 period.
Also from Harsha Engineers International
Harsha Engineers Q2 FY27 investor presentation: consolidated revenue up 16.3% YoY, PAT Rs. 4,503 lakhs
3 Nov 2026
Harsha Engineers to host Q2 FY27 analysts and investors conference call on November 4, 2026 at 4:00 PM IST
26 Oct 2026
Board meeting on November 3, 2026 to approve September quarter and half year results
17 Oct 2026
More numbers
- Consolidated Revenue from operations, quarter ended Sep 202644,009 (Rs. in lakhs)
- Consolidated Profit after tax, quarter ended Sep 20264,503 (Rs. in lakhs)
- Consolidated Revenue from operations, half year ended Sep 202689,752 (Rs. in lakhs)
- Consolidated Profit after tax, half year ended Sep 20268,241 (Rs. in lakhs)
- Standalone Revenue from operations, quarter ended Sep 202630,247 (Rs. in lakhs)
- Standalone Profit after tax, quarter ended Sep 20264,936 (Rs. in lakhs)
- Standalone Basic EPS, quarter ended Sep 20265.42
- Standalone net cash flow from operating activities, half year7,399 (Rs. in lakhs)
- Total income, latest quarter44,705 (Rs. In lakhs)
- Total income, year-ago quarter38,865 (Rs. In lakhs)
- Total income, previous quarter46,256 (Rs. In lakhs)
- Total comprehensive income, latest quarter4,723 (Rs. In lakhs)
- Total comprehensive income, year-ago quarter3,374 (Rs. In lakhs)
- Total comprehensive income, previous quarter4,386 (Rs. In lakhs)
- Profit after tax, latest quarter4,503 (Rs. In lakhs)
- Profit after tax, year-ago quarter3,644 (Rs. In lakhs)
- Profit after tax, previous quarter3,738 (Rs. In lakhs)
- Revenue from operations, latest quarter44,009 (Rs. In lakhs)
- Revenue from operations, year-ago quarter37,834 (Rs. In lakhs)
- Revenue from operations, previous quarter45,743 (Rs. In lakhs)
- Profit before tax, latest quarter6,147 (Rs. In lakhs)
- Profit before tax, year-ago quarter4,957 (Rs. In lakhs)
- Profit before tax, previous quarter5,300 (Rs. In lakhs)
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