Interim report
Page 1
HARSHA ENGINEERS A WORLD OF PRECISION HEIL / SE - 27 / 2026-27 August 11 , 2026 To , The Manager ( Listing ) , The BSE Limited Phiroze Jee jee bhoy Towers , Dalal Street , Mumbai 400 001 Scrip Code No. : 543600 To , The Manager ( Listing ) , National Stock Exchange of India Limited " Exchange Plaza " , C - 1 , Block - G , Bandra Kurla Complex , Bandra ( E ) Mumbai 400 051 Symbol : HARSHA Dear Sir / Madam , Sub Outcome of the Board Meeting held on Tuesday , August 11 , 2026 Ref Regulation 30 and 33 of the SEBI ( Listing Obligations & Disclosures Requirements ) Regulations , 2015 With reference to the subject matter and pursuant to the Regulation 30 & 33 and other applicable provisions of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 ( " SEBI LODR " ) , and further with respect to intimation dated August 3 , 2026 to Stock Exchanges for Board Meeting Scheduled to be held on Tuesday , August 11 , 2026 , we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. August 11 , 2026 inter alia , has considered and approved the following : 1. Unaudited Standalone Financial Results and Consolidated Financial Results for the quarter ended June 30 , 2026 as recommended by the Audit Committee at its meeting held today , August 11 , 2026 . We enclosed herewith following : Unaudited Standalone Financial Results and Consolidated Financial Results for the quarter ended June 30 , 2026 along with Limited Review Report . The meeting was commenced at 11:30 a.m. and concluded at 1:00 p.m. Kindly take the same on your records . Yours faithfully , FOR HARSHA ENGINEERS INTERNATIONAL LIMITED K Kiran Mohanty Company Secretary and Chief Compliance Officer MEM NO . F9907 ENGINEERS HARSHA INTERNATIONAL LIMITED Harsha Engineers International Limited CIN : L29307GJ20 10PLC063233 AHMEDABAD Corporate & Registered Office : Sarkhej - Bavla Road , Changodar , Ahmedabad , Sanand - 382213 , Gujarat , India . Tel .: + 91-2717-618200 Fax : + 91-2717-618259 E - mail : sec@harshaengineers.com URL : www.harshaengineers.com
Page 2
MUKESH M. SHAH & CO. CHARTERED ACCOUNTANTS Independent Auditors' Limited Review Report on Unaudited Standalone Financial Results To The Board of Directors, Harsha Engineers International Limited. 1. We have reviewed the accompanying statement of unaudited Standalone Financial Results of Harsha Engineers International Limited ("the Company") quarter ended June 30, 2026 ("the statement"), being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. We conducted our review of the statement in accordance with the Standard on Review Engagements (SRE) 2410,' Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Standalone Statements are free of material misstatement. A review of interim financial information consists of making inquiries, primarily of the person responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards of Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in the audit. Accordingly, we do not express an audit opinion. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above nothing has come to our attention that causes us to believe that the accompanying statements, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) regulations, 2015, as amended, including _.:-,::=.::::,..._ the manner in which it is to be disclosed, or that it contains any material misstatement +91-79-2647 2000 I contact@mmsco.in I www.mmsco.in 7" Floor, Heritage Chambers, Behind Bikanerwala Sweets, Near Azad Society, Nehru Nagar, Ahmedabad
Page 3
MUKESH M. SHAH & CO. CHARTERED ACCOUNTANTS 6. The comparative financial information of the Company for the quarter ended June 30, 2025 and quarter and year ended March 31, 2026 included in this Statement were reviewed by the predecessor auditors, who expressed an unmodified conclusion thereon vide their reports dated August 06, 2025 and May 07, 2026 respectively. Our report is not modified in respect of these matters. For, Mukesh M. Shah & Co., Chartered Accountants irm Registration No.:106625W Partner Membership No.: 030190 Place: Ahmedabad Date: August 11, 2026 UDIN: 2602010 CXk T01 412 +91-79-2647 2000 ]contact@mmsco.in l www.mmsco.in 7 Floor, Heritage Chambers, Behind Bikanerwala Sweets, Near Azad Society, Nehru Nagar, Ahmedabad-380015
Page 4
(@ AmsA HARSHA ENGINEERS INTERNATIONAL LIMITED £ NINt 4 S Regd. Office : Sarkhej-Bavla Road, Changodar,Ahmedabad- 382213, Gujarat - India; CIN :L29307GJ2010PLC063233 Ph. +91 2717 618200 Fax.+91 2717 618259, Website: www.harshaengineers.com Email: sec@harshaengineers.com STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30 IUNE 2026 Quarter ended Year ended Sr. 30-lun-26 31-Mar-26 30-lun-25 31-Mar-26 Particular Unaudited No. Unaudited Refer Note (3) Unaudited Audited Rs. In lakhs Rs. In lakhs 1 INCOME; Revenue from Operations 31,628 35,585 27,128 1,22,820 Other Income 690 973 1,203 3,799 TOTAL INCOME 32,318 36,558 28,331 1,26,619 2 EXPENSES: Cost of Materials Consumed 15,910 19,133 14,003 63,203 Change in Inventories of Finished Goods & Work-in-progress 259 (28) (803) (374) Employee Benefits Expenses 3,581 3,174 3,388 13,955 Finance Costs 72 55 66 259 Depreciation and Amortization Expense 779 746 735 2,994 Other Expenses 5,600 6,358 5,188 22,875 TOT AL EXPENSES 26,201 29,438 22,577 1,02,912 3 PROFIT BEFORE TAX (1-2) 6,117 7,120 5,754 23,707 4 Tax Expenses (a) Current Tax 1,320 1,509 1,316 5,930 (b) Deferred Tax 229 294 147 97 Total Tax Expenses ((a)+(b)) 1,549 1,803 1,463 6,027 5 PROFIT AFTER TAX (3-4) 4,568 5,317 4,291 17,680 6 Other Comprehensive Income (i) Items that will be reclassified to profit or loss Gains/ (Loss) ofCashflow Hedge 878 (393) (605) (1,057) Income tax relating to these items (221) 99 152 266 (ii) Items that will not be reclassified to profit or loss Remeasurement of post-employment benefit obligations (11) 69 (29) 40 Income tax relating to these items 3 (15) 7 (8) Other Comprehensive Income (Ci) +(ii)) 649 (240) (475) (759) 7 Total Comprehensive Income (5+6) 5,217 5,077 3,816 16,921 8 Paid-up equity share capital - face value of Rs. 10 each 9,104 9,104 9,104 9,104 9 Other Eauitv 1,33,849 10 Earnings per Share(not annualised for the quarter) Basic EPS- In Rs. 5.02 5.84 4.71 19.42 Diluted EPS -In Rs. 5.02 5.84 4.71 19.42 Notes: [1) The above unaudited standalone financial results for the quarter ended 30 June 2026 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors in their respective meetings held on 11 August 2026. The statutory auditors have expressed an unmodified opinion. [2) The unaudited standalone financial results are prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34 "Interim Financial Reporting" as prescribed under Section 133 of the Companies Act, 2013, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended. [3] Figures of the quarter ended 31 March 2026 are the balancing figures between audited figures in respect of the full financial year and year to date figures up to the third quarter of the relevant financial year. Also the figures up to the end of third quarter had only been reviewed and not subject to audit. [4] Figures for the previous periods have been regrouped, reclassified and restated whereever necessary to make them comparable with the current period's figures.
Page 5
[5] Segment Reporting: (Rs. In lakhs) Quarter ended Year ended Particular 30-Jun-26 31-Mar-26 30-Jun-25 31-Mar-26 Unaudited Unaudited Refer Note (3) Unaudited Audited BUSINESS SEGMENTS INFORMATION 1. Segment Revenues : a. Engineering & Others 27,993 26,401 25,482 1,04,497 b. Solar-EPC and O&M 3,635 9,184 1,646 18,323 Total Revenue from Operations 31628 35 585 27128 1.22.820 2. Segment Operating Results (EBITDA) #: a. Engineering & Others 6,686 7,233 6,465 25,528 b. Solar-EPC and O&M 282 688 90 1,432 Total Operating Results (EBITDA) 6968 7921 6 555 26960 3. Segment Results (PBT) : a. Engineering & Others 5,837 6,437 5,673 22,300 b. Solar-EPC and O&M 280 683 81 1,407 Total Profit Before Tax (PBT) 6,117 7,120 5,754 23 707 4. Segment Assets : a. Engineering & Others 1,64,212 1,58,149 1,43,569 1,58,149 b. Solar-EPC and O&M 9,690 12,069 7,570 12,069 Total Assets 1,73,902 1,70,218 1,51,139 1,70,218 5. Segment Liabilities : a. Engineering & Others 13,963 14,907 11,576 14,907 b. Solar-EPC and O&M 9,769 12,358 8,805 12,358 Total Liabilities 23,732 27,265 20,381 27,265 # Operating Results (EBITDA): Total Profit Before Finance Cost, Tax, Depreciation &Amortisation Place: Ahmedabad Date: 11 August 2026 @MED By order of Board of Directors For Harsha Engineers International Limited Rajendra Shah Chairman & Whole-time Director DIN: 00061922
Page 6
MUKESH M. SHAH & CO. CHARTERED ACCOUNTANTS Independent Auditors' Limited Review Report on Unaudited Consolidated Financial Results To The Board of Directors, Harsha Engineers International Limited. 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Harsha Engineers International Limited ("the Parent") comprising its Subsidiaries (the Parent and subsidiaries together referred to as "the Group") and its share of net profit/(loss) after tax and total comprehensive income/loss of its joint venture for the quarter ended 30" June, 2026 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the Listing regulations"). 2. The Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. The Statement includes the results of the following Subsidiaries and Joint Venture; 1. Harsha Precision Bearing Components (China) Co. Ltd. - Subsidiary 2. Harsha Engineers Advantek Limited - Subsidiary 3. Harsha Engineers Europe SRL - Subsidiary 4. Cleanmax Harsha Solar LLP- Joint Venture 4. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all' significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 5. The accompanying statements includes results of 2 subsidiaries included in the statement, whose interim financial results reflect total revenues Rs. 11,513 Lacs, total net loss after tax and total comprehensive loss is Rs. 333 Lacs for the quarter ended 30" June 2026, as considered in the Statement (the figures reported above are before eliminations on consolidation). These unaudited interim financial results of these subsidiaries have been reviewed by their auditors and have been furnished to us by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is on such unaudited interim financial results and information. +91-79-2647 2000 ]contact@mmsco.in I www.mmsco.in 7" Floor, Heritage Chambers, Behind Bikanerwala Sweets, Near Azad Society, Nehru Nagar, Ahmedaba
Page 7
MUKESH M. SHAH & CO. CHARTERED ACCOUNTANTS Our conclusion is not modified in respect of this matter. The statement also includes the Group's Share of Net Profit after Tax and total comprehensive income of Rs. 3 Lacs, for the quarter ended 30" June 2026 in respect of 1 Joint Venture, based on its interim financial information which have not been reviewed. Our conclusion is not modified in respect of this matter. 6. Based on our review conducted as above and based on the consideration of the reports of other auditors referred in paragraph 5 nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited consolidated financial results prepared in accordance with recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS) specified under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement. 7. The comparative financial information of the Company for the quarter ended June 30, 2025 and quarter and year ended March 31, 2026 included in this Statement were reviewed by the predecessor auditors, who expressed an unmodified conclusion thereon vide their reports dated August 06, 2025 and May 07, 2026 respectively. Our report is not modified in respect of these matters. For, Mukesh M. Shah & Co., Chartered Accountants Firm Registration No.:106625W Mukesh M. Shah Partner Membership No.: 030190 Place: Ahmedabad Date: August 11, 2026 UDIN.26 03010VUVTA 393 +91-79-2647 2000 ] contact@mmsco.in I www.mmsco.in 7 Floor, Heritage Chambers, Behind Bikanerwala Sweets, Near Azad Society, Nehru Nagar, Ahmedabad-380015
Page 8
(@AR5A HARSHA ENGINEERS INTERNATIONAL LIMITED Regd. Office : Sarkhej-Bavla Road, Changodar,Ahmedabad- 382213, Gujarat - India; CJN :L29307GJ2010PLC063233 Ph. +91 2717 618200 Fax.+91 2717 618259, Website: www.harshaengineers.com Email: sec@harshaengineers.com STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2026 Quarter ended Year ended Sr. 30-Jun-26 31-Mar-26 30-Jun-25 31-Mar-26 No. Particular Unaudited Unaudited Unaudited Audited Refer Note (3) Rs. In lakhs Rs. In lakhs 1 INCOME; Revenue from Operations ' 45,743 47,391 36,529 1,62,679 Other Income 513 1,045 1,049 3,798 TOT AL INCOME 46,256 48,436 37,578 1,66,477 2 EXPENSES: Cost of Materials Consumed 24,238 26,817 19,682 87,584 Change in Inventories of Finished Goods & Work-in-progress (232) (1,000) (1,002) (2,684) Employee Benefits Expenses 5,915 5,374 5,069 21,500 Finance Costs 583 580 257 1,626 Depreciation and Amortization Expense 1,378 1,276 1,053 4,666 Other Expenses 9,077 8,859 7,237 32,313 TOT AL EXPENSES 40,959 41,906 32,296 1,45,005 3 PROFIT BEFORE SHARE OF PROFIT OF JOINT VENTURES & TAX (1-2) 5,297 6,530 5,282 21,472 4 Share of Profit of Joint Ventures 3 9 24 53 5 PROFIT BEFORE TAX (3+4) ' 5,300 6,539 5,306 21,525 6 Tax Expenses (a) Current Tax 1,427 1,558 1,380 6,085 (b) Deferred Tax 135 258 133 (80) Total Tax Expenses ((a)+(b)) 1,562 1,816 1,513 6,005 7 PROFIT AFTER TAX (5-6) 3,738 4,723 3,793 15,520 8 Other Comprehensive Income (i) Items that will be reclassified to profit or loss Gains/ (Loss) ofCashflow Hedge 878 (393) (605) (1,057) Income tax relating to these items (221) 99 152 266 (ii) Items that will not be reclassified to profit or loss Remeasurement of post-employment benefit obligations (12) 77 (29) 57 Income tax relating to these items 3 (17) 7 (11) Other Comprehensive Income ((i) +(ii)) 648 (234) (475) (745) 9 Total Comprehensive Income (7+8) 4,386 4,489 3,318 14,775 10 Paid-up equity share capital - face value of Rs. 10 each 9,104 9,104 9,104 9,104 11 Other Eauitv 1,31,065 12 Earnings per Share[not annualised for the quarter) Basic EPS- In Rs. 4.11 5.19 4.17 17.05 Diluted EPS -In Rs. 4.11 5.19 4.17 17.05 Notes: [1] The above unaudited consolidated financial results for the quarter ended 30 June 2026 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors in their respective meetings held on 11 August 2026. The statutory auditors have expressed an unmodified opinion. [2] The unaudited consolidated financial results are prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34 "Interim Financial Reporting" as prescribed under Section 133 of the Companies Act, 2013, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended. [3] Figures of the quarter ended 31 March 2026 are the balancing figures between audited figures in respect of the full financial year and year to date figures up to the third quarter of the relevant financial year. Also the figures up to the end of third quarter had only been reviewed and not subject to audit. ' ' [4] The unaudited consolidated financial results comprise of the results / financial information of the Holding Company, i.e., Harsha Engineers International Limited, its subsidiaries namely - Harsha Precision Bearing Components (China) Co. Ltd. -China, Harsha Engineers Europe SRL-Romania, Harsha Engineers Advantek Limited and its Joint Venture namely - Cleanmax Harsha Solar LLP. [5] Figures for the previous periods have been regrouped, reclassified and restated whereever necessary to make them comparable with the current period's figures.
Page 9
[6] Segment Reporting: [Rs. In Iakhs) Quarter ended Year ended Particular 30-Jun-26 31-Mar-26 30-Jun-25 31-Mar-26 Unaudited Unaudited Unaudited Audited Refer Note (3) BUSINESS SEGMENTS INFORMATION 1. Segment Revenues: a. Engineering & Others 42,108 38,207 34,883 1,44,356 b. Solar-EPC and O&M 3,635 9,184 1,646 18,323 Total Revenue from Operations 45 743 47 391 36,529 1.62.679 2. Segment Operating Results (EBITDA) # : a. Engineering & Others 6,979 7,707 6,526 26,385 b. Solar-EPC and O&M 282 688 90 1,432 Total Operating Results (EBITDA) 7.261 8 395 6.616 27.817 3. Segment Results (PBT) : a. Engineering & Others 5,020 5,856 5,225 20,118 b. Solar-EPC and O&M 280 683 81 1,407 Total Profit Before Tax (PBT) 5 300 6.539 5 306 21525 4. Segment Assets : a. Engineering & Others 2,02,069 1,94,619 1,68,472 1,94,619 b. Solar-EPC and O&M 9,690 12,069 7,570 12,069 Total Assets 211 759 2,06,688 1,76,042 2,06,688 5. Segment Liabilities : a. Engineering & Others 57,100 54,161 38,514 54,161 b. Solar-EPC and O&M 9,769 12,358 8,805 12,358 Total Liabilities 66,869 66,519 47,319 66.519 # Operating Results (EBITDA) : Total Profit Before Finance Cost, Tax, Depreciation & Amortisation Place: Ahmedabad - By order of Board of Directors Date: 11 August 2026 <TE,}, For Harsha Engi eers Internation Limited ., ··--� '.·-'o s / ' {[ \ , « p tr E t ; = ..r Rajendra Shah N "a Chairman & Whole-time Director raw// DIN:00061922 -........� ' - �-