Interim report
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A WORLD OF PRECISION HEIL/SE-41/2026-27 November 3, 2026 To, The Manager (Listing), The BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -- 400 00 I Script Code No.: 543600 Dear Sir/Madam, 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 Sub Ref Outcome of the Board Meeting held on Tuesday, November 3,2026 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 October 17, 2026 to Stock Exchanges for Board Meeting Scheduled to be held on November 3, 2026, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e November 3, 2026 inter alia, has considered and approved the following: 1. Unaudited Standalone Financial Results and Consolidated Financial Results for the quarter and half year ended September 30, 2026 as recommended by the Audit Committee at its meeting held today, November 3, 2026. We enclosed herewith following. Unaudited Standalone Financial Results and Consolidated Financial Results for the quarter and half year ended September 30, 2026 along with Limited Review Report. The meeting was commenced at 02:30 p.m and concluded at 4:00 p.m. Kindly take the same on your records. Yours faithfully, FOR HARSHA ENGINEERS INTERNATIONAL LIMITED Kg9 i%oak» Company Secretary and Chief Compliance Officer MEM NO. : F9907 - Harsha Engineers International Limited CIN: L29307GJ20 I 0PLC063233 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
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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"), for the quarter and half year ended September 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 as amended ("the Listing Regulations"). 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 and in compliance with the regulation 33 of the Listing Regulations. 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). 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 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. 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, inclu manner in which it is to be disclosed, or that it contains any material misstate +91-79-2647 2000 I contact@mmsco.in I www.mmsco.in 7 Floor, Heritage Chambers, Behind Bikanerwala Sweets, Near Azad Society, Nehru Nagar, Ahmedaba
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MUKESH M. SHAH & CO. CHARTERED ACCOUNTANTS 5. The comparative financial information of the Company for the quarter and half year ended September 30, 2025 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 November 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: November 03, 2026 UDIN: 260 30\0cWcHS13S +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
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(@AR5A HARSHA ENGINEERS INTERNATIONAL LIMITED Regd. Office: Sarkhej-Bavla Road, Changodar,Ahmedabad- 382213, Gujarat - India; CIN:L29307GJ2010PLC063233 Ph. +912717 618200 Fax.+91 2717 618259, Website : www.harshaengineers.com Email: sec@harshaengineers.com STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE OUARTER & HALF YEAR ENDED 30 SEPTEMBER 2026 Quarter ended Half Year ended Year ended Sr. Particular 30-Sep-26 30-Jun-26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar-26 No. Unaudited Unaudited Unaudited Unaudited Unaudited Audited Rs. In lakhs ' Rs. In lakhs Rs. In lakhs 1 INCOME; Revenue from Operations 30,247 31,628 27,876 61,875 55,004 1,22,820 Other Income 748 690 1,023 1,438 2,226 3,799 TOTAL INCOME 30,995 32,318 28,899 63,313 57,230 1,26,619 2 EXPENSES; Cost of Materials Consumed 15,028 15,910 14,361 30,938 28,364 63,203 Change in Inventories of Finished Goods & Work-in-progress (582) 259 (489) (323) (1,292) (374) Employee Benefits Expenses 3,531 3,581 3,415 7,112 6,803 13,955 Finance Costs so 72 53 122 119 259 Depreciation and Amortization Expense 792 779 759 1,571 1,494 2,994 Other Expenses 5,593 5,600 5,560 11,193 10,748 22,875 TOTAL EXPENSES 24,412 26,201 23,659 50,613 46,236 1,02,912 3 PROFIT BEFORE TAX (1-2) 6,583 6,117 5,240 12,700 10,994 23,707 4 Tax Expenses (a) Current Tax 1,516 1,320 1,196 2,836 2,512 5,930 (b) Deferred Tax 131 229 141 360 288 97 Total Tax Expenses ((a)+(b)) 1,647 1,549 1,337 3,196 2,800 6,027 5 PROFIT AFTER TAX (3-4) 4,936 4,568 3,903 9,504 8,194 17,680 6 Other Comprehensive Income (i) Items that will be reclassified to profit or loss Gains/ (Loss) ofCashflow Hedge 164 878 (333) 1,042 (938) (1,057) Income tax relating to these items (41) (221) 84 (262) 236 266 (ii) Items that will not be reclassified to profit or loss Remeasurement of post-employment benefit obligations 95 (11) (29) 84 (58) 40 Income tax relating to these items (26) 3 8 (23) 15 (8) Other Comprehensive Income (Ci) +(ii)) 192 649 (270) 841 (745) (759) 7 Total Comprehensive Income (5+6) 5,128 5,217 3,633 10,345 7,449 16,921 8 Paid-up equity share capital - face value of Rs. 10 each 9,104 9,104 9,104 9,104 9,104 9,104 9 Other Eouitv 1,33,849 10 Earnings per Share(not annualised for the quarter) Basic EPS - In Rs. 5.42 5.02 4.29 10.44 9.00 19.42 Diluted EPS -In Rs. 5.41 5.02 4.29 10.43 9.00 19.42 Notes: (1] The above unaudited standalone financial results for the quarter & half year ended 30 September 2026 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors in their respective meetings held on 03 November 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. I3] Refer Annexure-1 for Standalone Statement of Assets and Liabilities. [4] Refer Annexure-11 for Standalone Statement of Cash Flows. (5] Figures for the previous periods have been regrouped, reclassified and restated whereever necessary to make them comparable with the current period's figures.
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[6] Segment Reporting: (Rs. In lakhs) Quarter ended Half Year ended Year ended Particular 30-Sep-26 30-Jun-26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar-26 Unaudited Unaudited Unaudited Unaudited Unaudited Audited BUSINESS SEGMENTS INFORMATION 1. Segment Revenues : a. Engineering & Others 29,055 27,993 26,354 57,048 51,836 1,04,497 b. Solar-EPC and O&M 1,192 3,635 1,522 4,827 3,168 18,323 Total Revenue from Operations 30.247 31,628 27,876 61,875 55,004 1,22,820 2. Segment Operating Results (EBITDA) #: a. Engineering & Others 7,352 6,686 5,952 14,038 12,417 25,528 b. Solar-EPC and O&M 73 282 100 355 190 1,432 Total Operating Results (EBlTDA) 7,425 6,968 6,052 14,393 12,607 26,960 3. Segment Results (PBT) : a. Engineering & Others 6,513 5,837 5,145 12,350 10,818 22,300 b. Solar-EPC and O&M 70 280 95 350 176 1,407 Total Profit Before Tax (PBT) 6,583 6,117 5,240 12,700 10,994 23,707 4. Segment Assets : a. Engineering & Others 1,69,538 1,64,212 1,47,101 1,69,538 1,47,101 1,58,149 b. Solar-EPC and O&M 10,282 9,690 7,417 10,282 7,417 12,069 Total Assets 1,79,820 1,73,902 1,54,518 179820 1,54,518 1,70,218 5. Segment Liabilities : a. Engineering & Others 17,583 13,963 12,459 17,583 12,459 14,907 b. Solar-EPC and O&M 10,299 9,769 8,578 10,299 8,578 12,358 Total Liabilities 27,882 23,732 21,037 27,882 21,037 27 265 # Operating Results (EBITDA) : Total Profit Before Finance Cost, Tax, Depreciation & Amortisation Place: Ahmedabad By order of Board of Directors Date: 03 November 2026 ,., .. � .. ,� �-,-,. 1/ w<, .. ,,,o� � -�\ - . 1- ' 4/ ft « Rajendra Shah Chairman & Whole-time Director £''\ '.;;"'- }_o, DIN: 00061922 \ - .// '>.<8/ '% N?
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//% i -\ cv I HARSHA ENGINEERS INTERNATIONAL LIMITED Annexure I-Unaudited Standalone Statement of Assets and Liabilities as at 30 September 2026 (Rs. In Lakhs) Asat Asat Particulars 30-Sep-26 31-Mar-26 Unaudited Audited ASSETS Non-Current Assets (a) Property, Plant and Equipment 28,008 28,859 (b) Capital Work-In-Progress 611 558 ( c) Other Intangible Assets 74 85 ( d) Financial Assets Investments 56,355 49,553 Loans 8 2,305 Other Financial Assets 57 55 (e) Non-Current Tax Assets [Net] 144 330 ff) Other Non-Current Assets 509 858 Total Non-Current Assets 85,766 82,603 Current Assets (a) Inventories 32,276 28,602 (b) Financial Assets Investments 25,750 23,099 Trade Receivables 27,471 28,557 Cash and Cash Equivalents 1,157 1,703 Bank Balance Other than Cash and Cash Equivalents 2,071 1,053 Loans 511 512 Other Financial Assets 2,054 864 (c) Other Current Assets 2,764 3,225 Total Current Assets 94,054 87,615 TOTAL ASSETS 1,79,820 1,70,218 EQUITY AND LIABILITIES Equity (a) Equity Share Capital 9,104 9,104 (b) Other Equity 1,42,834 1,33,849 Total Equity 1,51,938 1,42,953 Liabilities Non-Current Liabilities (a) Financial Liabilities Borrowings 82 92 Lease liabilities 37 69 Other Financial Liabilities 373 341 (b) Provisions 536 1,009 (c) Deferred Tax Liabilities (Net) 2,221 1,840 Total Non-Current Liabilities 3,249 3,351 Current Liabilities (a) Financial Liabilities Borrowings 4,584 4,312 Lease liabilities 53 64 Trade Payables -Dues to Micro & Small Enterprises 1,009 2,866 -Dues to other than Micro & Small Enterprises 13,650 11,911 Other Financial Liabilities 2,395 3,021 (b) Other Current Liabilities 2,248 1,449 ( c) Provisions 293 291 (d) Current Tax Liabilities [Net] 401 - Total Current Liabilities 24,633 23,914 Total Liabilities 27,882 27,265 TOT AL EQUITY AND LIABILITIES 1,79,820 1,70,218 • «R , - % {
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HARSHA ENGINEERS INTERNATIONAL LIMITED Annexure II-Unaudited Standalone Cash flow Statement for the period ended 30 September 2026 (Rs. In Lakhs) Particulars (A) CASH FLOW FROM OPERATING ACTIVITIES Profit Before Tax Adjustments for: Depreciation and Amortization Expenses Interest Income Finance Cost Loss/(Profit) on Sale oflnvestment Share Based Payment Exp (ESOP) Bad Debts Write Off/ Net Sundry Balances write off Allowances for credit losses Share of (Profit)/Loss from Joint venture / Associates Loss/ (Profit) on Sale/disposal of Property, Plant & Equipment (net) Operating Profit before Working Capital Changes Adjustments for Changes in Working Capital Decrease/ [Increase] in Inventories Decrease/ [Increase] in Trade Receivables Decrease/ [Increase] in Loans Decrease/ [Increase] in Other Financial Assets Decrease/ [Increase] in Other Assets Increase/ [Decrease] in Trade Payables Increase/ [Decrease] in Other Financial Liabilities Increase/ [Decrease] in Other Current Liabilities Increase/ [Decrease] in Provisions Cash Generated from Operations Income Taxes Paid Net Cash Flow from Operating Activities (A) (B) CASH FLOW FROM INVESTING ACTIVITIES Purchase of Property, Plant and Equipment, Capital Work-In-Progress and Other Intangibles Proceeds from Sale of Property, Plant and Equipment Purchase of Non Current Investments in Subsidiaries/ J.V. Purchase of Non-Current Investments in Others Proceeds from Sale of Non Current Investments in Subsidiary/ J.V Proceeds from Sale of Non Current Investments in Others Sale /(Purchase) of Current Investments (Net) Investment in fixed deposits with bank (Net) Interest Income Share of Profit/(Loss) from Joint venture/ Associates Net Cash Flow from Investing Activities (B) (C) CASH FLOW FROM FINANCING ACTIVITIES Dividend Paid Proceeds from Non-Current Borrowings Repayment of Non-Current Borrowings Finance Cost Change in Lease liabilities (Net] Proceeds / (Repayment) of Current Borrowings (Net) Changes in Non-Current Liability Net Cash Flow from Financing Activities (C) (D) Net lncrease/(Decrease) in Cash and Cash equivalents (A+B+C) Particulars Cash and Cash Equivalents at the Beginning Cashon Hand Balances with Banks Cash and Cash Equivalents at the End Cashon Hand Balances with Banks For the period ended 30-Sep-26 12,700 1,571 (737) 122 (1,014) 5 1 (16) (233) 12,399 (3,674) 2,057 3 (1,108) (163) 512 446 (173) (389) 9,910 (2,511) 7,399 (900) 715 (7,110) (2,191) 2,295 2,500 (1,637) (1,018) 653 16 (6,677) (1,365) (10) (122) (43) 272 (1,268) (546) For the period ended 30-Sep-26 4 1,699 1,703 10 1,147 1,157 For the period ended 30-Sep-25 10,994 1,494 (534) 119 (815) 2 (7) (38) (3 11,212 (2,000) (1,555) (216) (40) (187) (4,376) 1,616 (271) 117 4,300 (1,979) 2,321 (1,632) 167 (2,081) (6,782) 502 3,758 4,734 481 38 (815) (836) (10) (119) (30) (347) 1 (1,341) 165 For the period ended 30-Sep-25 6 776 782
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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") and its Subsidiaries (the Parent and subsidiaries together referred to as "the Group") and its share of net profit after tax and total comprehensive income/loss of its joint venture for the quarter and half year ended September 30, 2026 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("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. Clean max 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. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 5. The accompanying statements includes results of 2 subsidiaries included whose interim financial information reflect total assets of Rs. 30,036 Lacs as a 2026, total revenues of Rs. 10,222 Lacs and Rs. 21,735 Lacs for the quarter end +91-79-2647 2000 I contact@mmsco.in I www.mmsco.in 7 Floor, Heritage Chambers, Behind Bikanerwala Sweets, Near Azad Society, Nehru Nagar, Ahmed
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MUKESH M. SHAH & CO. CHARTERED ACCOUNTANTS ended September 30, 2026 respectively, total net loss after tax and total comprehensive loss is Rs. 168 Lacs and Rs. 501 Lacs for the quarter and half year ended September 30, 2026 respectively, and net cash outflows of Rs. 220 Lacs for the half year ended September 30, 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 based solely on such unaudited interim financial results and information. 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. 13 Lacs and Rs. 16 Lacs for the quarter and half year ended September 30, 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 4 nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS') and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the 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. 7. The comparative financial information of the Company for the quarter and half year ended September 30, 2025 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 November 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.:106625 Mukesh M. Shah Partner 7 Membership No.: 030190 Place: Ahmedabad Date: November 03, 2026 UDIN:6030IO&OERKPg5 1- +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
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€ HARSHA ENGINEERS INTERNATIONAL LIMITED +ASHA t 4 Gutt $ Regd. Office: Sarkhej-Bavla Road, Changodar,Ahmedabad- 382213, Gujarat - India; CIN:L29307GJ2010PLC063233 Ph. +912717 618200 Fax.+91 2717 618259, Website: www.harshaengineers.com Email: sec@harshaengineers.com STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER & HALF YEAR ENDED 30 SEPTEMBER 2026 Ouarter ended HalfYear ended Year ended Sr. 30-Sep-26 30-fun-26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar-26 No. Particular Unaudited Unaudited Unaudited Unaudited Unaudited Audited Rs. In lakhs Rs. In lakhs Rs. In lakhs 1 INCOME; Revenue from Operations 44,009 45,743 37,834 89,752 74,363 1,62,679 Other Income 696 513 1,031 1,209 2,080 3,798 TOTAL INCOME 44,705 46,256 38,865 90,961 76,443 1,66,477 2 EXPENSES; Cost of Materials Consumed 23,394 24,238 20,278 47,632 39,960 87,584 Change in Inventories of Finished Goods & Work-in-progress (2,126) (232) (971) (2,358) (1,973) (2,684) Employee Benefits Expenses 6,070 5,915 5,271 11,985 10,340 21,500 Finance Costs 614 583 305 1,197 562 1,626 Depreciation and Amortization Expense 1,424 1,378 1,134 2,802 2,187 4,666 Other Expenses 9,195 9,077 7,905 18,272 15,142 32,313 TOTAL EXPENSES 38,571 40,959 33,922 79,530 66,218 1,45,005 3 PROFIT BEFORE SHARE OF PROFIT OF JOINT VENTURES & TAX (1-2) 6,134 5,297 4,943 11,431 10,225 21,472 4 Share of Profit of joint Ventures 13 3 14 16 38 53 5 PROFIT BEFORE TAX (3+4) 6,147 5,300 4,957 11,447 10,263 21,525 6 Tax Expenses (a) Current Tax 1,556 1,427 1,196 2,983 2,576 6,085 (b) Deferred Tax 88 135 117 223 250 (80) Total Tax Expenses ((a)+(b)) 1,644 1,562 1,313 3,206 2,826 6,005 7 PROFIT AFTER TAX (5-6) 4,503 3,738 3,644 8,241 7,437 15,520 8 Other Comprehensive Income [I) Items that will be reclassified to profit or loss Gains / (Loss) of Cashflow Hedge 164 878 (333) 1,042 (938) (1,057) Income tax relating to these items (41) (221) 84 (262) 236 266 (ii) Items that will not be reclassified to profit or loss Remeasurement of post-employment benefit obligations 128 (12) (29) 116 (58) 57 Income tax relating to these items (31 3 8 (28) 15 (11) Other Comprehensive Income ((I) +(II)) 220 648 (270) 868 (745) (745) 9 Total Comprehensive Income (7+8) 4,723 4,386 3,374 9,109 6,692 14,775 10 Paid-up equity share capital - face value of Rs. 10 each 9,104 9,104 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. 4.95 4.11 4.00 9.05 8.17 17.05 Diluted EPS -In Rs. 4.94 4.11 4.00 9.04 8.17 17.05 Notes: 1J The above unaudited consolidated financial results for the quarter & half year ended 30 September 2026 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors in their respective meetings held on 03 November 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] 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. [4] Refer Annexure-1 for Consolidated Statement of Assets and Liabilities. I5] Refer Annexure-11 for Consolidated Statement of Cash Flows. [6] Figures for the previous periods have been regrouped, reclassified and restated whereever necessary to make them comparable with the current period's figures.
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[7l Segment Reporting: [Rs. In lakhs l Quarter ended Half Year ended Year ended Particular 30-Sep-26 30-lun-26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar-26 Unaudited Unaudited Unaudited Unaudited Unaudited Audited BUSINESS SEGMENTS INFORMATION 1. Segment Revenues : a. Engineering & Others 42,817 42,108 36,312 84,925 71,195 1,44,356 b. Solar-EPC and O&M 1,192 3,635 1,522 4,827 3,168 18,323 Total Revenue from Operations 44.009 45,743 37.834 89,752 74.363 1.62.679 2. Segment Operating Results (EBITDA) #: a. Engineering & Others 8,112 6,979 6,296 15,091 12,822 26,385 b. Solar-EPC and O&M 73 282 100 355 190 1,432 Total Operating Results (EBlTDA) 8.185 7.261 6396 15.446 13 012 27.817 3. Segment Results (PDT) : a. Engineering & Others 6,077 5,020 4,862 11,097 10,087 20,118 b. Solar-EPC and O&M 70 280 95 350 176 1,407 Total Profit Before Tax (PBT) 6147 5300 4.957 11447 10.263 21.525 4. Segment Assets : a. Engineering & Others 2,13,223 2,02,069 1,79,797 2,13,223 1,79,797 1,94,619 b. Solar-EPC and O&M 10,282 9,690 7,417 10,282 7,417 12,069 Total Assets 2.23.505 2.11,759 1.87.214 2.23.505 1.87.214 2.06,688 5. Segment Liabilities : a. Engineering & Others 64,601 57,100 47,188 64,601 47,188 54,161 b. Solar-EPC and O&M 10,299 9,769 8,578 10,299 8,578 12,358 Total Liabilities 74900 66869 55,766 74.900 55766 66,519 # Operating Results (EBITDA) : Total Profit Before Finance Cost, Tax, Depreciation & Amortisation Place: Ahmedabad Date: 03 November 2026 By order of Board of Directors For Harsha Engineers International Limited Raj ••• � Chairman & Whole-time Director DIN: 00061922
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HARSHA ENGINEERS INTERNATIONAL LIMITED Annexure I-Unaudited Consolidated Statement of Assets and Liabilities as at 30 September 2026 (Rs. In Lakhs) Asat Asat Particulars 30-Sep-26 31-Mar-26 Unaudited Audited ASSETS Non-Current Assets (a) Property, Plant and Equipment 61,684 61,517 (b) Capital Work-In-Progress 4,890 1,852 (c) Goodwill on Consolidation 4,407 4,407 ( d) Other Intangible Assets 111 123 ( e) Financial Assets Investments 22,404 22,712 Loans 11 16 Other Financial Assets 60 68 (f) Non-Current Tax Assets [Net] 174 352 (g) Other Non-Current Assets 3,252 2,008 Total Non-Current Assets 96,993 93,055 Current Assets (a) Inventories 47,153 39,398 (b) Financial Assets Investments 26,551 24,609 Trade Receivables 38,747 37,796 Cash and Cash Equivalents 2,213 3,309 Bank Balance Other than Cash and Cash Equivalents 2,178 1,189 Loans 513 515 Other Financial Assets 2,183 871 (c) Other Current Assets « 6,974 5,946 Total Current Assets 1,26,512 1,13,633 TOTAL ASSETS 2,23,505 2,06,688 EQUITY AND LIABILITIES Equity (a) Equity Share Capital 9,104 9,104 (b) Other Equity 1,39,501 1,31,065 Total Equity 1,48,605 1,40,169 Liabilities Non-Current Liabilities (a) Financial Liabilities Borrowings 22,267 20,114 Lease liabilities 38 69 Other Financial Liabilities 399 356 (b) Provisions 761 1,119 (c) Deferred Tax Liabilities (Net) 1,362 1,106 Total Non-Current Liabilities 24,827 22,764 Current Liabilities (a) Financial Liabilities Borrowings 21,581 16,969 Lease liabilities 53 64 Trade Payables -Dues to Micro & Small Enterprises 1,104 2,961 -Dues to other than Micro & Small Enterprises 18,626 16,305 Other Financial Liabilities 5,346 5,317 (b) Other Current Liabilities 2,605 1,814 (c) Provisions 304 297 (d) Current Tax Liabilities [Net] 454 28 Total Current Liabilities 50,073 43,755 Total Liabilities 74,900 66,519 TOTAL EQUITY AND LIABILITIES 2,23,505 -2,06,688 f> 3 £1 I� --� } , .
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HARSHA ENGINEERS INTERNATIONAL LIMITED Annexure II-Unaudited Consolidated Cash flow Statement for the period ended 30 September 2026 (Rs. In Lakhs) For the period ended For the period ended 30-Sep-26 30-Sep-25 11,447 10,263 2,802 2,187 (782) (515) 1,197 562 (1,020) (833) 6 - 424 (194) - 58 1 (54) (16) (38) (175) 14 13,884 11,450 (7,755) (3,670) 21 (3,890) 7 (175) (1,101) (40) (656) (1,053) 97 (3,925) 766 2,102 (182) (371) (230) 74 4,851 502 (2,641) (2,048) 2,210 (1,546) (7,220) (6,842) 736 179 (2,192) (7,288) 2,500 502 (922) 68 (978) 4,731 568 214 16 38 (7,492) (8,398) (1,365) (836) 2,995 8,307 (842) (9) (1,172) (527) (42) (30) 4,612 3,393 4,186 10,298 (1,096] 354 For the period ended For the period ended 30-Sep-26 30-Sep-25 Particulars (B) CASH FLOW FROM INVESTING ACTIVITIES Purchase of Property, Plant and Equipment, Capital Work-In Progress and Other Intangibles Proceeds from Sale of Property, Plant and Equipment Purchase of Non-Current Investments in Others Proceeds from Sale of Non Current Investments in Others Sale /(Purchase) of Current Investments (Net) Investment in fixed deposits with bank (Net) Interest Income Share of Profit/(Loss) from Joint venture/ Associates Net Cash Flow from Investing Activities (B) (C) CASH FLOW FROM FINANCING ACTIVITIES Dividends Paid Proceeds of Non-Current Borrowings Repayment of Non-Current Borrowings Finance Cost Change in Lease liabilities [Net] Proceeds / (Repayment) of Current Borrowings (Net) Net Cash Flow from Financing Activities (C) (D) Net lncrease/(Decrease) in Cash and Cash equivalents (A+B+C) Particulars (A) CASH FLOW FROM OPERATING ACTIVITIES Profit Before Tax Adjustments for; Depreciation and Amortization Expenses Interest Income Finance Cost Loss/(Profit) on Sale of Investment Share Based Payment Exp (ESOP) Foreign Currency Translation Reserve Bad Debts Write Off/ Net Sundry Balances write off Allowances for credit losses Share of (Profit)/Loss from Joint venture/ Associates Loss / (Profit) on Sale/disposal of Property, Plant & Equipment (net)j==l Operating Profit before Working Capital Changes Adjustments for Changes in Working Capital Decrease/ [Increase] in Inventories Decrease/ [Increase] in Trade Receivables Decrease/ [Increase] in Loans Decrease/ [Increase] in Other Financial Assets Decrease/ [Increase] in Other Assets Increase/ [Decrease] in Trade Payables Increase/ [Decrease] in Other Financial Liabilities Increase/ [Decrease] in Other Current Liabilities Increase/ [Decrease] in Provisions Cash Generated from Operations Income Taxes Paid Net Cash Flow from Operating Activities (A) Cash and Cash Equivalents at the Beginning Cash on Hand Balances with Banks Cash and Cash Equivalents at the End Cash on Hand Balances with Banks 6 9 3,303 1,537 3,309 1,546 14 12 2,199 1,888 2,213 1,900