Integrated Filing — IndAS



General information about company
Scrip Code 543600
NSE Symbol HARSHA
MSEI Symbol NOTLISTED
ISIN INE0JUS01029
Name of company Harsha Engineers International Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 06-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 06-Aug-2025   11:30:00
End date and time of board meeting 06-Aug-2025   13:00:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
No Such Instances



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 2712800000
Other income 120300000
Total income 2833100000
2 Expenses
(a) Cost of materials consumed 1400300000
(b) Purchases of stock-in-trade 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -80300000
(d) Employee benefit expense 338800000
(e) Finance costs 6600000
(f) Depreciation, depletion and amortisation expense 73500000
(f) Other Expenses
1 Other Expenses 518700000 518700000
2 Bad debts Write off / Net Sundry Balances Write off 100000 100000
Total other expenses 518800000
Total expenses 2257700000
3 Total profit before exceptional items and tax 575400000
4 Exceptional items 0
5 Total profit before tax 575400000
6 Tax expense
7 Current tax 131600000
8 Deferred tax 14700000
9 Total tax expenses 146300000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 429100000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period 429100000
17 Other comprehensive income net of taxes -47500000
18 Total Comprehensive Income for the period 381600000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 910400000
Face value of equity share capital 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.71
Diluted earnings (loss) per share from continuing operations 4.71
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 4.71
Diluted earnings (loss) per share from continuing and discontinued operations 4.71
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1tThe above unaudited standalone financial results for the quarter ended 30 June 2025 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors in their respective meetings held on 6 August 2025. The statutory auditors have expressed an unmodified opinion. n2tThe unaudited standalone financial results are prepared in accordance with the 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 and Companies Indian Accounting Standards Amendment Rules 2016. n3tFigures of the quarter ended 31 March 2025 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. n4tIn the previous quarter Rs. 1999 lakhs of Bad Debts Write Off Net Sundry Balances write off are mainly pertains to SolarEPC and OandM Segment. n5tIn the previous quarter Exceptional Item of Rs. 9501 lakhs pertains to Impairment in carrying value of Investment based on Fair Valuation Report of wholly owned subsidiary Harsha Engineers Europe SRLRomania. n6tFigures for the previous periods have been regrouped reclassified and restated whereever necessary to make them comparable with the current periods figures n n7tIPO Fund Utilization status reportttt Rs. In lakhs n nParticulars Amount nttttt nTotal IPO Proceedstttttt 45500 nLess IPO Expensestttttt 2560 nNet Proceeds as per Prospectusttt 42940 n nParticulars Amount as proposed n in the Offer Document t Amount Utilised t Amount n Unutilized n n n n1. Pre-payment or scheduled repayment 27000 27000 nof a portion of the existing borrowing navailed by the Company n n2. Funding capital expenditure nrequirements towards purchase 7795 7351tt 444 n of machinery n n3. Infrastructure repairs 712 712t nand renovation of our existing n production facilities including office n premises in India n n4. General corporate purpose 7433 7433 n n Totaltttt 42940 t 42496tt 444 n n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Engneering & Others 2548200000 2548200000
2 Solar EPC and O &M 164600000 164600000
Total Segment Revenue 2712800000
Less: Inter segment revenue
Revenue from operations 2712800000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Engneering & Others 567300000 567300000
2 Solar EPC and O &M 8100000 8100000
Total Profit before tax 575400000
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 575400000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Engneering & Others 14356900000 14356900000
2 Solar EPC and O &M 757000000 757000000
Total Segment Asset 15113900000 15113900000
Un-allocable Assets 0 0
Net Segment Asset 15113900000 15113900000
4 Segment Liabilities
Segment Liabilities
1 Engneering & Others 1157600000 1157600000
2 Solar EPC and O &M 880500000 880500000
Total Segment Liabilities 2038100000 2038100000
Un-allocable Liabilities 0 0
Net Segment Liabilities 2038100000 2038100000
Disclosure of notes on segments Textual Information(2)



Text Block
Textual Information(2) 1. Segment Operating Results EBITDA n Quarter n 30 06 2025 na Engineering and others 6465 nb Solar EPC and OandM 90 nTotal Operating Results EBITDA 6555 n nEBITDA Total Profit Before Finance Cost Tax Depreciation & Amortisartion n n n2. We have mentioned Profit before tax PBT under Point no 2 Segment Result Profit Loss before tax and interest from each segment of this section to make it aligned with our disclosure in the Signed Unaudited Financial Statements for the Quarter Ended June 30 2025



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of post-employment benefit obligations -2900000 -2900000
Total Amount of items that will not be reclassified to profit and loss -2900000
2 Income tax relating to items that will not be reclassified to profit or loss -700000
3 Amount of items that will be reclassified to profit and loss
1 Gains / (Loss) of Cashflow Hedge -60500000 -60500000
Total Amount of items that will be reclassified to profit and loss -60500000
4 Income tax relating to items that will be reclassified to profit or loss -15200000
5 Total Other comprehensive income -47500000





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 26-Sep-2022
Amount Raised 4550000000
Report filed for Quarter ended 30-Jun-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any No Comments
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Pre-payment or scheduled repayment of a portion of the existing borrowing availed by the Company NA 2700000000 0 2700000000 0 No Deviation from Object
2 Funding capital expenditure requirements towards purchase of machinery NA 779500000 0 735100000 0 No Deviation from Object
3 Infrastructure repairs and renovation of our existing production facilities including office premises in India NA 71200000 0 71200000 0 No Deviation from Object
4 General corporate purposes NA 743300000 0 743300000 0 No Deviation from Object


Signatory Details
Name of signatory Kiran Mohanty
Designation of person Company Secretary and Compliance Officer
Place Ahemdabad
Date 06-Aug-2025