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-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	08-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	01-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Half Yearly
Reporting Quarter	Yearly
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	08-May-2025   11:30:00
End date and time of board meeting	08-May-2025   13:00:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

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-Oct-2024	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
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	3729700000	14076500000
	Other income	110300000	377300000
	Total income	3840000000	14453800000
2	Expenses
(a)	Cost of materials consumed	1886900000	7288300000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	131100000	98500000
(d)	Employee benefit expense	455900000	1815500000
(e)	Finance costs	14600000	87700000
(f)	Depreciation, depletion and amortisation expense	98600000	405400000
(f)	Other Expenses
1	Other Expenses	704300000	2918800000
2	Bad Debts Write Off Net Sundry Balance Write off	199900000	206000000
	Total other expenses	904200000	3124800000
	Total expenses	3491300000	12820200000
3	Total profit before exceptional items and tax	348700000	1633600000
4	Exceptional items	-276800000	-276800000
5	Total profit before tax	71900000	1356800000
6	Tax expense
7	Current tax	76900000	412000000
8	Deferred tax	18900000	51700000
9	Total tax expenses	95800000	463700000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-23900000	893100000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	-23900000	893100000
17	Other comprehensive income net of taxes	-11900000	-22900000
18	Total Comprehensive Income for the period	-35800000	870200000
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	910400000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		11631000000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-0.26	9.81
	Diluted earnings (loss) per share from continuing operations	-0.26	9.81
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-0.26	9.81
	Diluted earnings (loss) per share from continuing and discontinued operations	-0.26	9.81
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		n Qtr EndedttYear Ended nKPI 31 03 2025 31 03 2025 n nRevenue 37297 140765 nEBITDAt 1851 18499 nEBITDA margins 4.96 13.14 nPAT 239 8931 nPAT margin 0.64 6.34 nReturn on Average Equity 7.35 nNotes n1tThe above audited consolidated financial results for the quarter and year ended 31 March 2025 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors in their respective meetings held on 8 May 2025 The statutory auditors have expressed an unmodified opinion n2tThe audited consolidated 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 and 31 March 2024 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 n4tThe audited 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 SRLRomania Harsha Engineers Advantek Limited and its Joint Venture namely Cleanmax Harsha Solar LLP n5tIn the current quarter Rs 1999 lakhs of Bad Debts Write Off Net Sundry Balances write off are mainly pertains to SolarEPC and O&M Segment n6tIn the current quarter Exceptional Item of Rs 2768 lakhs pertains to Impairment in carrying value of Goodwill on Consolidation based on Fair Valuation Report of Harsha Engineers Europe SRL-Romania n7tFigures for the previous periods have been regrouped, reclassified and restated whereever necessary to make them comparable with the current period's figures n8tIPO Fund utilization status report as on 31 03 2025 nttt Rs. In lakhs nParticularstttttt Amount nTotal IPO Proceedstttttt 45500 nLess IPO Expensestttttt 2560 nNet Proceeds as per Prospectusttt 42940 n n Particulars Amount as proposed n in the Offer Document t Amount Utilised t Amount n Unutilized n n n n1Prepayment 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 6822tt 973 n of machinery n 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 41967tt 973 n n n

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

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	3691000000
	Capital work-in-progress	1614000000
	Investment property
	Goodwill	440700000
	Other intangible assets	7600000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	631400000
	Trade receivables, non-current
	Loans, non-current	1200000
	Other non-current financial assets	20300000
	Total non-current financial assets	652900000
	Deferred tax assets (net)	30800000
	Other non-current assets	393900000
	Total non-current assets	6830900000
2	Current assets
	Inventories	3338600000
	Current financial asset
	Current investments	2421000000
	Trade receivables, current	3019800000
	Cash and cash equivalents	154600000
	Bank balance other than cash and cash equivalents	607200000
	Loans, current	167500000
	Other current financial assets	33700000
	Total current financial assets	6403800000
	Current tax assets (net)
	Other current assets	337300000
	Total current assets	10079700000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	16910600000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	910400000
	Other equity	11631000000
	Total equity attributable to owners of parent	12541400000
	Non controlling interest
	Total equity	12541400000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	948200000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	54100000
	Total non-current financial liabilities	1002300000
	Provisions, non-current	100500000
	Deferred tax liabilities (net)	124000000
	Deferred government grants, Non-current
	Other non-current liabilities	0
	Total non-current liabilities	1226800000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1036900000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	85300000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1382000000
	Total Trade payable	1467300000
	Other current financial liabilities	434200000
	Total current financial liabilities	2938400000
	Other current liabilities	178900000
	Provisions, current	25100000
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	3142400000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	4369200000
	Total equity and liabilites	16910600000
	Disclosure of notes on assets and liabilities

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-Oct-2024	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Engineering & Others	3303200000	12688500000
2	Solar EPC and O & M	426500000	1388000000
	Total Segment Revenue	3729700000	14076500000
	Less: Inter segment revenue
	Revenue from operations	3729700000	14076500000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Engineering & Others	271900000	1502800000
2	Solar EPC and O & M	-200000000	-146000000
	Total Profit before tax	71900000	1356800000
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax	71900000	1356800000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Engineering & Others	16076300000	16076300000
2	Solar EPC and O & M	825300000	825300000
	Total Segment Asset	16901600000	16901600000
	Un-allocable Assets	0	0
	Net Segment Asset	16901600000	16901600000
4	Segment Liabilities
	Segment Liabilities
1	Engineering & Others	3413900000	3413900000
2	Solar EPC and O & M	955300000	955300000
	Total Segment Liabilities	4369200000	4369200000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	4369200000	4369200000
	Disclosure of notes on segments	Textual Information(2)

Text Block

Textual Information(2)

1. Segment Operating Results EBITDA n Quarter Year n 31032025 31032025 na Engineering & others 3834 19914 nb Solar EPC & O&M 1983 415 nTotal Operating Results EBITDA 1851 18499 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 Audited Financial Statements for the Quarter and Year Ended March 31 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-Oct-2024	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of post-employment benefit obligations	-6500000	-11700000
	Total Amount of items that will not be reclassified to profit and loss	-6500000	-11700000
2	Income tax relating to items that will not be reclassified to profit or loss	-1600000	-2900000
3	Amount of items that will be reclassified to profit and loss
1	Gains / (Loss) of Cashflow Hedge	-9400000	-18900000
	Total Amount of items that will be reclassified to profit and loss	-9400000	-18900000
4	Income tax relating to items that will be reclassified to profit or loss	-2400000	-4800000
5	Total Other comprehensive income	-11900000	-22900000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			1356800000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			87700000
	Adjustments for decrease (increase) in inventories			198000000
	Adjustments for decrease (increase) in trade receivables, current			-88200000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			84600000
	Adjustments for decrease (increase) in other non-current assets			36400000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			138000000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			15900000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			405400000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-26200000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			15800000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			131500000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-146100000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			531700000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			-2900000
	Total adjustments for reconcile profit (loss)			1118600000
	Net cash flows from (used in) operations			2475400000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			412000000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			2063400000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			7300000
	Purchase of property, plant and equipment			2093400000
	Proceeds from sales of investment property			3400000
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			-169600000
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			131500000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			2900000
	Net cash flows from (used in) investing activities	-2117900000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			920600000
	Repayments of borrowings			682700000
	Payments of lease liabilities			0
	Dividends paid			91100000
	Interest paid			87700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			59100000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			4600000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			4600000
	Cash and cash equivalents cash flow statement at beginning of period			150000000
	Cash and cash equivalents cash flow statement at end of period			154600000