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	Standalone
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
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(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	NA
(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.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(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?	Yes
Latest Date on which RPT policy is updated	2025-05-08
Indicate Company website link for updated RPT policy of the Company	https://www.harshaengineers.com/InvestorRelations/company-policies.php
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
Not applicable as there is no default on loans outstanding as on March 31 2025 and the Company has not nissued any debt securities

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	Standalone	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	2909900000	10893000000
	Other income	105000000	379400000
	Total income	3014900000	11272400000
2	Expenses
(a)	Cost of materials consumed	1472800000	5511400000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	45000000	61200000
(d)	Employee benefit expense	314900000	1248200000
(e)	Finance costs	4700000	45000000
(f)	Depreciation, depletion and amortisation expense	71300000	286700000
(f)	Other Expenses
1	Other Expenses	531600000	2166100000
2	Bad Debts Write Off Net Sundry Balance Write off	199900000	206000000
	Total other expenses	731500000	2372100000
	Total expenses	2640200000	9524600000
3	Total profit before exceptional items and tax	374700000	1747800000
4	Exceptional items	-950100000	-950100000
5	Total profit before tax	-575400000	797700000
6	Tax expense
7	Current tax	75200000	407900000
8	Deferred tax	19000000	36200000
9	Total tax expenses	94200000	444100000
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	-669600000	353600000
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	-669600000	353600000
17	Other comprehensive income net of taxes	-11800000	-22800000
18	Total Comprehensive Income for the period	-681400000	330800000
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		11783900000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-7.35	3.88
	Diluted earnings (loss) per share from continuing operations	-7.35	3.88
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	-7.35	3.88
	Diluted earnings (loss) per share from continuing and discontinued operations	-7.35	3.88
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1tThe above audited standalone 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 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 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 n4tIn 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 n5tIn the current 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 n7t IPO Fund Utilization status reportttt Rs In lakhs n nParticulars Amount nttttt nTotal IPO Proceedstttttt 45,500 nLess IPO ExpensesttttttMinus 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 Prepayment 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 Totaltttt 42940 t 41967tt 973 n n n n n n 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		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	2635300000
	Capital work-in-progress	318200000
	Investment property
	Goodwill	0
	Other intangible assets	1800000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	2986000000
	Trade receivables, non-current
	Loans, non-current	207800000
	Other non-current financial assets	4200000
	Total non-current financial assets	3198000000
	Deferred tax assets (net)	30800000
	Other non-current assets	94700000
	Total non-current assets	6278800000
2	Current assets
	Inventories	2715400000
	Current financial asset
	Current investments	2421000000
	Trade receivables, current	2429900000
	Cash and cash equivalents	78200000
	Bank balance other than cash and cash equivalents	574000000
	Loans, current	167400000
	Other current financial assets	43600000
	Total current financial assets	5714100000
	Current tax assets (net)
	Other current assets	150100000
	Total current assets	8579600000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	14858400000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	910400000
	Other equity	11783900000
	Total equity attributable to owners of parent	12694300000
	Non controlling interest
	Total equity	12694300000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	11100000
	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	53700000
	Total non-current financial liabilities	64800000
	Provisions, non-current	99000000
	Deferred tax liabilities (net)	173200000
	Deferred government grants, Non-current
	Other non-current liabilities	0
	Total non-current liabilities	337000000
	Current liabilities
	Current financial liabilities
	Borrowings, current	211700000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	83600000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1091200000
	Total Trade payable	1174800000
	Other current financial liabilities	285600000
	Total current financial liabilities	1672100000
	Other current liabilities	130400000
	Provisions, current	24600000
	Current tax liabilities (Net)	0
	Deferred government grants, Current
	Total current liabilities	1827100000
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	2164100000
	Total equity and liabilites	14858400000
	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		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Engineering & Others	2483400000	9505000000
2	Solar EPC and O & M	426500000	1388000000
	Total Segment Revenue	2909900000	10893000000
	Less: Inter segment revenue
	Revenue from operations	2909900000	10893000000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Engineering & Others	-375400000	943700000
2	Solar EPC and O & M	-200000000	-146000000
	Total Profit before tax	-575400000	797700000
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax	-575400000	797700000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Engineering & Others	14033100000	14033100000
2	Solar EPC and O & M	825300000	825300000
	Total Segment Asset	14858400000	14858400000
	Un-allocable Assets	0	0
	Net Segment Asset	14858400000	14858400000
4	Segment Liabilities
	Segment Liabilities
1	Engineering & Others	1206100000	1206100000
2	Solar EPC and O & M	955300000	955300000
	Total Segment Liabilities	2161400000	2161400000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	2161400000	2161400000
	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 3011 12709 nb Solar EPC & O&M** 1983 1415 nTotal Operating Results EBITDA 4994 11294 n nEBITDA Total Profit Before Finance Cost Tax Depreciation and Amortisartion n n n2 We have mentioned Profit before tax PBT under Point no2 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	Standalone	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	-6400000	-11600000
	Total Amount of items that will not be reclassified to profit and loss	-6400000	-11600000
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	-11800000	-22800000

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			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			797700000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			45000000
	Adjustments for decrease (increase) in inventories			176700000
	Adjustments for decrease (increase) in trade receivables, current			-600000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			212700000
	Adjustments for decrease (increase) in other non-current assets			19500000
	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			113700000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			12000000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			286700000
	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			-45800000
	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			140400000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-141500000
	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			1209400000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			-2900000
	Total adjustments for reconcile profit (loss)			1718300000
	Net cash flows from (used in) operations			2516000000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			415500000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			2100500000
	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			7400000
	Purchase of property, plant and equipment			675600000
	Proceeds from sales of investment property			0
	Purchase of investment property			666800000
	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			-14900000
	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			140400000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			2900000
	Net cash flows from (used in) investing activities	-1206600000
	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			0
	Repayments of borrowings			781000000
	Payments of lease liabilities			0
	Dividends paid			91100000
	Interest paid			45000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-917100000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-23200000
	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			-23200000
	Cash and cash equivalents cash flow statement at beginning of period			101400000
	Cash and cash equivalents cash flow statement at end of period			78200000

Signatory Details
Name of signatory	Kiran Mohanty
Designation of person	Company Secretary and Compliance Officer
Place	Ahemdabad
Date	08-May-2025