Harsha Engineers sees European recovery, bushing growth surge

Harsha Engineers International Limited reported Q1 FY2026 engineering revenue of INR349 crores with EBITDA of INR65.2 crores. The company saw industrial demand improvement in Europe, leading to one of the highest sales quarters for its Romanian operations.

The bushing business is expected to grow at least 30% in FY2026, with a new long-term contract anticipating peak annual sales of approximately INR117 crores within 2-3 years.

However, new greenfield facility Harsha Advantek reported negative results due to higher overheads and charges post-commissioning in May 2025.