Harsha Engineers International Ltd. · NSE:HARSHA
Harsha Engineers International — Q2 FY25 Earnings Presentation
19 slides from Harsha Engineers International's earnings presentation, Nov 11, 2024
Slide 1: Exchange filing cover letter for results presentation
HEIL/SE-48/2024-25 November 11, 2024 To, To, The Manager (Listing), The Manager (Listing), The BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, "Exchange Plaza", C-l, Block - G, Dalal Street, Bandra - Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 Script C
Slide 2: Earnings Presentation – Q2 / H1 FY25
Harsha Engineers International Limited Earnings Presentation – FOR Q2 / H1 FOR FY25
Slide 3: Disclaimer / Safe Harbor
Disclaimer/ Safe Harbor Cautionary statement regarding forward-looking statements ● This presentation may contain certain forward-looking statements relating to Harsha Engineers International Limited (“HEIL”, or “Company””) and its future business, development and economic performance. These stateme
Slide 4: Index
Index Quarter and Year End Highlights Business Update Summary on use of IPO Proceeds Company Overview 3 Privileged & Confidential, © 2022, All Rights Reserved.
Slide 5: Quarter Highlights
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Slide 6: Financial Highlights - QoQ
Financial Highlights - QoQ ₹ in Lakhs Revenue - Engineering CONSOLIDATED EBITDA - Engineering CONSOLIDATED PAT - Engineering CONSOLIDATED EBITDA EBITDA % PAT PAT % Revenue 10.9% outside 64.7% 61.1% 57.0% India (%) 19.1% 7,000 35000 8.5% 16.2% 6,000 30000 25000 5,000 13.6% 6.5% 4,000 20000 3,561 32,6
Slide 7: Business Update
Business Update ▪ On a consolidated basis, the performance of the Company in Q2 FY 25, though slightly lower than the management expectations, is still broadly in line, considering the past historical trend of Q2 performance being generally subdued. ▪ In Q2 FY 25, at a consolidated level, revenue fr
Slide 8: Business Update
Business Update ▪ Performance of China in Q2 FY 25 continues to be satisfactory in line with the expectations showing positive trend. While Romania continues to reel under pressure owing to continued softness in demand from Wind and Industrial Sector, resulting into a degrowth in top line in Q2 FY 2
Slide 9: Consolidated P & L Statement
Consolidated P & L Statement (₹ in Lakhs) Particulars Q2 FY25 Q2 FY24 H1FY25 H1FY24 FY23-24 REVENUE : Revenue from Operations 35,258 33,949 69,574 68,745 1,39,230 Other Income 1,208 665 1,998 1,065 2,949 TOTAL REVENUE 36,466 34,614 71,572 69,810 1,42,179 EXPENSES : Cost of Material Consumed 18,098 1
Slide 10: Certain Key Parameters and Break Up
Certain Key Parameters and Break Up (₹ in Lakhs) Particulars Q2 FY25 Q2 FY24 H1FY25 H1FY24 FY 23-24 Revenue from Operations - Engineering & Others - Consolidated 30,996 29,761 63,654 62,858 1,22,684 - Engineering & Others - India 23,102 22,653 47,467 46,570 91,691 - Solar - EPC and O & M 4,262 4,188
Slide 11: Working Capital – Consolidated – Key Parameters
Working Capital – Consolidated – Key Parameters (₹ in Lakhs) Sr. Particulars H1 FY25 H1 FY24 FY 23-24 1 Inventories a. Raw Material - Amount 7,583 7,379 7,154 No. of Days 20 20 19 b. Semi Finished- Amount 2,273 2,131 2,061 No. of Days 6 6 5 c. Finished - Amount 12,599 11,387 12,793 No. of Days 33 30
Slide 12: Utilisation of IPO Proceeds as on 30th September 2024
Utilisation of IPO Proceeds as on 30th September’ 2024 ₹ in Lakhs Particulars Amount Total IPO Proceeds 45,500 Less: IPO Expenses (2,560) Net Proceeds as per Prospectus 42,940 Less: IPO Expenses (excess contingencies hold) - Net Proceeds available 42,940 ₹ in Lakhs Amount as proposed in Amount Unuti
Slide 13: Company Overview
Company Overview
Slide 14: Harsha At A Glance
Harsha At A Glance Largest manufacturer of precision bearing cages in India* 50-60% of domestic 6.5% of the market share in the global organized bearing brass, steel and polyamide market share cages market^ 4 strategically located manufacturing facilities with various warehouses at different locatio
Slide 15: Bearing cages | ~US$5.2bn market expected to grow at ~6.4%
Bearing cages | ~US$5.2bn market expected to grow at ~6.4% Bearing cages form an important component Bearing cages have increasing usage across High growth bearing cages market within Bearings key fast-growing end user industries Global Bearings Market Domestic Bearings Market Global Bearing Cages M
Slide 16: Comprehensive solution provider offering diversified suite of precision engineering products
Comprehensive solution provider offering diversified suite of precision engineering products Bearing Cages Different designs of bearing cages with diverse applications Thrust Roller Spherical Roller Cylindrical Roller Sand Casting Bronze Precision Stamping Taper Roller Deep Grove Angular Contact Bal
Slide 17: Expertise in tooling, design development and automation
Expertise in tooling, design development and automation Full-service capabilities Tooling Design Tool Manufacturing under one roof • Expertise to design and develop • Comprehensive tooling, testing and advance tooling inhouse which measurement infrastructure enables HEIL to manufacture • Dedicated t
Slide 18: Key Strategies going forward
Key Strategies going forward Enhance market leadership in bearing cages and customer base expansion Growing bronze bushings and specialised component segment Increased focus on developing products suited to capture market opportunity in the growing EV segment Retain and strengthen technological lead
Slide 19: Thank You
THANKYOU ( Harsua ENGINEERS
Harsha Engineers International — Q2 FY25 Earnings Presentation on 6ix