Harsha Engineers International Ltd. · NSE:HARSHA
Harsha Engineers International — Q1 FY2025 Earnings Presentation
19 slides from Harsha Engineers International's earnings presentation, Aug 7, 2024
Slide 1: Exchange filing cover letter
HEIL/SE-27/2024-25 August 7, 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 Code
Slide 2: Earnings Presentation – Quarter ended Jun'24
Harsha Engineers International Limited Earnings Presentation – Quarter ended Jun’24
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 outside 64.7% 60.2% 61.1% 11.1% 10.9% India (%) 35000 6,500 18.9% 19.1% 30000 5,500 14.7% 8.1% 25000 4,500 20000 3,500 3,570 3,5
Slide 7: Business Update
Business Update 1. On a consolidated basis Q1 FY 2025 results are broadly in line with the management expectations, though consolidated top line shows a minor de-growth as compared to the corresponding Q1 FY 2024 numbers primarily on account of de-growth in top line of Harsha Romania due to current
Slide 8: Business Update
Business Update 4. China has reported satisfactory performance with a strong top line growth in Q1 FY 2025 as compared to Q1 FY 2024/Q4 FY 2024 and bottom line is also positive. However, Romania has reported weak performance with continued operating losses resulting into a combined negative PAT cont
Slide 9: Consolidated P & L Statement
Consolidated P & L Statement (₹ in Lakhs) Particulars Q1 FY25 Q4 FY24 Q1 FY24 FY23-24 REVENUE : Revenue from Operations 34,316 38,040 34,796 1,39,230 Other Income 790 775 400 2,949 TOTAL REVENUE 35,106 38,815 35,196 1,42,179 EXPENSES : Cost of Material Consumed 17,667 21,863 19,010 77,905 Change in
Slide 10: Certain Key Parameters and Break Up
Certain Key Parameters and Break Up (₹ in Lakhs) Particulars Q1 FY25 Q4 FY24 Q1 FY24 FY 23-24 Revenue from Operations - Engineering & Others - Consolidated 32,658 32,063 33,097 1,22,684 - Engineering & Others - India 24,365 23,919 23,917 91,691 - Solar - EPC and O & M 1,658 5,977 1,699 16,546 EBITDA
Slide 11: Working Capital – Consolidated – Key Parameters
Working Capital – Consolidated – Key Parameters (₹ in Lakhs) Sr. Particulars Q1 FY25 Q1 FY24 FY 23-24 1 Inventories a. Raw Material - Amount 7,785 8,207 7,154 No. of Days 21 22 19 b. Semi Finished- Amount 2,707 2,227 2,061 No. of Days 7 6 5 c. Finished - Amount 12,831 12,656 12,793 No. of Days 34 33
Slide 12: Utilisation of IPO Proceeds as on 30th Jun' 2024
Utilisation of IPO Proceeds as on 30th Jun’ 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 Unutilised
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
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