Harsha Engineers International Ltd. · NSE:HARSHA
Harsha Engineers International — Q3 FY24 Earnings Presentation
18 slides from Harsha Engineers International's earnings presentation, Feb 8, 2024
Slide 1: Exchange filing cover letter
HEIL/SE-72/2023-24 February 8, 2023 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 Co
Slide 2: Earnings Presentation – For and upto Q3 of FY24
Harsha Engineers International Limited Earnings Presentation – For and upto Q3 of FY24
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 Highlights Business Update Summary on use of IPO Proceeds Company Overview 3 Privileged & Confidential, © 2022, All Rights Reserved.
Slide 5: Quarter Highlights
WN Yue Y) -_ w) = _ Y = QUARTER
Slide 6: Financial Highlights
Financial Highlights ₹ in Lakhs Revenue - Engineering CONSOLIDATED EBITDA - Engineering CONSOLIDATED PAT - Engineering CONSOLIDATED EBITDA EBITDA % PAT PAT % Revenue outside 65.1% 63.5% 59.6% 10.8% 10.1% 18.5% India (%) 35000 5,500 17.5% 3,000 30000 4,500 13.6% 2,500 6.5% 2,000 25000 3,500 5,490 200
Slide 7: Business Update
Business Update • On a consolidated basis, Q3 FY24 topline is marginally low compared to Q2 FY24, there is a noticeable improvement in the EBITDA and profitability in India as well as in China and Romania mainly owing to cost control measures coupled with improved realisation due to RM passthrough.
Slide 8: Consolidated P & L Statement
Consolidated P & L Statement (₹ in Lakhs) Particulars Q3 FY24 Q3 FY23 9M FY24 9M FY23 FY 22-23 REVENUE : Revenue from Operations 32,445 30,068 1,01,190 1,02,033 1,36,402 Other Income 1,109 1,350 2,174 2,397 2,979 TOTAL REVENUE 33,554 31,418 1,03,364 1,04,430 1,39,381 EXPENSES : Cost of Material Cons
Slide 9: Certain Key Parameters and Break Up
Certain Key Parameters and Break Up (₹ in Lakhs) Particulars Q3 FY24 Q3 FY23 9M FY24 9M FY23 FY 22-23 Revenue from Operations - Engineering & Others - Consolidated 27,763 29,719 90,621 97,389 1,29,866 - Engineering & Others - India 21,202 22,290 67,772 50,415 95,936 - Solar - EPC and O & M 4,682 349
Slide 10: Working Capital – Consolidated
Working Capital – Consolidated Amount ₹ in Lakhs Sr. Particulars 9M FY24 9M FY23 FY22-23 1 Inventories a. Raw Material - Amount 7,254 9,340 9,017 No. of Days 20 24 24 b. Semi Finished- Amount 2,545 2,700 2,627 No. of Days 7 7 7 c. Finished - Amount 11,827 13,303 12,550 No. of Days 32 34 33 d. Stores
Slide 11: Utilisation of IPO Proceeds as on 30th Sep, 2023
Utilisation of IPO Proceeds as on 30th Sep, 2023 Amount (₹ Particulars Lakhs) 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 S
Slide 12: Company Overview
Company Overview
Slide 13: 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 14: 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 15: 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 16: 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 17: 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 18: Thank You
THANKYOU (uarsua ENGINEERS
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