Harsha Engineers International Ltd. · NSE:HARSHA
Harsha Engineers International — Q3 FY2025 Earnings Presentation
19 slides from Harsha Engineers International's earnings presentation, Feb 13, 2025
Slide 1: Exchange cover letter for earnings presentation
HEIL/SE-72/2024-25 February 13, 2025 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 – For and upto Q3 of FY25
Harsha Engineers International Limited Earnings Presentation – For and upto Q3 of 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 % 10.1% Revenue 59.6% 57.0% 55.4% 17.5% 8.5% 8.5% outside 16.2% 16.0% India (%) 35000 4,500 30000 3,500 25000 2,801 2,623 5,023 2,576 4,84
Slide 7: Business Update
Business Update ▪ On a consolidated basis, the performance of the Company in Q3 FY 2025 was subdued reflecting continued challenges in the key markets of Europe and US, and only a modest topline growth achieved in India. ▪ In Q3 FY 2025 revenue from operations for Engineering segment shows a growth
Slide 8: Business Update
Business Update ▪ 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 Q3 FY 2025 and continued operating losses. ▪ The YTD Dec 2024 combined net loss stood at around Rs. 11 crores in the overseas sub
Slide 9: Consolidated P & L Statement
Consolidated P & L Statement (₹ in Lakhs) Particulars Q3 FY25 Q2 FY25 9MFY25 9MFY24 FY23-24 REVENUE : Revenue from Operations 33,894 35,258 1,03,468 1,01,190 1,39,230 Other Income 672 1,208 2,670 2,174 2,949 TOTAL REVENUE 34,566 36,466 1,06,138 1,03,364 1,42,179 EXPENSES : Cost of Material Consumed
Slide 10: Certain Key Parameters and Break Up
Certain Key Parameters and Break Up (₹ in Lakhs) Particulars Q3 FY25 Q3 FY24 9MFY25 9MFY24 FY 23-24 Revenue from Operations - Engineering & Others - Consolidated 30,199 27,763 93,853 90,621 1,22,684 - Engineering & Others - India 23,309 21,202 70,775 67,772 91,691 - Solar - EPC and O & M 3,695 4,682
Slide 11: Working Capital – Consolidated – Key Parameters
Working Capital – Consolidated – Key Parameters (₹ in Lakhs) Sr. Particulars Q3 FY25 Q3 FY24 FY 23-24 1 Inventories a. Raw Material - Amount 6,259 7,254 7,154 No. of Days 17 20 19 b. Semi Finished- Amount 2,960 2,545 2,061 No. of Days 8 7 5 c. Finished - Amount 11,684 11,827 12,793 No. of Days 31 32
Slide 12: Utilisation of IPO Proceeds as on 31st December 2024
Utilisation of IPO Proceeds as on 31st December’ 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 Unutil
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^ 5 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 (tarsus ENGINEERS
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