Harsha Engineers International Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Harsha Engineers International Ltd reported a 5.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 3.0%.
- Its expenses for the quarter were down by 4.7% QoQ and up 3.6% YoY.
- The net profit decreased 7.8% QoQ and decreased 10.1% YoY.
- The earnings per share (EPS) of Harsha Engineers International Ltd stood at 2.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 345.66 | 364.66 | 335.54 | -5.2% | 3.0% |
Total Expenses | 308.38 | 323.75 | 297.56 | -4.7% | 3.6% |
Profit Before Tax | 37.28 | 40.91 | 37.98 | -8.9% | -1.8% |
Tax | 10.59 | 11.95 | 8.30 | -11.4% | 27.6% |
Profit After Tax | 26.69 | 28.96 | 29.68 | -7.8% | -10.1% |
Earnings Per Share | 2.90 | 3.20 | 3.30 | -9.4% | -12.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Harsha Engineers International Ltd is a renowned company operating in the engineering sector, primarily focusing on the manufacturing of precision engineering products. The company is engaged in providing products and services to a wide range of industries, including automotive, aerospace, and industrial sectors. Harsha Engineers is known for its expertise in delivering high-quality bearing cages, one of the critical components in various mechanical assemblies, which underscores its position in the engineering industry. While the specific recent developments pertaining to the company are not included in the provided data, Harsha Engineers International Ltd continues to build on its legacy of innovation and quality in the engineering domain.
Revenue
During the third quarter of fiscal year 2025, Harsha Engineers International Ltd reported a total income of ₹345.66 crores. This marks a decrease of 5.2% from the second quarter of fiscal year 2025, where the total income was ₹364.66 crores. However, on a year-over-year basis, the total income increased by 3.0% compared to ₹335.54 crores in the third quarter of fiscal year 2024. This data reflects a mixed performance in terms of revenue generation, with quarterly fluctuations and annual growth. Such metrics are crucial in understanding the revenue dynamics of the company over time.
Profitability
In terms of profitability, Harsha Engineers International Ltd recorded a profit before tax of ₹37.28 crores in the third quarter of fiscal year 2025, representing a decline of 8.9% from the previous quarter's figure of ₹40.91 crores. Compared to the same quarter in the previous year, the profit before tax showed a slight decrease of 1.8% from ₹37.98 crores. The profit after tax was reported at ₹26.69 crores for the third quarter of fiscal year 2025, down 7.8% from ₹28.96 crores in the preceding quarter and a 10.1% decrease year-over-year from ₹29.68 crores. The tax expense for the quarter was ₹10.59 crores, which is a reduction from both the previous quarter and the same period last year, showing a decrease of 11.4% and an increase of 27.6%, respectively. The company's earnings per share for this quarter stood at ₹2.90, a decrease from ₹3.20 in the previous quarter and from ₹3.30 in the year-ago period, reflecting declines of 9.4% and 12.1% quarter-over-quarter and year-over-year, respectively.
Operating Metrics
Analyzing the operating metrics, total expenses for Harsha Engineers International Ltd in the third quarter of fiscal year 2025 were ₹308.38 crores. This figure represents a decrease of 4.7% from the second quarter of the same fiscal year, which had total expenses of ₹323.75 crores. Compared to the third quarter of fiscal year 2024, total expenses increased by 3.6% from ₹297.56 crores. These figures indicate fluctuations in operating costs, impacting overall profitability. The company’s focus on managing expenses effectively is evident in their efforts to control costs while navigating revenue changes. The interplay between income and expenses provides insight into the operational efficiency and resource management strategies of Harsha Engineers International Ltd.
