Harsha Engineers International Ltd Share Price – NSE  / BSE

Auto Ancillaries, Small Cap

The contract is received from a leading multinational bearing company engaged in the business of manufacturing industrial and automotive bearings and other products.

The order entails manufacturing and supplying bearing cage products in accordance with terms and conditions stipulated in agreement effective from 5 December 2024 for an initial period of 6 years.

The consideration of the contract is estimated at Euro 6 million to Euro 10 million per annum.

Harsha Engineers International houses two businesses, i.e., the manufacturing of bearing cages and the solar EPC business.

The company’s consolidated net profit jumped 42% to Rs 28.96 crore despite a 3.9% increase in sales to Rs 352.58 crore in Q2 FY25 over Q2 FY24.

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Harsha Engineers International has entered into a long term agreement with a leading multinational bearing company, effective 05 December 2024 (“Agreement”) for the supply of bearing cages to the said group. The order is estimated to range between Euro 6 million to Euro 10 million per annum.

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Harsha Engineers International has appointed Priyanka Agarwal Chopra (DIN: 10011547) as an Additional Director in the capacity of Independent Director of the Company for a term of 3 (three) years with effect from 11 November 2024.

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Net profit of Harsha Engineers International rose 42.03% to Rs 28.96 crore in the quarter ended September 2024 as against Rs 20.39 crore during the previous quarter ended September 2023. Sales rose 3.86% to Rs 352.58 crore in the quarter ended September 2024 as against Rs 339.49 crore during the previous quarter ended September 2023.

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