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Earnings Call

KRN Heat Exchanger and Refrigeration Earnings Call: Key Takeaways

KRN delivered 38% YoY revenue growth (₹610 Cr) and 44.6% PAT growth in FY26. Transitioning to higher scale with new HVAC plant and Sphere Bus AC acquisition.

Why this was an Alfa AlertNot a filter event. Results are strong but represent first-time reporting/targets without prior guidance comparison.
Highlights
Revenue growth38.06% YoY for FY26.
MarginsEBITDA margin improved to 18.74% from 16.40% YoY.
Order bookRolling-base; recent ₹20 Cr single PO for data center.
Demand visibilityStrong across data centers, railways, and industrial cooling.
Management confidenceHigh; citing pivotal phase and capacity expansion.

Growth

FY26 Consolidated Revenue up 38.06% to ₹600.06 Cr; EBITDA up 59.52% to ₹112.48 Cr.

Outlook

FY27 targets: Plant II at ~50% utilization, Bus AC revenue ~₹160 Cr, and exports reaching 30-50%.

Risks

Raw material price volatility (Copper/Aluminium) and dependence on large OEM customers.

Source

Earnings Call filed with NSE, NSE: KRN. Summary written with AI assistance from the document.

Read the document ↗

KRN Heat Exchanger and Refrigeration Ltd: key numbers

Share price
₹1,381.80
Market cap
₹8,589 Cr
Revenue (annual)
₹600.1 Cr
Net profit (annual)
₹76.47 Cr
P/E (TTM)
88.6×Sector 41.4×
Promoter holding
65.69%-5.10% QoQ
FII holding
8.86%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Annual General Meeting

KRN Heat Exchanger and Refrigeration Annual General Meeting

KRN Heat Exchanger and Refrigeration Limited conducted its 9th Annual General Meeting on September 25, 2026. Shareholders transacted ordinary and special business items.

21:00 IST BSE
Annual Report

KRN Heat Exchanger and Refrigeration Annual Report

KRN Heat Exchanger and Refrigeration Limited has filed its Annual Report for FY 2025-26 and the notice for its 9th Annual General Meeting.

20:40 IST BSE
Annual General Meeting

KRN Heat Exchanger and Refrigeration Annual General Meeting

KRN Heat Exchanger and Refrigeration Ltd issued notice for its 9th Annual General Meeting scheduled for September 25, 2026, to be held via VC/OAVM.

17:33 IST NSE
Financial Results

KRN Heat Exchanger and Refrigeration Q1 FY27 Results: Net Profit ₹32.9 Cr, Up 165.3% YoY

KRN Heat Exchanger and Refrigeration Ltd reported revenue from operations of ₹252.3 Cr (+118.8% YoY) and net profit of ₹32.9 Cr (+165.3% YoY) for Q1 FY27.

Key figure
Net profit ₹32.9 Cr · +165.3% YoY