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Investor Presentation

KRN Heat Exchanger and Refrigeration Investor Presentation: Key Takeaways

KRN reported stellar Q1 FY27 results with consolidated revenue growing 119% YoY. Strategy focuses on capacity expansion and backward integration to build a stronger integrated HVAC&R operating base.

Highlights
Revenue growth119% YoY consolidated growth in Q1 FY27.
MarginsConsolidated EBITDA margin improved to 19.44% from 15.26% YoY.
Demand visibilityStrong domestic demand and growing international acceptance.
Management confidenceHigh, citing strong business model and growing demand.

Growth

Consolidated Revenue surged 119% to ₹252.32 Cr; PAT grew 165% to ₹32.90 Cr. Export revenue increased 177% YoY.

Outlook

Focus on building scale and deepening presence in high-potential markets. Recent acquisition of Sphere Refrigeration's Bus AC Division.

Risks

Risk of exposure to international market fluctuations and performance of the Indian economy.

Last quarter's promises, checked

Delivered

  • Guided 50% capacity utilization for new facility in FY27 → delivered 119% revenue growth in Q1 FY27 (= BEAT)
  • Guided export growth → delivered 177% YoY export revenue growth (= BEAT)
  • Guided EBITDA margin improvement → delivered 19.44% vs 15.26% YoY (= BEAT)

Partly delivered

  • Guided entry into Bus AC segment → delivered acquisition of Sphere Refrigeration's Bus AC Division (= PARTIAL)
Source

Investor Presentation 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 Report

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

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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