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Earnings Call

KRN Heat Exchanger and Refrigeration Earnings Call: Key Takeaways

KRN reported strong FY26 performance with 38% consolidated revenue growth and 45% PAT growth. Management is aggressively expanding into Data Center and Bus AC segments using a new 6x capacity facility.

Why this was an Alfa AlertNot a filter event. Performance is strong but management stated results were in line with expectations, not a material beat of prior guidance.
Highlights
Revenue growth38% consolidated YoY; 57% standalone YoY for FY26.
MarginsEBITDA margins improving; expecting PLI and RIFS state incentives.
Order book₹120cr+ export orders including data center components.
Demand visibilityStrong visibility from data centers and export markets (USA/Europe).
Management confidenceHigh; projecting 'highest ever' results for next 8 quarters.

Growth

FY26 Consolidated: Revenue ₹610cr (+38% YoY), EBITDA ₹112cr (+60%), PAT ₹76cr (+45%).

Outlook

Targeting ₹2,250-2,850cr revenue by FY28. New facility utilization expected at 50% for FY27 and 80% for FY28.

Risks

Raw material price volatility (Copper/Aluminum), BIS import regulations, and high initial depreciation/overhead from new capacity.

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
₹1,484.20
Market cap
₹9,225 Cr
Revenue (annual)
₹600.1 Cr
Net profit (annual)
₹76.47 Cr
P/E (TTM)
95.2×Sector 39.1×
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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20:55 IST BSE
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.

15:01 IST NSE
Results Update

KRN Heat Exchanger and Refrigeration Results Update

KRN Heat Exchanger reported Q1 FY27 consolidated revenue of ₹252.32 Crore, up 118.87% YoY. Net profit reached ₹32.90 Crore as the company fully utilised IPO proceeds.

Value
₹252.3 Cr
18:06 IST BSE
Other Announcement

KRN Heat Exchanger and Refrigeration Other Announcement

KRN Heat Exchanger and Refrigeration reported no deviation or variation in the utilization of IPO funds for the quarter ended June 30, 2026.