KRN Heat Exchanger and Refrigeration Limited has presented its financial results for the second quarter and first half of FY27. The company reported a substantial increase in revenue and profit, with both more than doubling year-on-year. Key financial highlights include significant growth in Revenue From Operations, EBITDA, and PAT, demonstrating robust performance and expanding market presence. The company also provided insights into its strategic outlook and business expansion plans.
KRN Heat Exchanger Reports Robust Financial Performance for Q2 & H1 FY27
KRN Heat Exchanger and Refrigeration Limited has announced its financial results for the second quarter (Q2) and the first half (H1) of the financial year 2027 (FY27). The company showcased strong year-on-year growth across key financial metrics, signaling a period of significant expansion and profitability.
Q2 FY27 Financial Highlights
In Q2 FY27, Revenue From Operations surged by 109.86% year-on-year to ₹319.14 crore, compared to ₹152.07 crore in Q2 FY26. EBITDA also saw a substantial increase of 61.10%, reaching ₹48.75 crore from ₹30.26 crore. The Net Profit more than doubled, growing by 100.38% to ₹36.11 crore, up from ₹18.02 crore in the prior year period. Earnings Per Share (EPS) rose to ₹5.52 from ₹2.90, marking a 90.34% increase.
H1 FY27 Financial Performance
The first half of FY27 also demonstrated impressive growth. Revenue From Operations for H1 FY27 stood at ₹571.45 crore, an increase of 113.75% compared to ₹267.35 crore in H1 FY26. EBITDA grew by 104.40% to ₹97.81 crore. The company’s Net Profit saw a significant jump of 126.68% to ₹69.01 crore, up from ₹30.44 crore in H1 FY26. Correspondingly, EPS increased to ₹10.72 from ₹4.90, a growth of 118.78%.
Multi-Year Financial Overview
A review of the multi-year financial performance indicates a consistent upward trend. Revenues grew from ₹308.28 crore in FY24 to ₹600.06 crore in FY26, showing a strong growth trajectory. EBITDA also increased significantly over these years, reaching ₹112.48 crore in FY26. The Net Profit has also seen a considerable rise, reaching ₹76.47 crore in FY26, with a Net Profit Margin of 12.74%.
Business Outlook and Expansion
The Chairman and Managing Director, Mr. Santosh Kumar Yadav, expressed optimism regarding the company’s performance and future outlook. He highlighted that the first half of FY27 has been a strong period, with revenue and profit more than doubling year-on-year. The company is experiencing growth across customers, products, and geographies, supported by expanded manufacturing capabilities. International markets are showing significant growth, particularly in North America and Europe. The data centre cooling segment is identified as a key growth engine, with the company also developing products for liquid cooling. Bus air conditioning is another developing area with increasing supplies to OEMs and new customers. KRN is strengthening its teams and systems to scale effectively, positioning itself for continued growth with a stronger balance sheet, larger capacity, and a wider customer base.
Source: BSE
