Quarterly Result13 Aug 2026, 03:03 pm
KRN Heat Exchanger Reports 119% Revenue Growth in Q1 FY27
AI Summary
KRN Heat Exchanger and Refrigeration Limited announced robust Q1 FY27 financial results, with consolidated revenue surging 118.87% year-on-year to ₹252.32 Cr. EBITDA and Net Profit also saw significant increases of 178.85% and 164.84% respectively. The company highlighted strong export growth, with overseas revenue up 177.31% and reaching 14 countries. Key business highlights include the completion of a ₹350 Cr Qualified Institutions Placement (QIP) and the sanction of an ₹182.95 Cr incentive for its Neemrana facility. IPO proceeds have been fully utilized. The company also appointed a new CFO and secured a domestic supply order post-quarter.
Key Highlights
- Consolidated revenue grew 118.87% YoY to ₹252.32 Cr in Q1 FY27.
- EBITDA surged 178.85% YoY to ₹49.06 Cr; Net Profit up 164.84% YoY to ₹32.90 Cr.
- Overseas revenue increased 177.31% YoY, contributing 20.76% to total revenue.
- Completed ₹350 Cr QIP and received ₹182.95 Cr state incentive for Neemrana facility.
- IPO proceeds of ₹311.12 Cr fully utilized as of June 30, 2026.
Price Impact
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