KRN Heat Exchanger And Refrigeration Ltd

🔥 KRN Heat Exchanger & Refrigeration Reports Strong Growth, Expands into Data Center Cooling & Exports

- Q2 FY26 standalone revenue: ₹227.22 Cr (↑126% YoY), EBITDA: ₹29.60 Cr (↑69% YoY), net profit: ₹23.66 Cr (↑95% YoY)

- H1 FY26 standalone revenue: ₹344.35 Cr (↑73% YoY), EBITDA: ₹49.38 Cr (↑43% YoY), net profit: ₹39.33 Cr (↑66% YoY)

- Consolidated Q2 revenue: ₹154.46 Cr (↑67% YoY), EBITDA: ₹30.25 Cr (↑67% YoY), net profit: ₹17.99 Cr (↑46% YoY)

- New capacity additions (6x previous) targeting 20% utilization in FY26, 50% in FY27

- Acquired Spare Refrigeration's bus AC division (expected ₹160 Cr revenue next year)

- Targeting 50% export revenue share in 3 years (strong markets: UAE, USA, Canada, Italy)

- Exploring data center cooling opportunities (Google's ₹50,000 Cr Vizag project)

- Neemrana facility improving efficiency & delivery timelines

- Expanding into bus AC & bar/plate heat exchangers

- Expecting 20-25% growth in commercial HVAC segment

- PLI & state incentives to boost margins from next year