Financial Results
KRN · price
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KRN Heat Exchanger reported strong financial performance for FY2026. Consolidated revenue grew 39.6% to Rs. 60,006 Lakhs from Rs. 42,985 Lakhs, while PAT increased 44.6% to Rs. 7,647 Lakhs from Rs. 5,288 Lakhs. Standalone revenue grew even faster at 56.8% to Rs. 67,623 Lakhs with PAT of Rs. 7,131 Lakhs (up 42.1%). EPS improved to Rs. 12.30 consolidated. However, the company reported negative operating cash flow of Rs. 11,380 Lakhs due to significant working capital buildup including Rs. 17,705 Lakhs increase in inventories and Rs. 8,175 Lakhs rise in trade receivables. The company also appointed Mr. Pawan Nawal as new CFO effective May 15, 2026. Auditors issued unmodified opinion on the financial statements.
Strong top-line and bottom-line growth demonstrates healthy business momentum. However, the negative operating cash flow and rising working capital requirements could raise concerns about cash conversion quality despite healthy profitability. Investors should monitor if working capital normalizes in coming quarters.