KRN Heat Exchanger and Refrigeration Limited has informed the Exchange about Investor Presentation
KRN · price
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KRN Heat Exchanger shared its Q1 FY26 investor presentation along with quarterly results. Standalone total income grew 18.65% YoY to ₹117.14 Cr, net profit jumped 34.85% to ₹15.69 Cr, but EBITDA margin slipped slightly to 17.30% from 17.50%. On a consolidated basis, revenue rose 22.56% to ₹118.86 Cr, but EBITDA margin dropped sharply from 18.48% to 15.26% and net profit grew only 3.77% to ₹12.42 Cr, likely weighed down by the new subsidiary's startup costs. Key highlights included the May 2025 commissioning of the KRN HVAC Products subsidiary facility at Neemrana, PLI incentive approval, and strong exports (UAE 46%, Italy 19%, Canada 18%). FY25 consolidated revenue was ₹429.85 Cr with net profit of ₹52.88 Cr (11.97% margin).
Mixed Q1 — robust standalone profit growth but consolidated margin compression signals near-term costs from the new facility. Stock trades at ₹850 with a market cap of ~₹5,285 Cr near its 52-week high of ₹1,012, indicating investors are betting on the Neemrana capacity expansion and PLI benefits outweighing current margin softness.