KRN Heat Exchanger and Refrigeration Limited has informed the Exchange regarding a press release dated May 31, 2025, titled "Press Release".
KRN · price
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Awaiting price reaction for this filing.
KRN Heat Exchanger and Refrigeration Limited announced that its wholly owned subsidiary, KRN HVAC Products Pvt. Ltd., has started commercial production at a new manufacturing facility in RIICO Industrial Area, Kolila Joga, Neemrana (Rajasthan), effective May 31, 2025. The new plant will manufacture heat exchangers and HVAC products, strengthening the company's specialized product portfolio and expanding its manufacturing footprint. The company highlighted the facility's strategic location with strong connectivity to Northern industrial clusters and logistics corridors, supporting both domestic distribution and export-oriented production. For context, KRN reported FY25 consolidated revenue of ₹441.71 crore, EBITDA of ₹70.51 crore, and net profit of ₹52.88 crore, producing over 1 million units annually with around 16% of output exported.
This is a positive capacity expansion move that should boost future revenue potential and operational efficiency, though near-term financial impact will depend on ramp-up speed and demand absorption. Shareholders may view this as a growth-oriented milestone supporting the company's scaling strategy.