KRN Heat Exchanger and Refrigeration Limited has informed the Exchange regarding Board meeting held on May 12, 2025.
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KRN Heat Exchanger reported audited consolidated revenue of Rs. 42,984.93 lakhs for FY25, up 39% from Rs. 30,828.31 lakhs in FY24. Net profit for the year rose 34% to Rs. 5,287.54 lakhs versus Rs. 3,938.99 lakhs last year, with EPS at Rs. 9.75 (FY24: Rs. 8.76). For Q4 FY25 alone, revenue surged 60% YoY to Rs. 13,150.24 lakhs, with quarterly net profit of Rs. 1,486.70 lakhs. Standalone FY25 revenue stood at Rs. 43,118.97 lakhs and net profit at Rs. 5,017.46 lakhs. The board also confirmed an unmodified audit opinion from statutory auditors Keyur Shah & Co., and disclosed that Rs. 31,111.66 lakhs raised through the September 2024 IPO has been fully deployed, with Rs. 11,020.16 lakhs still pending utilisation for the Neemrana subsidiary expansion.
Strong double-digit growth in both revenue and profits signals healthy demand for KRN's HVAC&R heat exchangers and effective scaling post-IPO. The pending capex deployment in subsidiary KRN HVAC Products could drive future capacity expansion, while zero investor complaints and a clean audit report support investor confidence.