KRN Heat Exchanger and Refrigeration Limited has informed the Exchange about Transcript

KRN Heat Exchanger reported strong FY25 results with consolidated revenue of INR441.71 crores, up 40.79% YoY, EBITDA of INR70.54 crores (+20.63%), and net profit of INR52.88 crores (+34.25%). Q4 FY25 revenue grew 62.3% YoY to INR135.83 crores, though EBITDA margin faced ~1.7% pressure from seasonal low-margin sales, raw material pass-through to OEMs, and higher employee costs. Export revenue jumped 49% to INR67.5 crores (~16% of total), with management targeting 30-35% export share by FY26. Three major positives were highlighted: receipt of PLI approval worth INR141.72 crores from the Government of India for white goods (6%/5%/4% incentive over 3 years), approval as a vendor by the Ministry of Indian Railways for oil cooler radiators (delivered 10-unit prototype to Banaras Locomotive Works), and launch of subsidiary Thermotech Research Laboratories for HVAC testing with AHRI partnership. New refrigeration facility (under subsidiary KRN HVAC Products) is set to start commercial production in Q2 FY26, targeting 20-25% utilization in year one. Railway margins are stated to be nearly double existing product margins.