KRN Heat Exchanger and Refrigeration Limited has informed the Exchange about Investor Presentation
KRN · price
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Awaiting price reaction for this filing.
KRN Heat Exchanger reported a strong FY25 with consolidated revenue of ₹429.85 Cr, up from ₹308.28 Cr in FY24, while net profit rose to ₹52.88 Cr from ₹39.39 Cr. Q4 FY25 total income grew 62.3% YoY to ₹135.83 Cr with net profit up 23.4% to ₹14.87 Cr. However, EBITDA margins compressed to 14.37% in Q4 (from 21.43%) and 16.40% for FY25 (from 18.96%), mainly due to higher raw material and employee costs. Export revenue hit ₹67.45 Cr (15.69% of sales), with UAE, Canada, and Italy as key markets. The company secured Indian Railways vendor approval, set up a new R&D subsidiary (Thermotech), and is undertaking a ₹300+ Cr capacity expansion via KRN HVAC that will scale production 6x, with commercial output expected in Q2 FY26.
Strong topline growth and the railway approval are positives, but the sharp drop in Q4 EBITDA margins is a concern for short-term sentiment. Capacity expansion, new subsidiary launches, and management's explicit guidance on margin improvement in the coming years could support the stock over the medium term.