KRN Heat Exchanger and Refrigeration Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2025.
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KRN Heat Exchanger's board approved audited financial results on May 12, 2025 with unmodified auditor opinion. Consolidated revenue from operations grew to Rs 429.85 crore in FY25 from Rs 308.28 crore in FY24, a rise of about 39%. Profit after tax climbed to Rs 52.88 crore in FY25 from Rs 39.39 crore in FY24, with EPS of Rs 9.75 versus Rs 8.76. Q4 FY25 revenue was Rs 131.50 crore and PAT was Rs 14.87 crore, both showing strong year-on-year growth. The company, which got listed in September 2024, has fully deployed IPO proceeds of Rs 311.12 crore, with Rs 235.76 crore invested in subsidiary KRN HVAC Products for a new Neemrana facility and Rs 75.36 crore for general corporate purposes.
Strong revenue and profit growth in the first full year post-IPO is positive for shareholders, though the share base has expanded significantly. Investors should watch utilization of the remaining Rs 110 crore in the subsidiary for the new manufacturing facility, which could drive future capacity and earnings.