KRN Heat Exchanger and Refrigeration Limited has informed the Exchange regarding a press release dated July 31, 2025, titled "Press Release".
KRN · price
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Awaiting price reaction for this filing.
KRN Heat Exchanger reported a 34.85% YoY jump in standalone net profit to ₹15.69 Cr in Q1 FY26, while standalone total income rose 18.65% to ₹117.14 Cr and EBITDA grew 16.02% to ₹19.79 Cr. On a consolidated basis, net profit rose modestly by 3.77% to ₹12.42 Cr and total income grew 22.56% to ₹118.86 Cr, though EBITDA dipped 0.58% and diluted EPS fell 22.78% to ₹2.00. Overseas revenue surged 39.04% YoY to ₹18.89 Cr, led by the UAE and Italy, while domestic revenue grew 17.27% to ₹96.39 Cr. The company's subsidiary KRN HVAC Products commenced production at its new Neemrana facility on May 31, 2025, and secured a ₹141.72 Cr PLI incentive under the white goods scheme, aimed at expansion and backward integration.
Strong standalone earnings and the new PLI-backed Neemrana capacity are positive for long-term growth, but weaker consolidated EBITDA and a sharp drop in consolidated EPS may concern investors in the near term. Watch for margin trends in coming quarters as the new facility ramps up.