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KRN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
KRN Heat Exchanger reported strong FY26 results with standalone total income of Rs.689.95 crores (up 57% YoY) and consolidated net profit of Rs.76.47 crores (up 45% YoY). Q4 consolidated EBITDA surged 78% YoY to Rs.33.55 crores. The new Neemrana HVAC facility is ramping up, targeting 50% capacity utilization in FY27 and 80% in FY28. Data center business now contributes 16-18.7% of revenue with further growth expected. The company entered the Bus AC segment targeting 15% market share and Rs.150 crores revenue, while exports reached Rs.100 crores with Rs.120 crores in order book. Management targets revenue of Rs.2,250-2,850 crores by FY28-29, expecting margin improvement from PLI benefits, RIFS approval, export growth and solar power savings.
Strong operational performance with diversified growth across data centers, bus AC, and exports. The new facility ramp-up and multiple growth catalysts (PLI, new product approvals) position the company for continued margin expansion and revenue growth over the next 2-3 years.