KRN Heat Exchanger and Refrigeration has kicked off FY27 with a strong first quarter, reporting triple-digit year-on-year growth across key consolidated financial metrics.
The company, a manufacturer and exporter of aluminium/copper fins, copper tube heat exchangers, water coils, and condenser and evaporator coils, announced its audited financial results for Q1 FY27.
On a consolidated basis, revenue from operations rose 118.87% year-on-year to Rs. 252.32 crore, compared with Rs. 115.28 crore in Q1 FY26. EBITDA jumped 178.85% to Rs. 49.06 crore, from Rs. 17.59 crore a year earlier.
Profitability also strengthened sharply, with net profit soaring 164.84% to Rs. 32.90 crore, compared with Rs. 12.42 crore in the corresponding quarter last year. Diluted EPS climbed 160% to Rs. 5.20 from Rs. 2.00.
The consolidated EBITDA margin expanded to 19.44%, up from 15.26% in Q1 FY26, while net profit margin increased to 13.04% from 10.77%.
The standalone business also delivered growth, with revenue from operations increasing 59.07% to Rs. 181.97 crore. EBITDA rose 24.67% to Rs. 24.67 crore, while net profit increased 19.02% to Rs. 18.67 crore.
Commenting on the performance, Santosh Kumar, Chairman & Managing Director of KRN Heat Exchanger and Refrigeration Limited said, “We have begun FY27 on a strong note, with consolidated revenue growing 119% year-on-year in Q1 FY27. The performance reflects the continued strength of our business model and the growing demand for efficient heating, ventilation, air conditioning and refrigeration solutions.
"We remain encouraged by the underlying business environment and the opportunities emerging across both domestic and international markets.
“The growth in exports is particularly encouraging, with overseas revenue increasing 177% year-on-year and our products reaching customers across 14 countries during the quarter. This expansion reflects the growing acceptance of KRN’s products across international markets and the trust that customers are placing in our manufacturing capabilities, product quality and execution. At the same time, strong domestic growth demonstrates the depth of demand within our core market and provides a balanced foundation for our expansion."
He added: “As we move ahead, our focus remains on building scale, strengthening our manufacturing capabilities and deepening our presence across high-potential markets. The investments being made in capacity, localisation and backward integration are aimed at creating a stronger and more integrated operating base to support the next phase of growth.
"With a growing customer base, expanding export footprint and favourable industry opportunities, we remain focused on executing our strategy with discipline and building KRN into a stronger global player in the HVAC&R ecosystem.”
