)
KRN Heat Exchanger and Refrigeration (KRN) investor relations material
KRN Heat Exchanger and Refrigeration Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY27 consolidated revenue rose 113.75% YoY to ₹57,145.28 lakh and PAT increased 126.68% to ₹6,900.67 lakh, supported by growth across customers, products and geographies.
Neemrana expansion, broader product capabilities and customer qualification support growth plans; management expects FY27 revenue to track above prior guidance, subject to external risks.
Financial highlights
Consolidated Q2 FY27 revenue from operations was ₹31,913.58 lakh (+109.86% YoY), EBITDA ₹48.75 crore (+61.10%) and PAT ₹3,611.12 lakh (+100.38%).
Consolidated H1 FY27 revenue was ₹57,145.28 lakh (+113.75%), EBITDA ₹97.81 crore (+104.40%) and PAT ₹6,900.67 lakh (+126.68%).
H1 exports revenue rose 192% YoY to ₹125.8 crore, or 22.01% of sales versus 16% in H1 FY26.
Standalone Q2 revenue fell to ₹16,706.54 lakh from ₹22,342.50 lakh YoY and PAT to ₹1,555.69 lakh from ₹2,365.67 lakh; H1 PAT was ₹3,422.53 lakh versus ₹3,934.23 lakh.
Outlook and guidance
FY27 revenue could exceed prior ₹1,200 crore guidance and reach ₹1,250 crore or higher; exports are expected near ₹250 crore versus prior ₹200 crore guidance, subject to force majeure, U.S. tariffs and export disruption.
Q3 margins are expected near Q2 levels; Q4 could improve by 1–2% as revenue, exports and operating leverage rise.
Export revenue is expected to grow 60–80% next year; the 50% export-mix target applies to Fin and Tube Heat Exchangers, not total revenue.
Capacity utilization targets are ~50% in FY27 and 80% in FY28; management sees at least 30% growth after next year and plans a Bengaluru facility.
- Q2 earnings rose YoY, with IPO proceeds supporting planned manufacturing expansion.KRN
Q2 24/25 - Q3 PAT rose 74.44% as Neemrana expansion advanced toward 5–6x capacity.KRN
Q3 24/25 - FY25 growth and railway-led capacity expansion advance alongside lower margins and ramp-up risks.KRN
Q4 24/25 - Neemrana ramp-up and export growth set the stage for stronger margins.KRN
Q1 25/26 - Revenue and profit grew as transport-cooling expansion and Neemrana investment advanced.KRN
Q2 25/26 - Q3 growth and new capacity underpin bus-AC and data-center expansion.KRN
Q3 25/26 - FY26 growth and margin gains set up a capacity-led FY27 ramp, with execution key.KRN
Q4 25/26 - Consolidated Q1 revenue rose 118.87%, led by exports; QIP raised ₹34,999.99 lakh.KRN
Q1 26/27
Next KRN Heat Exchanger and Refrigeration earnings date
Next KRN Heat Exchanger and Refrigeration earnings date
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
)
)