KRN Heat Exchanger and Refrigeration (KRN) Q2 24/25 earnings summary

Executive summary

• Consolidated Q2 FY25 revenue was ₹9,109.59 lakh vs ₹7,119.44 lakh; PAT was ₹1,231.08 lakh, up 42.98% YoY.

• H1 FY25 consolidated revenue was ₹18,688.04 lakh and net profit was ₹2,428.14 lakh, up 24.93% YoY.

Financial highlights

• Q2 EBITDA rose 36.38% YoY to ₹1,955.27 lakh; EBITDA margin was 21.17% vs 19.93%, and net profit margin was 13.35% vs 12.00%.

• H1 EBITDA was ₹3,844.19 lakh, up 22.15% YoY, with a 20.32% margin vs 19.34%; net profit margin was 12.84% vs 11.94%.

• Consolidated Q2 PBT was ₹1,730.23 lakh vs ₹1,214.31 lakh; finance costs were ₹110.44 lakh vs ₹120.56 lakh.

• Standalone Q2 revenue was ₹9,894.09 lakh vs ₹7,119.44 lakh; PAT was ₹1,210.20 lakh vs ₹861.31 lakh.

• Consolidated basic/diluted EPS was ₹2.64 in Q2 and ₹5.24 in H1, not annualised.

Segment performance

• Consolidated Q2 India revenue was ₹7,369.10 lakh vs ₹6,121.29 lakh YoY; overseas revenue was ₹1,740.49 lakh vs ₹998.15 lakh.

• H1 consolidated India and overseas revenue were ₹15,589.09 lakh and ₹3,098.95 lakh, respectively, vs ₹13,692.04 lakh and ₹2,372.20 lakh YoY.