Electronic Components company KRN Heat Exchanger and Refrigeration announced Q1FY27 results Consolidated Financial Highlights: Total Income for Q1FY27 was Rs 25,509.46 lakh, reflecting a significant growth of 40.63% QoQ from Rs 18,139.53 lakh in Q4FY26 and a 114.62% YoY increase from Rs 11,885.74 lakh in Q1FY26. Revenue from operations in Q1FY27 stood at Rs 25,231.70 lakh, up 40.58% QoQ compared to Rs 17,947.98 lakh in Q4FY26 and growing by 118.87% YoY from Rs 11,528.21 lakh in Q1FY26. Profit before tax for Q1FY27 was Rs 4,233.08 lakh, showing an increase of 57.66% QoQ from Rs 2,684.93 lakh in Q4FY26 and a YoY growth of 131.45% from Rs 1,828.90 lakh in Q1FY26. Net Profit for the quarter Q1FY27 reached Rs 3,289.56 lakh, representing a 40.81% QoQ rise from Rs 2,336.15 lakh in Q4FY26 and a 164.85% YoY surge from Rs 1,242.08 lakh in Q1FY26. Total Comprehensive Income for Q1FY27 stood at Rs 3,274.89 lakh, compared to Rs 2,339.03 lakh in Q4FY26 and Rs 1,243.11 lakh in Q1FY26. Basic and Diluted Earnings Per Share (EPS) for Q1FY27 was Rs 5.20, as against Rs 3.75 in Q4FY26 and Rs 2.00 in Q1FY26. Standalone Financial Highlights: Total Income for Q1FY27 was Rs 18,439.32 lakh, a decline of 10.02% QoQ from Rs 20,492.89 lakh in Q4FY26, but a YoY growth of 57.41% compared to Rs 11,713.93 lakh in Q1FY26. Revenue from operations in Q1FY27 stood at Rs 18,197.15 lakh, down 9.94% QoQ from Rs 20,206.18 lakh in Q4FY26, while increasing 59.07% YoY from Rs 11,439.90 lakh in Q1FY26. Profit before tax for the quarter Q1FY27 reached Rs 2,504.36 lakh, showing a growth of 33.85% QoQ from Rs 1,870.97 lakh in Q4FY26 and 19.47% YoY from Rs 2,096.19 lakh in Q1FY26. Net Profit for Q1FY27 was Rs 1,866.84 lakh, representing an increase of 10.66% QoQ from Rs 1,686.99 lakh in Q4FY26 and a growth of 19.02% YoY from Rs 1,568.56 lakh in Q1FY26. Business Highlights: Segment Performance: India: The domestic segment recorded revenue of Rs 19,994.00 lakh in Q1FY27, a growth of 31.85% QoQ compared to Rs 15,164.47 lakh in Q4FY26. Overseas: Export revenue stood at Rs 5,237.70 lakh in Q1FY27, representing a sharp increase of 88.17% QoQ from Rs 2,783.51 lakh in Q4FY26. Geographic Export Breakdown: Total segment revenue from overseas for Q1FY27 reached Rs 5,237.70 lakh. Major contributors included the USA at Rs 1,706.88 lakh, France at Rs 1,037.75 lakh, Vietnam at Rs 639.14 lakh, and the United Arab Emirates at Rs 594.09 lakh. Fund Raising Activities: The company completed a Qualified Institutional Placement (QIP) during the quarter, allotting 33,01,886 fully paid-up equity shares at an issue price of Rs 1,060.00 per share, aggregating to Rs 34,999.99 lakh. The net proceeds from the QIP (Rs 34,179.48 lakh) were utilized for the repayment of borrowings (Rs 3,000.00 lakh), investment in subsidiary KRN HVAC Products Private Limited for working capital (Rs 23,525.75 lakh), and general corporate purposes (Rs 7,653.73 lakh). IPO Proceeds Utilization: The net proceeds from the IPO amounting to Rs 31,111.66 lakh have been fully utilized as of June 30, 2026. This included Rs 23,575.66 lakh invested as equity in the subsidiary KRN HVAC Products Private Limited for setting up a new manufacturing facility at Neemrana, Rajasthan. Operations and Product Range: The company specializes in manufacturing fin-and-tube type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (HVAC&R;). The product portfolio includes condenser coils, evaporator units, header/copper parts, and sheet metal parts. Auditor Appointments: The Board approved the appointment of M/s. R S Chauhan & Associates as Cost Auditor and M/s. Sharma Shankar & Co. as Internal Auditor for the financial year FY27. Result PDF
Conference Call with KRN Heat Exchanger and Refrigeration Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Electronic Components company KRN Heat Exchanger and Refrigeration announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from Operations: For Q4FY26, the consolidated revenue stood at Rs 17,947.98 lakh, representing an increase of 17.13% QoQ from Rs 15,322.76 lakh in Q3FY26 and a growth of 36.48% YoY from Rs 13,150.24 lakh in Q4FY25. For the full year FY26, revenue reached Rs 60,005.77 lakh compared to Rs 42,984.93 lakh in FY25. Total Income: The company reported a consolidated total income of Rs 18,139.53 lakh in Q4FY26, up 16.96% QoQ from Rs 15,509.23 lakh and up 33.54% YoY from Rs 13,583.08 lakh in Q4FY25. Annual total income for FY26 was Rs 60,980.59 lakh compared to Rs 44,170.64 lakh in FY25. Profit Before Tax (PBT): PBT for Q4FY26 was Rs 2,684.93 lakh, an increase of 3.77% QoQ from Rs 2,587.36 lakh and a growth of 27.13% YoY from Rs 2,111.90 lakh in Q4FY25. For the full year FY26, PBT stood at Rs 9,795.57 lakh against Rs 7,432.16 lakh in FY25. Net Profit: The consolidated net profit for Q4FY26 was Rs 2,336.15 lakh, up 3.08% QoQ compared to Rs 2,266.39 lakh in Q3FY26 and an increase of 57.14% YoY from Rs 1,486.70 lakh in Q4FY25. Annual net profit for FY26 reached Rs 7,646.74 lakh compared to Rs 5,287.54 lakh in FY25. Earnings Per Equity Share (EPS): Basic and diluted EPS for Q4FY26 stood at Rs 3.75, compared to Rs 3.65 in Q3FY26 and Rs 2.39 in Q4FY25. For the full year FY26, the EPS was Rs 12.30. Standalone Financial Highlights: Revenue from Operations: Standalone revenue for Q4FY26 was Rs 20,206.18 lakh, an increase of 48.20% QoQ from Rs 13,634.43 lakh in Q3FY26 and a 54.43% YoY growth from Rs 13,084.29 lakh in Q4FY25. For the full year FY26, standalone revenue was Rs 67,623.01 lakh. Total Income: Standalone total income for Q4FY26 reached Rs 20,492.89 lakh, up 45.68% QoQ from Rs 14,067.45 lakh and up 55.06% YoY from Rs 13,216.31 lakh in Q4FY25. Annual standalone income for FY26 was Rs 68,995.30 lakh. Net Profit: Standalone net profit for Q4FY26 stood at Rs 1,686.99 lakh, a growth of 11.77% QoQ from Rs 1,509.31 lakh and an increase of 22.69% YoY from Rs 1,375.00 lakh in Q4FY25. For the full year FY26, standalone net profit was Rs 7,130.53 lakh compared to Rs 5,017.46 lakh in FY25. Business Highlights IPO Utilization: The company reported total net IPO proceeds of Rs 31,111.66 lakh. As of March 31, 2026, the entire amount has been utilized, with Rs 23,575.66 lakh invested in its wholly owned subsidiary, KRN HVAC Products Private Limited, for a new manufacturing facility in Neemrana, and Rs 7,536.00 lakh used for general corporate purposes. Geographical Segment Performance (Consolidated): India: Revenue stood at Rs 15,164.47 lakh in Q4FY26 and Rs 50,060.10 lakh for the full year FY26. Overseas: Export revenue was Rs 2,783.51 lakh in Q4FY26 and Rs 9,945.67 lakh for the full year FY26. Major export markets for FY26 included USA (Rs 3,093.60 lakh), United Arab Emirates (Rs 3,773.44 lakh), and Italy (Rs 1,321.58 lakh). Subsidiary Developments: On January 31, 2026, the subsidiary KRN HVAC Products Private Limited allotted 50,00,000 equity shares to the parent company by way of conversion of an unsecured loan. Management Changes: Mr. Pawan Nawal has been appointed as the Chief Financial Officer and Key Managerial Personnel of the company effective from May 15, 2026. Simultaneously, Mr. Sonu Gupta was re-designated from Chief Financial Officer to General Manager (GM) Finance. Labour Code Impact: The company estimated and recorded a past service cost of Rs 39.71 lakh (Consolidated) and Rs 16.00 lakh (Standalone) related to incremental obligations under the New Labour Codes, effective November 21, 2025. Result PDF
Electronic Components company KRN Heat Exchanger and Refrigeration announced Q3FY26 results Revenue: Rs 15,322.76 lakh against Rs 11,146.65 lakh during Q3FY25, change 37%. PBT: Rs 2,587.36 lakh against Rs 1,913.89 lakh during Q3FY25, change 35%. PAT: Rs 2,266.39 lakh against Rs 1,372.84 lakh during Q3FY25, change 65%. EPS: Rs 3.65 for Q3FY26. Result PDF