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Latest news about KRN Heat Exchanger and Refrigeration

KRN Heat Exchanger Reports 126% Revenue Surge in Q2 FY26, New Facility Ramps Up Nov 10, 2025

KRN Heat Exchanger and Refrigeration Limited reported impressive Q2 FY26 results, with standalone revenue growing 126% year-on-year to INR 227.22 crores. EBITDA increased by 69% to INR 29.60 crores, and net profit rose 95% to INR 23.66 crores. The company's new Neemrana facility, operational since May 30, 2025, contributed INR 33.00 crores to revenue. Export business showed strength in markets like UAE, US, Canada, and Italy. KRN's subsidiary acquired a bus air-conditioning division to expand its automotive HVAC presence. The company expects continued growth from capacity expansion, market demand, government initiatives, and product diversification.

KRN Heat Exchanger Projects Steady EBITDA Margins, Declines Specific Revenue Guidance Nov 07, 2025

KRN Heat Exchanger Q2 Net Profit Nearly Doubles on Strong Revenue Growth; Automotive HVAC Segment Provides Boost Nov 05, 2025

KRN Heat Exchanger Reports 46% Surge in Q2 Net Profit, Revenue Jumps 65% Nov 04, 2025

KRN Heat Exchanger Faces Rs. 5.53 Crore GST Show Cause Notice Nov 01, 2025

More news about KRN Heat Exchanger and Refrigeration

15Oct 25

KRN Heat Exchanger's Subsidiary Launches Bus AC Production in Rajasthan

KRN Heat Exchanger and Refrigeration Limited's wholly-owned subsidiary, KRN HVAC Products Pvt. Ltd., has started commercial production of its Bus AC Division at Neemrana, Rajasthan. The facility, which began operations on October 15, 2025, will focus on manufacturing heat exchangers and HVAC products. This strategic expansion aims to diversify the company's product portfolio and strengthen its position in the HVAC sector, particularly in the commercial vehicle segment.

08Oct 25

KRN Heat Exchanger Expands into Bus Air-Conditioning with Strategic Acquisition

KRN Heat Exchanger and Refrigeration's subsidiary, KRN HVAC Products, is set to acquire the bus air-conditioning division of Sphere Refrigeration Systems. The acquisition includes all operations, assets, and employees of the division. This strategic move aims to expand KRN's product portfolio in the transport and mobility cooling segment, aligning with the company's goal to diversify its HVAC business across various applications. The market initially responded with a marginal decrease in share price to 838.00.

06Oct 25

KRN Heat Exchanger Expands into Bus Air-Conditioning Segment through Strategic Acquisition

KRN Heat Exchanger and Refrigeration Limited is expanding into the bus air-conditioning segment by acquiring the bus air-conditioning division from Sphere Refrigeration Systems Private Limited. The acquisition, approved on October 6, 2025, will be executed through KRN's wholly-owned subsidiary, KRN HVAC Products Private Limited. This strategic move is expected to enhance KRN's revenues, profitability, and market presence in the HVAC sector. Employees from the acquired division will be transferred to KRN HVAC. The deal does not involve any share issuance or related party transactions.

05Aug 25

KRN Heat Exchanger Reports Strong Q1 FY26 Results, New Facility Operational

KRN Heat Exchanger and Refrigeration Limited announced robust Q1 FY26 results with consolidated revenue of INR 118.86 crores and net profit of INR 12.42 crores. Standalone net profit increased by 34.85% YoY to INR 15.69 crores. The company's new Neemrana Manufacturing Facility commenced operations, and its subsidiary received approval for a INR 141.72 crore incentive under the PLI scheme for white goods. Export revenue grew by 39.04%, with the company targeting 50% export share within three years. KRN is also exploring new product segments and sees potential in the data center cooling market.

31Jul 25

KRN Heat Exchanger Reports Q1 Revenue Growth Amid Margin Pressure

KRN Heat Exchanger and Refrigeration Limited reported Q1 consolidated revenue of ₹1.15 billion, up 20.04% year-over-year. Net profit increased 3.33% to ₹124.00 million. EBITDA margin compressed to 15.26% from 18.48%. The company's subsidiary, KRN HVAC Products Private Limited, started commercial production at a new facility in Neemrana, Rajasthan on May 31.

02Jul 25

KRN Heat Exchanger Unveils Rs 600 Crore Investment Plan for Rajasthan

KRN Heat Exchanger plans to invest Rs 600 crore in Rajasthan over the next four years, following a recent Rs 300 crore investment in a new heat exchanger plant. The company's new Neemrana plant, which began commercial production in May, has increased capacity sixfold. KRN expects 20% business growth this year and projects 60-70% revenue increase for FY26.

15May 25

KRN Heat Exchanger Secures ₹142.00 Crore Incentive Approval, Boosting Growth Prospects

KRN Heat Exchanger and Refrigeration, a key player in thermal management solutions, has received approval for incentives totaling ₹142.00 crore. This significant financial boost could potentially accelerate the company's expansion plans, enhance technological capabilities, improve operational efficiency, and strengthen its market position. The incentive approval may also indicate positive sentiment towards the thermal management and refrigeration industry.

12May 25

KRN Heat Exchanger Reports Mixed Q4 Results with Revenue Surge and EBITDA Growth

KRN Heat Exchanger's Q4 results show mixed performance. Revenue soared 58.54% year-over-year to 1.30 billion rupees. EBITDA grew 7.39% to 189.00 million rupees. However, EBITDA margin contracted to 14.40% from 21.44% in the previous year. The company demonstrates strong top-line growth but faces challenges in maintaining profitability margins.

25Mar 25

KRN Heat Exchanger's Subsidiary Gains Vendor Approval from Indian Railways

KRN HVAC Products Pvt Ltd, a subsidiary of KRN Heat Exchanger and Refrigeration Limited, has received approval as an approved vendor from the Ministry of Railways, Government of India. This recognition opens up new opportunities for the company in the railway sector, potentially leading to increased business opportunities, enhanced credibility, and possible revenue growth.

24Mar 25

KRN HVAC Products Secures Approval as Vendor for Indian Railways

KRN HVAC Products Private Limited, a subsidiary of KRN Heat Exchanger and Refrigeration Limited, has received approval as a vendor for Indian Railways. The approval, granted on June 24, 2024, is specifically for Oil Cooler Radiator for Converter Transformer. This recognition opens up potential opportunities for the company to supply products to one of the world's largest railway networks. Separately, the company held a meeting with Bank of India-Mutual Fund on March 24, 2025, at its Neemrana facility.

18Mar 25

KRN Heat Exchanger Unveils Ambitious Expansion Plan, Engages with Investors

KRN Heat Exchanger plans to increase production capacity six-fold by May 2025, expecting 80-85% utilization within three years. The company will invest Rs 30-40 crore over three years for line balancing and has signed a Rs 1,000 crore MoU with Rajasthan government. On March 17, 2025, KRN conducted meetings with analysts and institutional investors from various firms, maintaining transparency by not sharing unpublished price-sensitive information.