KRN KRN Heat Exchanger and Refrigeration Q4 FY26 results (Jan–Mar 2026) and concall
KRN Heat Exchanger reported strong financial performance for FY26 and Q4 FY26, driven by strategic diversification into new segments like HVAC, Data Centers, and Transport Applications. The new HVAC facility is now fully operational, with management guiding for 50% utilization in FY27. While raw material price increases are fully passed through, the company saw a significant build-up in inventory and receivables due to dispatch delays, strategic stocking for new products, and BIS issues, which are expected to normalize within six months.
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What they filed
Q4 FY26: revenue up 35.6%, net profit up 53.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 91 | 111 | 132 | 115 | 152 +67% | 153 +38% | 179 +36% |
| EBITDA | 18 | 16 | 19 | 18 | 30 +67% | 31 +94% | 34 +79% |
| Net profit | 12 | 14 | 15 | 12 | 18 +50% | 23 +64% | 23 +53% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
