KRN Heat Exchangers posts strong Q1 growth with net sales of ₹115.28 crore, up 20.36%, driven by domestic & international demand.
KRN Heat Exchangers Neemrana facility supports robust Q1 growth as the company ramps up production for domestic and global markets.
KRN Heat Exchangers and Refrigeration Ltd is a leading Indian company specialising in the manufacture of aluminium and copper fins and copper tubes heat exchangers, condenser, water coil and evaporator coils.
The company products are supplied to renowned original equipment manufacturers in the heating, ventilation, air conditioning and refrigeration (HVAC&R) industry. Some of the prestigious customers include Daikin India, Schneider Electric, Voltas, Carrier, Eherspaecher, Kirloskar, Blue Box, Knorr Bremse and Voltas.
KRN Heat Exchangers and Refrigeration has a state-of-the-art manufacturing facility integrated with the latest machines, tools and technologies delivering customised coils with various configurations, tubes, and fin patterns enabling optimal performance for its customers with a wide range of refrigerants. The company got listed on both the
National Stock Exchange and Bombay Stock Exchange in October 2024 and has since been a favourite stock among many fund managers and business sector analysts.
KRN Heat Exchangers and Refrigeration Ltd reported consolidated quarterly financial numbers for June 2025 with net sales at Rs 115.28 crore, up 20.36% from Rs 95.78 crores for the June 2024 quarter driven by healthy domestic and international demand. On the other hand, EBITDA for the aforesaid quarter stood at Rs 21.17 crores, up 12.07% from Rs 18.89 crores during the same quarter of the last fiscal. The quarterly net profit for June 2025 was Rs 21.17 crores as against Rs 18.89 crores for the same quarter of the last financial year.
The company successfully commenced the commercial operations at its Neemrana facility in Rajasthan for the manufacture of high-quality heat exchangers and HVAC products to serve both the domestic and international markets. The company is expecting a 20-25% increase in the capacity utilisation from the new facility over the next few quarters, a further 50% capacity by FY 27 and a full 80-100% capacity utilisation in the next two years time frame.
In another significant development, KRN Heat Exchangers and Refrigeration has also secured approval under the PLI scheme from the government with a sanctioned incentive of Rs 141.72 crores for white goods production products. This is expected to aid the company in its expansion plans, increase infrastructure development and increase the adoption of energy efficient systems.
Data centres business is one sector which is going to be a booming sector in the ensuing future on the back of the current AI expansion plans taking place around the world. Incidentally, global international blue-chip companies such as Google has recently announced that it wants to invest a mind boggling sum of Rs 50,000 crores in India to develop the Data Centers cooling segment. The company is hopeful that a part of the fund allocation towards its products should flow to them in the future. The management of the company is expecting the data Center business segment of HVAC systems to be roughly Rs 1000 crores in the next few years.
The business outlook is extremely bright for KRN Heat Exchangers and Refrigeration Ltd on the back of strong client partnerships, expanding market share and continued product innovation. Fund managers and Brokers are quite bullish on KRN Heat Exchangers and Refrigeration Ltd and expect it to deliver excellent sales and profits over the next 2 years time frame. They are advising their portfolio investors to accumulate the KRN scrip for superlative investment gains in the long term.
