Neemrana, Rajasthan: KRN Heat Exchanger and Refrigeration Limited (BSE: 544263 | INE0Q3J01015 | NSE: KRN), one of the prominent manufacturers and exporters of aluminium/copper fins, copper tube heat exchangers, water coils, and condenser and evaporator coils has announced its Unaudited Financial Results for Q2 & H1 FY27.

Key Financial Highlights

Q2 FY27 performance (consolidated, YoY)

  • Revenue from operations rose 109.86% to ₹319.14 Cr in Q2 FY27, up from ₹152.07 Cr in Q2 FY26.
  • EBITDA grew 61.10% to ₹48.75 Cr, up from ₹30.26 Cr in the same quarter last year.
  • EBITDA margin was 15.27%, down 462 bps from 19.90% in Q2 FY26.
  • Net profit increased 100.38% to ₹36.11 Cr, up from ₹18.02 Cr in Q2 FY26.
  • Net profit margin was 11.32%, down 54 bps from 11.85% a year earlier.

H1 FY27 performance (consolidated, YoY)

  • Revenue from operations rose 113.75% to ₹571.45 Cr in H1 FY27, up from ₹267.35 Cr in H1 FY26.
  • EBITDA grew 104.40% to ₹97.81 Cr, up from ₹47.85 Cr in H1 FY26.
  • EBITDA margin was 17.12%, down 78 bps from 17.90% in H1 FY26.
  • Net profit increased 126.68% to ₹69.01 Cr, up from ₹30.44 Cr in H1 FY26.
  • Net profit margin improved 69 bps to 12.08%, up from 11.39% in H1 FY26.

EBITDA excludes other income, and EBITDA margin is calculated on revenue from operations.

Export highlights – H1 FY27

  • Export revenue rose 192% YoY to ₹125.8 Cr, making up 22% of total revenue (16% in H1 FY26)
  • The USA was the largest market at 43.7% of export revenue (₹55.0 Cr)
  • Canada contributed 12.8% (₹16.1 Cr)
  • France contributed 12.7% (₹15.9 Cr)
  • The UK contributed 7.9% (₹10.0 Cr)
  • Italy contributed 7.6% (₹9.6 Cr)
  • The top five markets made up about 85% of export revenue
  • The rest came from markets including the UAE, Vietnam, Sri Lanka, Brazil and Nepal

Commenting on the Performance, Mr. Santosh Kumar Yadav, Chairman & Managing Director of KRN Heat Exchanger and Refrigeration Limited said, “The first half of FY27 has been a strong period for KRN. Revenue and profit have both more than doubled year-on-year, with the business growing across customers, products and geographies. Our expanded manufacturing capabilities at Neemrana are giving us the scale to take on larger programmes. More customers are being qualified and our product range keeps getting wider, and we still have room to grow into, which supports our growth plans for the years ahead.

We are also encouraged by how we have grown in international markets. Exports have grown several times over and now make up a much larger part of our business. Customers in North America and Europe are giving us more business, and new customers in the data centre segment have started working with us. Data centre cooling is becoming an important growth engine for KRN, and customers are planning and placing orders well in advance. We are also developing products for liquid cooling as the technology moves that way. In bus air conditioning, we have started supplies to an OEM and are steadily adding customers, which gives us another area to grow in.