KRN NSE filing

KRN Heat Exchanger Q2 FY27 Revenue Doubles YoY to ₹319 Crore, PAT at ₹36 Crore

The RealCase readHigh impact Positive

KRN Heat Exchanger reported a strong Q2 FY27 with revenue at ₹319.14 crore (up 109.86% YoY) and PAT at ₹36.11 crore (up 100.38% YoY). For H1 FY27, revenue reached ₹571.45 crore (up 113.75% YoY) and PAT was ₹69.01 crore (up 126.68% YoY). The company sees significant growth in international markets and the data centre cooling segment.

Why it matters

The significant increase in revenue and profit, coupled with positive management outlook and expansion into high-growth areas like data centre cooling, indicates a material positive impact on the company's financial performance and market position.

The market read

The company reported substantial year-on-year growth in both revenue and profit for the quarter and half-year ended September 30, 2026. Management commentary is optimistic about future growth drivers and international expansion.

KRN Heat Exchanger and Refrigeration Limited has announced its unaudited financial results for the quarter and half year ended September 30, 2026. The company reported a significant year-on-year growth, with revenue from operations for Q2 FY27 reaching ₹319.14 crore, an increase of 109.86% compared to ₹152.07 crore in Q2 FY26. Profit After Tax (PAT) for the quarter more than doubled to ₹36.11 crore from ₹18.02 crore in the same period last year.

For the half year ended September 30, 2026 (H1 FY27), consolidated revenue from operations surged by 113.75% to ₹571.45 crore, up from ₹267.35 crore in H1 FY26. The PAT for H1 FY27 stood at ₹69.01 crore, a substantial increase of 126.68% compared to ₹30.44 crore in the corresponding period of the previous year.

The company's EBITDA also saw robust growth, increasing by 61.10% to ₹48.75 crore in Q2 FY27 and by 104.40% to ₹97.81 crore in H1 FY27. EBITDA margins for Q2 FY27 were 15.27%, down from 19.90% in Q2 FY26, while H1 FY27 EBITDA margins stood at 17.12%, compared to 17.90% in H1 FY26.

Mr. Santosh Kumar Yadav, Chairman and Managing Director, expressed optimism about the company's performance, highlighting the doubling of revenue and profit year-on-year. He noted the growth across customers, products, and geographies, attributing it to expanded manufacturing capabilities and a wider product range. International market growth, particularly from North America and Europe, and the burgeoning data centre cooling segment are key drivers. The company is also developing products for liquid cooling and expanding its bus air conditioning business. KRN is strategically strengthening its teams and systems to support future growth.

Filing to action

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KRN Heat Exchanger and Refrigeration Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.

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Primary source

A plain-language summary of a public exchange filing by KRN Heat Exchanger and Refrigeration Limited. Read the original for the full detail.

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