KRN Heat Exchanger and Refrigeration announced robust first quarter results for FY27, showcasing a surge in revenue and exports driven by increased demand in India and internationally, while also investing in capacity and localisation to fuel future growth.
KRN Heat Exchanger and Refrigeration said its first quarter of FY27 delivered strong top-line growth, driven by rising demand for heating, ventilation, air conditioning and refrigeration products in India and overseas. In a statement issued from Jaipur, the company said consolidated revenue from operations climbed 118.87% year on year to ₹252.32 crore, while net profit rose 164.84% to ₹32.90 crore. Standalone revenue increased 59.07% to ₹181.97 crore and standalone net profit rose 19.02% to ₹18.67 crore.
The company also highlighted a sharp expansion in exports. Overseas revenue increased 177.31% to ₹52.38 crore, lifting the export contribution to 20.76% of consolidated segment revenue from 16.38% a year earlier. KRN said its products reached customers in 14 countries during the quarter, with the US the largest overseas market, followed by France, Vietnam, the United Arab Emirates and Italy.
At home, domestic revenue reached ₹199.94 crore, up 107.42% from the same period last year. The company said that reflected sustained demand in its core market and supported a more balanced sales mix as it sought to widen its footprint. KRN, which was established in 2017 in Neemrana, Rajasthan, makes aluminium and copper fin-and-tube heat exchangers, water coils, condenser coils and evaporator coils for original equipment manufacturers in the HVAC&R sector.
Not all the metrics moved in the same direction. According to LiveMint’s summary of the results, quarter-on-quarter operating profit slipped 12.99% to ₹15.41 crore and profit after tax fell 16.45% to ₹12.42 crore, with the operating margin at 13.37%. That contrasts with the stronger year-on-year picture and suggests some pressure from costs or seasonality even as the company continued to expand. In its commentary, chairman and managing director Santosh Kumar said KRN was investing in capacity, localisation and backward integration to support its next phase of growth.
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