KRN Heat Exchanger and Refrigeration Limited — Updates, 28-01-2025: Press Release

KRN Heat Exchanger and Refrigeration Limited reported impressive financial results for Q3 FY25, with consolidated total income rising by approximately 73.67% year-over-year to ₹116.36 Cr, and net profit soaring 74.44% to ₹13.73 Cr. For the nine-month period, total income reached ₹305.88 Cr, a 32.96% increase compared to the same period last year, while net profit rose to ₹38.01 Cr, marking a 39.02% growth.

The company has invested ₹235.76 Cr through a rights issue in its subsidiary, KRN HVAC Products Private Limited, retaining a 99.99% stake. This move aims to bolster capacity and reinforce market leadership in the HVAC&R industry. The Chairman & Managing Director expressed confidence in the firm's growth trajectory, driven by increasing demand for energy-efficient heat exchanger solutions. The overall strong performance and substantial investments point to a positive outlook for KRN as it focuses on innovation and quality in its products.