KRN Heat Exchanger and Refrigeration Limited — Investor Meet, 20-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

KRN Heat Exchanger reported Q4 consolidated revenue at INR135.83 Cr, up 62% YoY; EBITDA rose 7.5% to INR18.89 Cr, and net profit increased 23.4% to INR14.87 Cr. FY25 revenue grew 41% to INR441.71 Cr, EBITDA by 20.6% to INR70.54 Cr, and net profit 34% to INR52.88 Cr. Domestic revenue jumped 49%, exports also rose nearly 49%, led by EU and Canada. New vendor approval from Indian Railways and a new HVAC plant commissioning at 20-25% capacity in H2 FY26 support growth. Management cited margin pressures from seasonal sales and costs but expects margin improvement via automation, solar, and export expansion. Focus remains on export growth, innovation through a new R&D lab, and production scale-up. Sentiment is confident, backed by strategic investments and government incentives.