KRN Heat Exchanger and Refrigeration Limited — PPTs, 31-07-2025: Investor Presentation

**Financial Highlights:**

KRN reported strong standalone Q1 FY26: Total Income rose 18.65% YoY to ₹117.14 Cr. Net Profit surged 34.85% YoY to ₹15.69 Cr. Consolidated EBITDA dipped, though consolidated Net Profit grew.

**Strategic Initiatives & Growth Drivers:**

A key milestone was commissioning KRN HVAC Products Pvt. Ltd.'s Neemrana facility, boosting production localization and capacity. KRN plans further scaling and new product introductions, aligning with strong HVAC industry tailwinds from infrastructure and energy efficiency demand.

**Business Developments:**

KRN also secured Indian Railways vendor approval for components and established Thermotech Research Laboratory for advanced HVAC&R testing, strengthening offerings and internal R&D.

**Market Position & Competitive Advantage:**

KRN excels in customized heat exchangers, using advanced coatings and rigorous in-house quality control. Two manufacturing facilities and strong ties with marquee clients like Daikin demonstrate robust operational scale and market trust.

**Investor Implications:**

These updates signal positive growth potential from strong Q1, capacity expansion, and product innovation in a thriving HVAC market. Monitor raw material import dependence and efforts to diversify the customer base.