KRN Heat Exchanger and Refrigeration Limited — PPTs, 07-02-2026: Investor Presentation

KRN Heat Exchanger has delivered strong Q3 and nine-month FY26 results.

**1. Business Performance:** Consolidated total income for Q3 jumped 33.29% to ₹155.09 Cr, with net profit surging 65.09% to ₹22.66 Cr. For the nine-month period, total income grew 40.06% to ₹428.41 Cr, and net profit increased by 39.72% to ₹53.11 Cr. Export revenue for 9M FY26 was significantly driven by the UAE (38.10%) and USA (37.28%).

**2. Growth Drivers or Strategy:** The company is focused on operational efficiencies, enhancing its product portfolio with new offerings like Bar & Plate Heat Exchangers and Oil Cooling Units, and continuously improving product design. It aims to diversify its customer base and expand its global footprint, particularly in Europe and North America.

**3. Recent Developments:** A key update is the subsidiary KRN HVAC Products acquiring Sphere Refrigeration Systems’ Bus AC division and commencing production at its Neemrana plant. CRISIL also assigned an A– rating with a Stable Outlook to KRN's bank facilities.

**4. Key Financial Metrics:** Q3 FY26 Consolidated EPS stood at ₹3.65 (+72.17% YoY), while 9M FY26 EPS was ₹8.54 (+16.03% YoY). EBITDA for Q3 grew 96.54% to ₹31.08 Cr, and for 9M, it was up 52.91% to ₹78.93 Cr.

**5. Management Commentary / Outlook:** Management highlights steady progress driven by consistent execution and healthy domestic and export demand. They are building stronger customer relationships and focusing on higher-value products and operational control. The outlook remains confident with a stable order pipeline, expanding global engagements, and a focus on efficiency to sustain growth.