KRN Heat Exchanger and Refrigeration Ltd
KRN Heat Exchanger and Refrigeration Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
Guidance rank: #42 of 100 in Industrial Products
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KRN Heat Exchanger and Refrigeration Ltd Q1 FY27 key numbers
- Revenue
- Planned INR 100 crore capex within one year for new facilities in Bangalore and nearby locations to support bus air conditioning and railway HVAC segments; initial revenue shift expected post-FY29.
As stated in KRN Heat Exchanger and Refrigeration Ltd's Q1 FY27 earnings call transcript · published 29 Aug 2026. Reported figures, not investment advice.
The short version
Capacity utilization is projected to reach 80% by FY28, targeting approximately INR 2,000 crore in revenue. KRN aims to increase revenue to approximately INR 2,000 crores by FY '28, scaling over 3x from current levels.
From KRN Heat Exchanger and Refrigeration Ltd's Q1 FY27 earnings-call transcript · updated 29 Aug 2026.
Revenue & Sales Performance
- Capacity utilization is projected to reach 80% by FY28, targeting approximately INR 2,000 crore in revenue.
- Export business is expected to nearly double from INR 100 crore last year to around INR 200 crore this year, with 50% export contribution targeted in fin and tube segment in 2-3 years.
- Planned INR 100 crore capex within one year for new facilities in Bangalore and nearby locations to support bus air conditioning and railway HVAC segments; initial revenue shift expected post-FY29.
- EBITDA margin expected to remain strong at 20%+ as scale increases with PLI incentives supporting short term and RIPS for the next 10 years.
2 more points from KRN Heat Exchanger and Refrigeration Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- KRN Heat Exchanger and Refrigeration plans to invest around INR 100 crores in capex within the next year.
- This capex involves two plots: one in Bangalore and another nearby, primarily for bus air conditioning and railway HVAC system expansion.
- The new Bangalore facility aims to service nearby customers, improving logistics and reducing transportation damages, with operations expected to start within a year.
- This capex will initially transfer existing business, so no immediate revenue increase, but once utilization increases, additional revenue will be generated.
- No major expansion plans beyond this INR 100 crore capex, except a potential 10-15% increase in capacity in Bangalore.
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- It was mentioned that order book remains strong with confidence in quarter-on-quarter growth.
- New orders include 29 new customers added in the last quarter across bus AC, export, and domestic segments.
- For railways, a recent tender participation is at L1 position, with nominations expected within 1-2 weeks.
- Order book supports the planned revenue scale-up to INR 2,000 crores by FY ‘28.
2 more points from KRN Heat Exchanger and Refrigeration Ltd's call on order book
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What the Q1 FY27 call signalled
4 of 5 strong
KRN Heat Exchanger and Refrigeration Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹319 Cr, net profit ₹36 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What KRN Heat Exchan's management said in earlier quarters
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Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were KRN Heat Exchanger and Refrigeration Ltd Q1 FY27 results?
Capacity utilization is projected to reach 80% by FY28, targeting approximately INR 2,000 crore in revenue. KRN aims to increase revenue to approximately INR 2,000 crores by FY '28, scaling over 3x from current levels.
What is KRN Heat Exchanger and Refrigeration Ltd share price analysis?
KRN Heat Exchanger and Refrigeration Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 100.1 with a market cap of ₹9,702 Cr. Investors should review the full earnings analysis for detailed insights.
Is KRN Heat Exchanger and Refrigeration Ltd planning capital expenditure?
KRN Heat Exchanger and Refrigeration plans to invest around INR 100 crores in capex within the next year.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.