KRN Heat Exchanger and Refrigeration Ltd
KRN Heat Exchanger and Refrigeration Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
5 of 5 strong
The short version
The company is targeting significant revenue growth, aiming for Rs.2,250 crores to Rs.2,850 crores in the near future (FY28/FY29 timeframe). The company expects quarter-on-quarter revenue growth in coming quarters, driven by ramp-up of new facility and increased capacity utilization, with highest ever performance anticipated over next eight quarters (Page 15).
From KRN Heat Exchanger and Refrigeration Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company is targeting significant revenue growth, aiming for Rs.2,250 crores to Rs.2,850 crores in the near future (FY28/FY29 timeframe).
- New facility utilization expected to rise from 50% in FY27 to 80% in FY28, driving faster capacity ramp-up.
- Data center segment revenue is growing rapidly, currently around 19%, expected to increase quarter-on-quarter with strong order booking including exports.
- Bus Air Conditioning (Bus AC) segment is expected to contribute Rs.150 crores with around 15% market share, backed by ongoing OEM supply.
- Export business is anticipated to nearly double compared to last year, especially in data centers, targeting North America, Europe, and UAE markets.
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Profitability & Margins
See what KRN Heat Exchanger and Refrigeration Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Existing major CAPEX is completed, including building, land, and utilities; facility is ready for utilization (Page 14).
- Slight additional investment planned for line balancing and adapting existing facility for new geometry, especially to support data center products (Page 14).
- Planned CAPEX over next two years estimated at approximately Rs. 30-40 crores, mainly towards existing facility enhancements (Page 14).
- New plant utilization expected to ramp from 50% in FY27 to 80% in FY28 (Page 11, 18).
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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
- Total order booking including data center export is around Rs.120 crores (Page 17).
- Data center customers typically provide rolling one-month firm orders domestically; hence, the company does not break down the order book specifically for data center (Page 17).
- Export order booking includes confirmed orders from Europe, North America, and UAE (Page 6, 17).
- A recent UAE order worth approximately Rs.120 crores was disclosed, but dispatch was delayed, leading to inventory buildup (Page 16, 10).
- Exports target to nearly double this year compared to last, with a strong focus on data center orders (Page 13, 17).
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KRN Heat Exchanger and Refrigeration Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹179 Cr, net profit ₹23 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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Frequently Asked Questions
What were KRN Heat Exchanger and Refrigeration Ltd Q4 FY26 results?
The company is targeting significant revenue growth, aiming for Rs.2,250 crores to Rs.2,850 crores in the near future (FY28/FY29 timeframe). The company expects quarter-on-quarter revenue growth in coming quarters, driven by ramp-up of new facility and increased capacity utilization, with highest ever performance anticipated over next eight quarters (Page 15).
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 103.9 with a market cap of ₹7,945 Cr. Investors should review the full earnings analysis for detailed insights.
Is KRN Heat Exchanger and Refrigeration Ltd planning capital expenditure?
Existing major CAPEX is completed, including building, land, and utilities; facility is ready for utilization (Page 14). - Slight additional investment planned for line balancing and adapting existing facility for new geometry, especially to support data center products (Page 14). - Planned CAPEX over next two years estimated at approximately Rs.
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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.