KRN Heat Exchanger and Refrigeration

KRN delivered a strong Q4 FY26 with consolidated revenue of ₹181.4 croreCurrent reported value: ₹181.4 crore. No comparable prior figure is available in the source record. (+33.5Current reported value: 33.5. No comparable prior figure is available in the source record.% YoY), EBITDA of ₹33.55 croreCurrent reported value: ₹33.55 crore. No comparable prior figure is available in the source record. (+77.6% YoY), and PAT of ₹23.36 croreCurrent reported value: ₹23.36 crore. No comparable prior figure is available in the source record. (+57.1Current reported value: 57.1. No comparable prior figure is available in the source record.% YoY). Growth was driven by robust demand across data centers, bus AC, and exports, with the new HVAC facility ramping up. Management guided for 50% capacity utilizationCurrent 50% capacity utilization. Reported change: +35pp YoY. in FY27 and 80% in FY28Current reported value: 80% in FY28. No comparable prior figure is available in the source record., supported by PLI benefits and state subsidies. Export order book stands at ₹120 croreCurrent ₹120 crore. Reported change: +20% YoY., with plans to double exports this year. Risks include elevated inventory due to geopolitical disruptions and BIS compliance, though management expects normalization over 6 months.