India · Delayed Price · Currency is INR KRN Heat Exchanger and Refrigeration Earnings Call Transcripts
Fiscal Year 2027
-
H1 FY27 revenue rose 114% YoY, with exports and data-center demand driving growth. Near-term margins face freight and material-cost pressure, while capacity ramp-up and new product markets underpin the outlook.
-
Consolidated revenue rose 118.87% YoY to INR 252.32 crore, with EBITDA margin improving to 19.44%. FY27 export target is ~INR 200 crore; capacity and product expansion support the unchanged FY28 revenue target.
Fiscal Year 2026
-
FY26 revenue and profit grew strongly, while facility ramp-up, data-center demand and exports support the outlook. Working-capital needs, BIS-related supply constraints and shipment delays remain key watchpoints.
-
Q3 consolidated income grew 33% YoY, with EBITDA nearly doubling and net profit up 65%. New-facility ramp-up, bus-AC expansion and data-center demand are central to the growth outlook.
-
Consolidated Q1 FY26 income was INR 118.86 crore, with EBITDA of INR 17.59 crore and net profit of INR 12.42 crore. Neemrana ramp-up is expected from Q3, while exports and incentives are key drivers of next-year margin improvement.
Fiscal Year 2025
-
FY25 consolidated revenue rose 40.79% and net profit 34.25%. Railway approvals, INR 141.72 crore of PLI support, export expansion, and new-facility ramp-up underpin the outlook, while start-up costs and material constraints pose near-term risks.
-
Q3 revenue rose 73.67% YoY and net profit 74.44%, while staffing and input costs pressured margins. A INR 300 crore-plus expansion targets 5–6x capacity, with sampling in April 2025 and full ramp-up over the coming years.