KRN Heat Exchanger and Refrigeration Ltd (NSE:KRN)

Q2 2026 KRN Heat Exchanger and Refrigeration Ltd Earnings Call Transcript

Nov 5, 2025 / 05:30 AM GMT

Release Date Price: ₹804 (+1.48%)

Transcript

Key Points

Positve

KRN Heat Exchanger and Refrigeration Ltd (NSE:KRN) reported a strong year-on-year growth of 126% in total income for Q2 FY26.
The company's EBITDA for the quarter increased by 69%, indicating improved operational efficiency.
Net profit almost doubled, showcasing a 95% growth, reflecting strong financial performance.
The Nimrana manufacturing facility is ramping up well, contributing to efficiency gains and cost optimization.
The acquisition of the Bus Air Conditioning division is expected to expand KRN's presence in the automotive HVAC segment, adding new technological capabilities.

Negative

The company's scope in the oil and gas sector is limited due to the specific types of heat exchangers they produce.
There is a significant reliance on intercompany sales, which affects the consolidated financial figures.
The new subsidiary's capacity utilization is currently low, with only 20% utilization expected this year.
The company is yet to receive incentives from the PLI scheme and state government, which could impact future financials.
There are challenges in sourcing raw materials locally, leading to continued reliance on imports, which may affect working capital.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KRNH.NS - KRN Heat Exchanger and Refrigeration Ltd
Q2 2026 KRN Heat Exchanger and Refrigeration Ltd Earnings Call
Nov 06, 2025 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the KRM Heat Exchanger and refrigeration Q2 FY26 results conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your touchstone phone. I now hand the conference over to Ms. Heel Parik.

Thank you, and over to you, ma'am.

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Unidentified_2 [2]
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