KRN Heat Exchanger & Refrigeration Ltd’s stock price saw a substantial increase this week, closing at ₹588.05 on Friday, marking a 30.84% rise from Monday’s close of ₹450.25. This impressive gain added approximately ₹1,119 crore to the company’s market capitalization, reflecting strong investor confidence in the wake of its robust Q2 FY25 financial results.
KRN Heat Exchanger, a leading manufacturer in the HVAC&R industry, reported standalone revenues exceeding ₹100 crore for the recent quarter. Known for its expertise in aluminium and copper heat exchangers, the company experienced a 39% year-on-year revenue increase, driven by growing domestic and international demand.
For Q2 FY25, the company’s consolidated revenue growth stood at 28.41%, while net profit surged by 43% year-on-year, reaching ₹12.37 crore compared to ₹8.65 crore in the same period last year. The EBITDA margin also improved by 124 basis points, now standing at 21.34%, showcasing the company’s focus on operational efficiency.
A breakdown of KRN Heat Exchanger’s revenue by geography shows that domestic sales contributed 80.89% (₹73.69 crore), while international sales accounted for 19.11% (₹17.40 crore), highlighting balanced growth across both markets.
