KRN Heat Exchanger & Refrigeration Ltd’s stock price has surged by an impressive 30.84% this week, closing at ₹588.05. The stock has shown consistent growth in the wake of its strong Q2 FY25 financial results.
KRN Heat Exchanger, a leading manufacturer in the HVAC&R industry, saw its standalone revenues exceed ₹100 crore in the recent quarter. Known for its aluminium and copper heat exchangers, the company experienced a 39% year-on-year revenue increase, driven by domestic and international demand.
For Q2 FY25, consolidated revenue growth stood at 28.41%. The company also reported a substantial year-on-year net profit increase of 43%, reaching ₹12.37 crore, up from ₹8.65 crore in the same period last year. EBITDA margins improved by 124 basis points, now standing at 21.34%.
A breakdown of KRN Heat Exchanger’s geographic revenue split for Q2 FY25 reveals that domestic sales contributed 80.89% (₹73.69 crore), while international sales contributed 19.11% (₹17.40 crore), showcasing a balanced growth across markets.
Nifty 50 Performance
Meanwhile, the Nifty 50 index has declined by 3.74% this month, reflecting broader market caution amidst KRN Heat Exchanger’s strong performance.
KRN HEAT EXCHANGE N REF L Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Fri, Nov 8 2024
|
₹577.05
|
₹588.05
|
-0.81%
|
|
Thu, Nov 7 2024
|
₹565.45
|
₹592.85
|
|
|
Wed, Nov 6 2024
|
₹455.00
|
₹537.50
|
|
|
Tue, Nov 5 2024
|
₹450.20
|
₹447.95
|
-0.51%
|
|
Mon, Nov 4 2024
|
₹466.90
|
₹450.25
|
-3.76%
|
|
Fri, Nov 1 2024
|
₹455.50
|
₹467.85
|
|
|
Thu, Oct 31 2024
|
₹458.00
|
₹451.32
|
-1.03%
|
|
Wed, Oct 30 2024
|
₹455.00
|
₹456.03
|
-0.11%
|