KRN Heat Exchanger and Refrigeration LimitedQ1 FY27 Results & Financial Update
KRN Heat Exchanger and Refrigeration Limited: Q1 FY27 consolidated results and company financials – revenue ₹252.32 Cr, PAT ₹32.90 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore KRN Heat Exchanger and Refrigeration Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
KRN Heat Exchanger and Refrigeration Limited posted consolidated revenue from operations of INR 252.32 crore for the quarter ended June 30, 2026 (Q1 FY27), reflecting steady commercial activity across its core heat exchanger lines.
Total income for the period stood at INR 255.09 crore, supported by other income of INR 2.78 crore, highlighting stable ancillary cash inflows during the quarter.
Profit before tax (PBT) for Q1 FY27 reached INR 42.33 crore, after accounting for finance costs of INR 3.04 crore and depreciation and amortization expenses of INR 6.47 crore.
The company reported a consolidated net profit (PAT) of INR 32.89 crore for the quarter, yielding a profit-after-tax margin of approximately 13.04 percent against total revenue.
Tax expenses for the quarter amounted to INR 9.44 crore, reflecting standard statutory provisions applicable to the current period's taxable income.
Basic earnings per share (EPS) for the quarter stood at INR 5.20, based on the consolidated earnings reported in the official exchange filing.
Operational performance reflects ongoing execution on customer orders within the heating, ventilation, air conditioning, and refrigeration (HVAC&R) manufacturing ecosystem.
01 · Business model
What does KRN Heat Exchanger and Refrigeration do?
KRN Heat Exchanger and Refrigeration Limited specializes in the design, manufacturing, and supply of fin and tube type heat exchangers and refrigeration coils, serving major original equipment manufacturers (OEMs) in the domestic and international HVAC&R sector.
The company's core product portfolio encompasses evaporator coils, condenser coils, fluid coolers, and header assemblies tailored for air conditioning systems, commercial refrigeration equipment, and industrial cooling applications.
Manufacturing operations are anchored by specialized production facilities equipped to handle various tube diameters, fin geometries, and metallurgical specifications, allowing the company to serve diverse customer requirements across residential, commercial, and industrial segments.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹252.32 Cr |
| Total income | ₹255.09 Cr |
| Profit before tax | ₹42.33 Cr |
| Profit after tax | ₹32.90 Cr |
| EPS | ₹0.00 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 13.0% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 16.8% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹2.78 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Generated INR 252.32 crore in revenue from operations through the supply of fin and tube heat exchangers and refrigeration components to OEM clients.
Contributed INR 2.78 crore to total income during the quarter, bolstering overall top-line performance.
Revenue from operations reached INR 252.32 crore in Q1 FY27, driven by primary sales of fin and tube heat exchangers and refrigeration coils to OEM customers.
Non-operating streams added INR 2.78 crore, lifting total consolidated income to INR 255.09 crore for the quarter.
What drove margins
Finance costs stood at INR 3.04 crore for the quarter, reflecting the company's capital structure and working capital utilization.
Depreciation and amortization expenses were recorded at INR 6.47 crore, reflecting the wear and tear and amortization of productive fixed assets.
Tax charges of INR 9.44 crore were incurred during the quarter, impacting the conversion of PBT to net profit.
Depreciation charges of INR 6.47 crore reflect the utilization of plant, machinery, and production infrastructure.
Financing expenses stood at INR 3.04 crore, reflecting the servicing of debt obligations during the quarter.
Income tax provisioning totaled INR 9.44 crore against a pre-tax profit of INR 42.33 crore, resulting in an effective tax outgo that shaped the final net margin of 13.04 percent.
04 · Reported developments
What changed operationally
Reported a consolidated net profit of INR 32.89 crore on revenues of INR 252.32 crore, demonstrating healthy operating margins.
The company maintained a healthy net profit of INR 32.90 crore on revenues of INR 252.32 crore during Q1 FY27.
05 · Beyond the numbers
What changed beyond the numbers
Reported update
Statutory Filing Compliance
Financial results for Q1 FY27 were filed in compliance with SEBI listing regulations, maintaining transparent reporting standards.
06 · Key Q&A
The quarter, answered directly
What does KRN Heat Exchanger and Refrigeration do?
KRN Heat Exchanger and Refrigeration Limited specializes in the design, manufacturing, and supply of fin and tube type heat exchangers and refrigeration coils, serving major original equipment manufacturers (OEMs) in the domestic and international HVAC&R sector.
What is the clearest takeaway from Q1 FY27?
KRN Heat Exchanger and Refrigeration Limited posted consolidated revenue from operations of INR 252.32 crore for the quarter ended June 30, 2026 (Q1 FY27), reflecting steady commercial activity across its core heat exchanger lines.
What drove revenue or demand?
Generated INR 252.32 crore in revenue from operations through the supply of fin and tube heat exchangers and refrigeration components to OEM clients.
What mattered most for margins or profitability?
Finance costs stood at INR 3.04 crore for the quarter, reflecting the company's capital structure and working capital utilization.
What changed operationally beyond the headline numbers?
Financial results for Q1 FY27 were filed in compliance with SEBI listing regulations, maintaining transparent reporting standards.
What should the next disclosure help confirm?
Monitor upcoming quarterly filings for sequential growth patterns and margin trajectories.
07 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
08 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsequent Financial Disclosures: Monitor upcoming quarterly filings for sequential growth patterns and margin trajectories.
- 02
Subsequent Quarter Performance: Monitor upcoming quarterly financial filings for revenue trajectory and margin stability in subsequent quarters of FY27.
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