Neemrana, Rajasthan, January 28, 2025 – KRN Heat Exchanger and Refrigeration Limited (NSE: KRN, BSE: 544263) has reported a 74.4% year-on-year (YoY) increase in net profit for Q3 FY25, driven by strong demand for energy-efficient HVAC&R solutions. The company also announced an investment of ₹235.76 crore in its subsidiary, KRN HVAC Products Pvt. Ltd., as part of its expansion strategy.
Key Financial Highlights – Q3 FY25 (Consolidated)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Total Income | ₹116.36 crore | ₹67.00 crore | +73.7% |
| EBITDA | ₹15.81 crore | ₹11.73 crore | +34.8% |
| Net Profit (PAT) | ₹13.73 crore | ₹7.87 crore | +74.4% |
| Earnings Per Share (EPS) | ₹2.12 | ₹1.71 | +24% |
- Total Income: ₹305.88 crore (+32.9% YoY).
- Net Profit: ₹38.01 crore (+39.0% YoY).
Standalone Financial Performance
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Total Income | ₹107.10 crore | ₹67.00 crore | +59.9% |
| EBITDA | ₹16.14 crore | ₹11.75 crore | +37.4% |
| Net Profit (PAT) | ₹12.69 crore | ₹7.88 crore | +60.9% |
| EPS | ₹1.93 | ₹1.71 | +12.9% |
Strategic Investment & Business Expansion
- Investment in Subsidiary: ₹235.76 crore via rights issue in KRN HVAC Products Pvt. Ltd., maintaining a 99.99% stake.
- Capacity Expansion: Strengthening manufacturing capabilities to meet growing global demand for energy-efficient cooling systems.
- Focus on Export Growth: Currently exporting 33% of total production, with plans to expand global market share.
Management Commentary
Santosh Kumar, Chairman & Managing Director, KRN Heat Exchanger, stated:"Our Q3 FY25 performance reflects the strength of our strategic initiatives and our commitment to delivering high-quality, energy-efficient solutions. The continued demand for customized HVAC&R products positions us well for sustained long-term growth. Our investment in KRN HVAC Products will further enhance our market leadership."
Industry Outlook & Market Positioning
- Growing demand for energy-efficient HVAC&R solutions globally.
- Increased investments in sustainable manufacturing technologies.
- Expanding presence in high-growth international markets.