KRN Heat Exchanger and Refrigeration delivered exceptional financial results for the quarter ended March 2026, with consolidated net profit surging 57.09% to ₹23.36 crore compared to ₹14.87 crore in the corresponding quarter of the previous year. According to reports from Business Standard, the company's sales revenue increased 36.49% to ₹179.48 crore during the March 2026 quarter, up from ₹131.50 crore in March 2025. The company's operating profit margin (OPM) stood at 18.69% for the quarter, compared to 18.74% in the same period last year. The latest quarter also showed sequential growth with revenue increasing 17.1% from ₹153.23 crore in Q3 FY26 and net profit rising 3.1% from ₹22.66 crore in the preceding quarter.
For the full financial year ended March 2026, KRN Heat Exchanger and Refrigeration demonstrated robust growth across key financial parameters. As reported by Business Standard, annual net profit increased 44.61% to ₹76.47 crore compared to ₹52.88 crore in the previous financial year. The company's annual sales revenue grew 39.60% to ₹600.06 crore during FY2026, up from ₹429.85 crore in FY2025. The annual operating profit margin (OPM) was 18.74% for the full year, compared to 16.40% in the previous year. Earnings per share for FY26 improved to ₹12.30 from ₹9.75 in the previous fiscal year, reflecting the company's strong profitability growth.
The company's total expenses during Q4 FY26 climbed to ₹154.55 crore from ₹114.71 crore in Q4 FY25 and ₹129.62 crore in Q3 FY26, primarily due to higher raw material consumption and employee-related costs. Cost of materials consumed increased to ₹57 crore in Q4 FY26 compared with ₹51.56 crore a year earlier, while purchase of stock-in-trade rose sharply to ₹80.48 crore from ₹27.09 crore in Q3 FY26. Employee benefit expenses stood at ₹13.50 crore against ₹11.14 crore in Q3 FY26, while finance costs rose to ₹2.64 crore from ₹1.70 crore sequentially. Depreciation and amortisation expenses increased to ₹5.97 crore during the quarter.
The company successfully utilized IPO proceeds of ₹311.12 crore during FY26, including investments toward a new manufacturing facility at Neemrana, Rajasthan through its wholly owned subsidiary. KRN Heat Exchanger manufactures fin and tube type heat exchangers used in the HVAC&R industry, with exports contributing significantly to revenue. The company's profit before tax came in at ₹26.85 crore compared with ₹21.12 crore in Q4 FY25 and ₹25.87 crore in Q3 FY26, while earnings per share for the quarter improved to ₹3.75 from ₹2.39 in the corresponding period last year.
