KRN Heat Exchanger And Refrigeration Ltd (KRN) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management upgraded FY27 export revenue guidance from INR 200 crores to INR 250 crores and projects a further 60-80% growth in FY28.
- The data center business is a key growth engine, with Q2 revenue hitting INR 116 crores, and the company is developing brazed plate heat exchangers for liquid cooling.
- The company expects to achieve 80% capacity utilization at its new facility in FY28 and is planning a new plant in Bangalore to support future growth.
Performance Overview
- KRN Heat Exchanger And Refrigeration Ltd reported strong, broad-based growth in H1 FY27, driven by new customers, an expanded product range, and increased overseas business.
- The new facility at Neemrana is ramping up, qualifying more customers and products, with further room for utilization improvement.
- Exports nearly tripled in H1 FY27, now accounting for 22% of total revenue, with the United States emerging as the largest export market.
- The data center segment has become a significant growth driver, with cooling requirements rising and customers placing orders well in advance.
- The company has made steady progress in the bus air conditioning segment, securing an OEM and multiple bodybuilders as customers.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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