KRN Heat Exchanger Share Price Surge to ₹785.00, Reaching 52-Week High

KRN Heat Exchanger And Refrigeration Ltd was gaining investors’ spotlight on Tuesday. On November 19, 2024, KRN Heat Exchanger share price opened at ₹743.95, with no change from its previous close of ₹743.95. At 10:50 AM, the share price of KRN Heat Exchanger was trading at ₹774.80, up by 4.15% on the NSE. Notably, the share price touched its 52-week high on Tuesday at ₹785.00. The market cap of the company was ₹4,815.89 crore. 

Q2 and H1 FY 2025 Financial Highlights

In Q2 FY25, the company reported a total income of ₹9,254.08 lakh, marking a 28.41% increase compared to ₹7,206.75 lakh in Q2 FY24. EBITDA for the quarter stood at ₹1,955.27 lakh, up 36.38% from ₹1,435.75 lakh in the same period last year. Net profit also saw a significant rise of 42.98%, reaching ₹1,231.08 lakh, compared to ₹861.31 lakh in Q2 FY24.

For the first half (H1) of FY25, total income increased by 16.24%, totalling ₹18,951.82 lakh, up from ₹16,305.28 lakh in H1 FY24. EBITDA for H1 FY25 grew by 22.15%, reaching ₹3,844.19 lakh, compared to ₹3,155.23 lakh in H1 FY24. Net profit for H1 FY25 rose by 24.93%, amounting to ₹2,428.14 lakh, up from ₹1,948.30 lakh in the corresponding period of FY24.

About KRN Heat Exchanger and Refrigeration Limited

KRN Heat Exchanger and Refrigeration Limited (KRN) specialises in the manufacturing of fin and tube-type heat exchangers for the HVAC&R industry. The company produces a range of products, including condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils, and sheet metal components, using non-ferrous metals like copper and aluminium. 

KRN offers heat exchangers in various shapes and sizes, with tube diameters ranging from 5mm to 15.88mm, customised to meet specific client needs and industry standards. These products are essential for air conditioning, heating, ventilation, refrigeration, and process cooling applications. The company ensures product durability and resistance to corrosion through advanced nano and powder coatings. 

Renowned for its commitment to quality and innovation, KRN collaborates with leading industry names such as Daikin, Schneider Electric, and Blue Star. The company is also focused on expanding its global presence and enhancing operational efficiency. KRN went public on October 3, 2024.

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