KRN Heat Exchanger Q2 FY27 Revenue Doubles to ₹319 Crore

Q2 FY27 results announced

KRN Heat Exchanger and Refrigeration Ltd announced unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors considered and approved the results at its meeting held on October 29, 2026. The disclosure includes both standalone and consolidated financial statements. Signed copies of the results and the statutory auditors' limited review reports were submitted by the company. The documents are also available on KRN Heat Exchanger's website.

Consolidated revenue rises sharply

Consolidated revenue from operations for the September 2026 quarter stood at ₹319.14 crore. This compares with ₹152.07 crore in the corresponding quarter of the preceding year, resulting in year-on-year growth of 109.9%. The reported figure is broadly consistent with the ₹320 crore quarterly revenue cited in the available market snapshot. The scale-up in revenue was attributed in the supplied information to demand across heat exchanger and HVAC component segments.

Quarterly profit more than doubles

Consolidated net profit attributable to owners of the company was ₹36.11 crore in Q2 FY27. This was 100.3% higher than the ₹18.03 crore reported in the corresponding quarter of the previous year. Consolidated profit before tax for the quarter was ₹45.86 crore. Revenue growth and the increase in net profit indicate that earnings expanded alongside the higher top line during the reported period.

Half-year consolidated performance

For the half-year ended September 30, 2026, KRN Heat Exchanger reported consolidated revenue from operations of ₹571.45 crore. Consolidated profit before tax for the six-month period was ₹88.19 crore. Consolidated net profit attributable to owners stood at ₹69.01 crore. These figures combine the June and September 2026 quarters and provide the company's reported financial position for the first half of FY27.

Standalone numbers disclosed

On a standalone basis, revenue from operations for the half-year ended September 30, 2026 was ₹349.04 crore. Standalone profit before tax for the half-year was ₹45.89 crore. For the September 2026 quarter, standalone revenue from operations was ₹167.07 crore. Standalone profit before tax for the quarter was ₹20.85 crore. The company released these numbers alongside its consolidated results and the limited review reports.

Key reported financial data

Comparison with earlier quarterly data

Earlier reported quarterly data showed KRN Heat Exchanger's revenue at ₹252.32 crore in June 2026, ₹179.48 crore in March 2026, and ₹153.23 crore in December 2025. The same quarterly series reported profit after tax of ₹32.90 crore in June 2026, ₹23.36 crore in March 2026, and ₹22.27 crore in December 2025. Those figures were presented in the source as quarterly financial data, while the October 29 announcement provides the company's unaudited consolidated and standalone results for the September quarter. Investors should distinguish between the reported bases when comparing the figures.

Q1 FY27 provides recent context

The supplied data for the June 2026 quarter showed revenue of about ₹252 crore, EBITDA of ₹51.84 crore, and profit after tax of ₹32.90 crore. It also reported earnings per share of ₹15.60 for that quarter. A separate earnings summary stated that first-quarter FY27 revenue was ₹255 crore, net income was ₹32.90 crore, and EPS was ₹5.20. The differing presentation of EPS and revenue values across the supplied sources underlines the importance of referring to the company's filed results and accompanying notes for like-for-like comparisons.

Trading window and board process

KRN Heat Exchanger had intimated that its board would meet on October 29, 2026 to approve Q2 and H1 FY27 unaudited results. The company also stated that its trading window would remain closed from October 1, 2026 until 48 hours after the declaration of results. The board meeting subsequently approved the financial statements. This sequence follows the company's stated process for releasing quarterly financial information.

What the results mean for investors

The key reported development is the more than doubling of consolidated quarterly revenue and net profit from the year-ago period. Revenue rose by ₹167.07 crore year-on-year, while net profit increased by about ₹18.08 crore. The results also place first-half consolidated revenue at ₹571.45 crore and first-half consolidated net profit at ₹69.01 crore. The company has made the signed unaudited results and limited review reports available for investors seeking the detailed statements, notes, and auditor observations.

Outlook based on disclosed information

KRN Heat Exchanger has completed the announced approval process for its September 2026 quarter and half-year financial results. The immediate reported milestones are the release of the unaudited standalone and consolidated statements and the associated limited review reports. Future performance disclosures will provide the next official basis for assessing revenue, profitability, and operating trends. No forward financial guidance was included in the supplied information.