KRN Heat Exchanger FY26 Revenue Up 38% to ₹600 Cr

KRN reported strong FY26 consolidated results with revenue up 38% to ₹600.06 Cr and EBITDA surging 60% to ₹112.48 Cr.
The company inaugurated Plant II in May 2025, a ₹350 Cr project with 6x capacity of existing facility, targeting peak revenue of ₹2,250-2,850 Cr.
Exports grew to ~17% of revenue (~₹99 Cr) across 14 countries, with a target to reach 30-50% of revenue mix in the medium term.
Management outlined FY27 catalysts including Plant II scaling to ~50% utilization, Bus AC ramp to ~₹160 Cr, and expected PLI/RIPS incentives.