Now Reading: KRN Heat Exchanger shares hit upper circuit after Q1 profit jumps 165%
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KRN Heat Exchanger shares hit upper circuit after Q1 profit jumps 165%
KRN Heat Exchanger shares hit upper circuit after Q1 profit jumps 165%
Shares of KRN Heat Exchanger and Refrigeration hit a 5% upper circuit at Rs 1,398.80 on the BSE on Thursday after the company reported a 164.8% year-on-year jump in net profit for…
The Story in Brief
Shares of KRN Heat Exchanger and Refrigeration hit a 5% upper circuit at Rs 1,398.80 on the BSE on Thursday after the company reported a 164.8% year-on-year jump in net profit for the June quarter. Revenue from operations more than doubled to Rs 252.32 crore from Rs 115.28 crore a year ago, driven by strong demand in both domestic and export markets. Domestic revenue rose 107% to Rs 199.94 crore, while overseas revenue nearly tripled to Rs 52.38 crore. The United States was the largest export market, contributing Rs 17.07 crore.
The company fully utilised IPO proceeds of Rs 311.12 crore for its subsidiary's new facility in Neemrana. It also completed a QIP in June 2026, raising Rs 341.79 crore, of which Rs 30 crore was used for debt repayment and Rs 235.26 crore invested in the subsidiary for working capital.
The Indian Opinion
The headline of crashing profits and then roaring back is a tired script that ignores the underlying shift in how money works. Everyone wants to cheer a single quarter's jump, but what matters is whether this growth is built on a solid foundation or just a sugar rush. The real test will be the stability of their expanded order book after this QIP-funded capacity boost, not just one shiny number.
Source: economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
