This current IPO inventory has surged to 7.40% after inventory confirmed higher than anticipated outcomes for Q2 FY25. KRN Warmth Exchanger, which leads India’s HVAC trade with six cutting-edge product strains, from evaporator coils to sheet metallic elements, serves various industrial wants with precision-engineered thermal administration options and has delivered stellar efficiency even after IPO itemizing achieve of 118.18 %.
Share Worth Motion
The share value of KRN Warmth Exchanger and Refrigeration Restricted went up by 7.4 % to Rs. 577.30 per share on Thursday, a major rise from its earlier shut of Rs. 537.50 per share. The market capitalisation now stands at roughly Rs. 3,588 crore as of November 07, 2024.
What Occurred
KRN Warmth Exchanger and Refrigeration Restricted’s inventory value surged 7.40% following Leap in Q2 FY25 outcomes.
In line with its current submitting, within the quarter ending September 2024, KRN Warmth Exchanger and Refrigeration Restricted’s consolidated income from operations has elevated by 27.95 % YOY, from Rs. 71 crore in Q2 FY24 to Rs. 91 crore in Q2 FY25.
The corporate’s consolidated internet revenue has elevated by 42.98 %, from Rs. 8 crore in Q2 FY24 to Rs. 12 crore in Q2 FY25.
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Product Smart Income Breakup
Condenser coils dominate KRN’s income portfolio at 55.24% in FY24, adopted by evaporator coils at 37.49%. Headers and copper elements contribute 1.52%, whereas sheet metallic elements account for 0.05%. Different working income includes 5.70% of whole earnings.
Shareholding Sample
As of the November 2024 shareholding sample, KRN Warmth Exchanger and Refrigeration Restricted is primarily held by the promoter with 70.79 %, international institutional traders maintain 4.05 %, and the general public by 17.80 %.
In regards to the firm
KRN Warmth Exchanger and Refrigeration Ltd has emerged as a powerhouse in India’s HVAC manufacturing sector since its institution in 2017. Furthermore, the corporate’s state-of-the-art facility in Neemrana, Rajasthan, spans a formidable 150,000 sq. toes.
Subsequently, the corporate demonstrates outstanding progress via its various product portfolio. KRN manufactures superior warmth exchangers, evaporator models, and condenser coils, serving trade giants like Daikin and Service. Moreover, their manufacturing capability exceeds a million models yearly, utilising cutting-edge know-how for precision engineering. Moreover, the corporate’s dedication to customisation units them aside, addressing particular shopper necessities throughout numerous sectors.
KRN’s monetary trajectory exhibits promising developments. The corporate efficiently transitioned to public standing in 2023, with income projections reaching ₹308 crore for FY24. Moreover, their worldwide presence continues to increase, with exports rising from 10% to fifteen%.
Written By Fazal Ul Vahab C H
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