KRN Heat Exchanger and Refrigeration Limited has achieved a significant milestone, surpassing Rs 100 crore in standalone revenue for the second quarter of FY25, reflecting impressive year-on-year growth and a continued strong market demand for its specialized heat exchanger solutions.
Financial Performance Overview
In a statement, Santosh Kumar, Chairman and Managing Director of KRN Heat Exchanger, expressed satisfaction with the company’s financial results for the first half of FY25. He highlighted the company’s remarkable EBITDA growth, which he credited to operational efficiencies and a steadfast commitment to financial resilience.
“Our strong financial performance in the first half and Q2 of FY25 underscores our ongoing business growth,” Kumar said. “We are particularly pleased to have crossed the Rs 100 crore revenue mark, a clear reflection of both our operational excellence and the increasing demand for our products in the heat exchanger and refrigeration sectors.”
Market Confidence and Growth Prospects
The company’s recent listing on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in October 2024 marks a pivotal step in its strategic expansion. The listing is seen as a vote of confidence from investors, which is expected to fuel future growth opportunities and improve KRN’s ability to effectively serve both domestic and global markets.
“We are encouraged by the market’s positive response to our listing,” Kumar added. “This public presence is a significant boost for our company, providing us with the resources needed to accelerate our global expansion plans and enhance our service capabilities.”
Looking Ahead
Looking forward, KRN Heat Exchanger remains committed to sustaining its growth momentum. The company plans to continue focusing on operational improvements and expanding its product offerings to capitalize on the growing demand in both domestic and international markets. Kumar also took a moment to express gratitude to the company’s employees and customers, acknowledging their role in the company’s success.
“As we continue on this growth trajectory, we are optimistic about the opportunities that lie ahead,” said Kumar. “With robust financial results and promising expansion prospects, we are excited about what the future holds.”
With its solid financial standing and strategic investments in innovation and market presence, KRN Heat Exchanger is poised for continued success as it strengthens its position in the heat exchanger and refrigeration industry.
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