Latest news with #KRNHeatExchangerandRefrigerationLimited
Business Upturn
15-05-2025
- Business
- Business Upturn
KRN Heat Exchanger's subsidiary secures Rs 141.72 crore under PLI scheme for white goods
By Aditya Bhagchandani Published on May 15, 2025, 12:56 IST KRN Heat Exchanger and Refrigeration Limited announced on May 15, 2025, that its wholly owned subsidiary, KRN HVAC Products Private Limited, has received official approval under the Production Linked Incentive (PLI) Scheme for white goods. The incentive sanctioned under the scheme amounts to ₹141.72 crore. The PLI approval comes under the scheme notified by the Government of India to promote domestic manufacturing of Air Conditioners and LED products, with the goal of turning India into a global manufacturing hub under the 'Make in India' initiative. The application for this scheme was made to IFCI Limited, a government of India undertaking, and has now been formally approved. This incentive is expected to boost the company's manufacturing capabilities and contribute significantly to the growth of its white goods segment. This development marks a strategic milestone for KRN Heat Exchanger as it aligns its business expansion with government-backed policy support for indigenous manufacturing in the HVAC space. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
12-05-2025
- Business
- Business Upturn
KRN Heat Exchanger Q4 results: Revenue up 60.4% to Rs 131.50 crore, Net profit rises 23.4% YoY
By Aditya Bhagchandani Published on May 12, 2025, 14:42 IST KRN Heat Exchanger and Refrigeration Limited reported its financial results for the fourth quarter ended March 31, 2025, showing robust year-on-year growth across key financial metrics. The company posted a revenue from operations of Rs 131.50 crore in Q4 FY25, up 60.4% from Rs 82.00 crore in the same quarter last year. Total income also saw a healthy rise of 62.3%, reaching Rs 135.83 crore compared to Rs 83.69 crore in Q4 FY24. Key Highlights: Revenue from operations: Rs 131.50 crore, up 60.4% YoY Total income: Rs 135.83 crore, up 62.3% YoY Net profit: Rs 14.87 crore, up 23.4% YoY Net profit jumped 23.4% to Rs 14.87 crore in the March 2025 quarter, compared to Rs 12.05 crore a year ago, indicating strong operational performance and cost management. This growth reflects the company's strengthening position in the industrial cooling and heat exchange equipment segment Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
