KRN HEAT EXCHANGER Q2 FY27: REVENUE SURGES 110% YOY; PAT DOUBLES, DATA CENTRE COOLING & EXPORT EXPANSION DRIVE GROWTH

• Quarterly Results: Revenue surged 109.9% YoY to ₹319.14 Cr, EBITDA grew 61.1% to ₹48.75 Cr and PAT increased 100.4% to ₹36.11 Cr • Margin Performance: EBITDA margin declined to 15.27% from 19.90% YoY, despite strong revenue growth, while PAT margin stood at 11.32% • H1 Performance: Revenue surged 113.8% YoY to ₹571.45 Cr, EBITDA increased 104.4% to ₹97.81 Cr and PAT jumped 126.7% to ₹69.01 Cr • Data Centre Business: Management highlighted data centre cooling as an important growth engine, with new customers onboarded and advance orders supporting business visibility • Liquid Cooling Expansion: Developing liquid cooling products to capitalise on evolving data centre cooling technologies and growing demand • Manufacturing Expansion: Expanded manufacturing capabilities at Neemrana enable the company to undertake larger programmes and serve a wider customer base • New Capacity: Subsidiary KRN HVAC Products operates a large manufacturing facility at Neemrana, supporting business diversification and future growth • Export Expansion: Export contribution reached 22.01% of H1 FY27 revenue, compared with 16.57% in FY26 • International Growth: Strong demand from North America and Europe, with the US contributing 43.75% of H1 export revenue, followed by Canada at 12.82% • Bus AC Business: Commenced supplies to an OEM and continues adding customers, creating new growth opportunities in conventional and electric bus air conditioning • Product Diversification: Expanding across complete HVAC systems, refrigeration components, industrial cooling, railway applications and heat exchangers • Future Growth Plans: Targeting opportunities across data centres, infrastructure, mobility and industrial cooling, supported by rising HVAC and refrigeration demand • Customer Expansion: More customers undergoing qualification as the company expands its product range and strengthens domestic and international relationships • Capex & Capacity Plans: Focused on utilising expanded Neemrana manufacturing infrastructure and scaling operations; no fresh quantified FY27 capex guidance disclosed • FY27 Guidance: Management remains optimistic about continued growth but has not provided specific FY27 revenue growth or EBITDA margin targets

KRN HEAT EXCHANGE N REF L

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