KRN Heat Exchanger and Refrigeration · forward-looking guidance across the available source record.
Guidance tracker
The newly built HVAC facility is in ramp-up stage with formal inauguration on March 11. Management maintains its guidance of reaching 20% capacity utilization in the current fiscal year and 50% next fiscal year, with near-full utilization thereafter.
Currently contributing 15% of topline (up from 7% last year), management expects data center to command 50% of India's total heat exchanger orders within 3-4 years, supported by new facility infrastructure and lab testing capabilities.
With the ₹1,000 crore bus air conditioning market growing 20-25% annually, management targets 15% market share of total India topline from bus AC next year, with gross margins exceeding 20% due to backward integration.
Management expects to achieve 50% utilization of the new facility in FY27, up from ~15% in FY26, and 80% in FY28.
Management plans to double export revenue compared to FY26, backed by an opening order book of ₹120 crore.
Management targets ₹150 crore revenue from bus AC in FY27, aiming for 15% market share with 23 OEMs onboarded.
Management expects to receive 5% PLI incentive on heat exchanger production in FY27, along with state RIPS approval providing 1.56% of top line for 10 years.