Integrated Filing — IndAS

General information about company
Scrip Code	544263
NSE Symbol	KRN
MSEI Symbol	NOTLISTED
ISIN	INE0Q3J01015
Name of company	KRN Heat Exchanger And Refrigeration Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	12-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	05-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	12-May-2025   13:00:00
End date and time of board meeting	12-May-2025   14:15:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2024-09-28
Indicate Company website link for updated RPT policy of the Company	https://krnheatexchanger.com/wp-content/uploads/2024/05/Related-Party-Transaction-Policy.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	Yes
No. of times funds raised during the quarter	1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	Yes

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	1308429000	4311897000
	Other income	13202000	72767000
	Total income	1321631000	4384664000
2	Expenses
(a)	Cost of materials consumed	1005946000	3228475000
(b)	Purchases of stock-in-trade	-28232000	-2072000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	61675000	190571000
(e)	Finance costs	9108000	33895000
(f)	Depreciation, depletion and amortisation expense	9042000	36544000
(f)	Other Expenses
1	Other Expenses	66565000	184828000
	Total other expenses	66565000	184828000
	Total expenses	1124104000	3672241000
3	Total profit before exceptional items and tax	197527000	712423000
4	Exceptional items	0	0
5	Total profit before tax	197527000	712423000
6	Tax expense
7	Current tax	63017000	216500000
8	Deferred tax	-2990000	-5823000
9	Total tax expenses	60027000	210677000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	137500000	501746000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	137500000	501746000
17	Other comprehensive income net of taxes	-343000	-258000
18	Total Comprehensive Income for the period	137157000	501488000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	611566000	621566000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		4342850000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	2.2	9.25
	Diluted earnings (loss) per share from continuing operations	2.2	9.25
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	2.2	9.25
	Diluted earnings (loss) per share from continuing and discontinued operations	2.2	9.25
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	258068000
	Capital work-in-progress
	Investment property
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	2506661000
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets	8686000
	Total non-current financial assets	2515347000
	Deferred tax assets (net)	4687000
	Other non-current assets
	Total non-current assets	2778102000
2	Current assets
	Inventories	951971000
	Current financial asset
	Current investments	0
	Trade receivables, current	927432000
	Cash and cash equivalents	7857000
	Bank balance other than cash and cash equivalents	329395000
	Loans, current	779198000
	Other current financial assets	3481000
	Total current financial assets	2047363000
	Current tax assets (net)	118149000
	Other current assets
	Total current assets	3117483000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	5895585000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	621567000
	Other equity	4342850000
	Total equity attributable to owners of parent	4964417000
	Non controlling interest
	Total equity	4964417000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	14252000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities
	Total non-current financial liabilities	14252000
	Provisions, non-current	0
	Deferred tax liabilities (net)
	Deferred government grants, Non-current
	Other non-current liabilities	9185000
	Total non-current liabilities	23437000
	Current liabilities
	Current financial liabilities
	Borrowings, current	320421000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	459107000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	67604000
	Total Trade payable	526711000
	Other current financial liabilities
	Total current financial liabilities	847132000
	Other current liabilities	31451000
	Provisions, current	16271000
	Current tax liabilities (Net)	12877000
	Deferred government grants, Current
	Total current liabilities	907731000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	931168000
	Total equity and liabilites	5895585000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	India	1079624000	3637387000
2	Overseas	228805000	674510000
	Total Segment Revenue	1308429000	4311897000
	Less: Inter segment revenue
	Revenue from operations	1308429000	4311897000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	India	206635000	746318000
2	Overseas	0	0
	Total Profit before tax	206635000	746318000
	i. Finance cost	9108000	9108000
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax	197527000	712423000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	India	699982000	699982000
2	Overseas	233085000	233085000
	Total Segment Asset	933067000	933067000
	Un-allocable Assets	0	0
	Net Segment Asset	933067000	933067000
4	Segment Liabilities
	Segment Liabilities
1	India	202756000	202756000
2	Overseas	323955000	323955000
	Total Segment Liabilities	526711000	526711000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	526711000	526711000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of Invsetments	-484000	-364000
	Total Amount of items that will not be reclassified to profit and loss	-484000	-364000
2	Income tax relating to items that will not be reclassified to profit or loss	-141000	-106000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-343000	-258000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			712423000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			33895000
	Adjustments for decrease (increase) in inventories			-107900000
	Adjustments for decrease (increase) in trade receivables, current			-403811000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-51904000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			-364000
	Adjustments for other financial assets, current			-27090000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			168125000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			4483000
	Adjustments for increase (decrease) in other non-current liabilities			6000
	Adjustments for depreciation and amortisation expense			36544000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			2415000
	Adjustments for other financial liabilities, current			21462000
	Adjustments for other financial liabilities, non-current			-2154000
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			0
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			12963000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-313330000
	Net cash flows from (used in) operations			399093000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			399093000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			319000
	Purchase of property, plant and equipment			20299000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			274076000
	Cash receipts from repayment of advances and loans made to other parties			-33000
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			27090000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-2456666000
	Net cash flows from (used in) investing activities	-2723665000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			3142169000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			-65417000
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			-33895000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-604753000
	Net cash flows from (used in) financing activities			2636728000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			312156000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			312156000
	Cash and cash equivalents cash flow statement at beginning of period			0
	Cash and cash equivalents cash flow statement at end of period			312156000

Signatory Details
Name of signatory	Sonu Gupta
Designation of person	Chief Financial Officer
Place	Neemrana
Date	12-May-2025