Intimation relating to Press Release titled " Shree Refrigerations Limited - Reports Strong H2 & FY 26 Performance" pertaining to the financial results for the half year and year ended March 31, 2026
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Shree Refrigerations Limited, a defense-oriented HVAC manufacturer, reported exceptional H2FY26 and FY26 results driven by strategic investments in execution capabilities made during H1FY26. For FY26, revenue grew 55.5% to Rs 1,535.5 Mn, while H2FY26 saw accelerated growth exceeding 100% on both YoY and HoH basis. EBITDA improved to Rs 328.2 Mn for FY26 (up 21.8%), with H2FY26 margins expanding to 26.3%. Net profit surged 64.7% to Rs 214.0 Mn for FY26, with H2FY26 net profit jumping 325.5% YoY. The company significantly improved its working capital cycle from ~570 days to ~370 days. As of March 31, 2026, the unexecuted order book stood at Rs 2,707.7 Mn, approximately 1.8x FY26 revenue, with HVAC orders comprising 59% of the mix.
Shareholders can expect continued growth momentum as the company benefits from a healthy order book, improved execution capabilities, and better working capital management. The strong H2FY26 performance demonstrates the ROI from strategic investments, positioning the company well for scalable growth in defense and emerging segments like data centres.