Please find attached Consolidated and Standalone Unaudited Financial Results for the Half Year ended September 30, 2025
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Shree Refrigerations Limited reported its H1 FY26 results (half year ended September 30, 2025) on a standalone and consolidated basis. Revenue from operations was largely flat at Rs. 5,039.19 lakhs versus Rs. 5,096.29 lakhs in H1 FY25, a marginal decline of about 1%. However, standalone profit after tax (PAT) fell sharply to Rs. 147.95 lakhs from Rs. 831.46 lakhs — an approximately 82% drop. Consolidated PAT stood at Rs. 156.95 lakhs versus Rs. 811.75 lakhs previously. The profit squeeze was driven by a roughly 25% jump in total expenses, with employee costs up about 71%, other expenses up 94%, and depreciation up 36%. The company recently strengthened its balance sheet through a share allotment, with reserves and surplus rising sharply and cash and equivalents climbing to Rs. 1,702 lakhs. The statutory auditor issued an unqualified review report but included an Emphasis of Matter note on the company being exempt from Ind AS compliance as an SME-listed entity.
Sharply lower profits on flat revenue signal significant cost pressure and margin compression for shareholders. However, the recent equity infusion has bolstered the balance sheet with fresh cash and reduced short-term borrowings, which may support future growth investments.