Pursuant to the applicable provisions of SEBI(Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Requirements), we hereby submit the business Update of M/s Shree ....
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Shree Refrigerations Ltd reported its Q3 and nine-month business update for FY26. Q3 FY26 revenue came in at INR 501.6 million, almost matching the entire first-half revenue of INR 503.9 million, showing accelerated execution in the third quarter. Cumulative 9-month revenue reached INR 1,005.5 million, surpassing the full-year FY25 revenue of INR 987.3 million in just three quarters — a clear operational milestone. The closing order book stood strong at INR 2,909.8 million as of December 31, 2025, giving the company nearly three years of revenue visibility at current run-rate. Revenue mix is dominated by HVAC systems (61%), followed by AC Plant (19%), with the company highlighting continued demand from India's defence sector driven by indigenisation and modernisation programs.
Crossing last year's full-year revenue in just 9 months, coupled with a robust INR 2,909.8 million order book, signals strong growth momentum and revenue visibility for shareholders. Defence-sector exposure provides a structural tailwind, though investors should note reliance on government/defence spending cycles.