The Consolidated and Standalone Unaudited Financial Results of the Company along with the Consolidated and Standalone Limited Review Reports for the Half-year ended 30th September 2025. ....
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Shree Refrigerations Ltd's board approved unaudited financial results for the half year ended September 30, 2025. Revenue from operations stood nearly flat at Rs. 5,039.19 lakhs versus Rs. 5,096.29 lakhs in the same period last year (a marginal ~1.1% decline). However, profitability collapsed sharply — standalone profit before tax fell to Rs. 100.25 lakhs from Rs. 1,127.87 lakhs, and profit after tax dropped to Rs. 147.95 lakhs from Rs. 831.46 lakhs (an ~82% decline), with EPS at Rs. 0.48 versus Rs. 3.39. Cost pressures were significant: employee costs rose 71% (Rs. 594.31 to Rs. 1,017.02 lakhs), other expenses nearly doubled, and material costs jumped 37%. The board also approved new banking facilities from YES Bank and renewal/enhancement of credit lines from SBI MIDC Satara Branch. The statutory auditor issued an unqualified limited review report on standalone results and an unqualified report on consolidated results, with an Emphasis of Matter noting the company is on BSE's SME platform and not required to comply with Ind AS. A deviation/variation statement confirmed no deviation in use of the Rs. 9,451.25 lakh public issue proceeds raised on July 31, 2025.
Sharp earnings deterioration despite stable top-line will likely pressure the stock in the short term, as rising costs have eaten into margins. On the positive side, the recent public issue has strengthened the balance sheet (reserves up to Rs. 19,288 lakhs, cash at Rs. 1,702 lakhs) and new/enhanced bank facilities support growth capacity, but investors will closely watch whether margin pressure eases in H2.