Shree Refrigerations544458Quarterly results

Board approves unaudited H1 FY27 standalone and consolidated results; limited review report received

Board approved the unaudited standalone and consolidated financial statements for the half year ended 30 September 2026, and the Limited Review Report of statutory auditors SSSS & Associates on them.

By ScoutQuest · Wed 28 Oct 2026, 7:49 PM IST · 2 min read

681.91 (Rs. in Lakhs)×4.61

2025147.96 (Rs. in Lakhs)2026681.91 (Rs. in Lakhs)

Profit from continuing operations, standalone, half year ended 30-09: 147.96 (Rs. in Lakhs) (2025) and 681.91 (Rs. in Lakhs) (2026).

Revenue from operations (H1 FY27, Rs. Lakhs): 9,316.84 (vs 5,039.19 in same half previous year)
Profit from continuing operations (Rs. Lakhs): 681.91 (vs 147.96 in same half previous year)
Basic EPS: 1.91

Board meeting takeaways

The board met on 28 October 2026 and approved the unaudited standalone and consolidated financial statements for the half year ended 30 September 2026, along with the Limited Review Report of the statutory auditors, SSSS & Associates, on those statements. The figures discussed here are from the standalone results.

Standalone performance for the half year

Revenue from operations was 9,316.84 (Rs. in Lakhs) for the half year ended 30 September 2026, against 5,039.19 (Rs. in Lakhs) in the same half of the previous year.
Profit for the period from continuing operations was 681.91 (Rs. in Lakhs), against 147.96 (Rs. in Lakhs) in the same half of the previous year.
Basic earnings per share was 1.91, on shares of nominal value of Rs. 2/- each.

Two accounting points inside these numbers

Labour Codes: the company recognised an additional gratuity liability of Rs. 43.76 Lakhs as past service cost under Employee Benefit Expenses. The Central Government has notified the Rules under the Labour Codes; the applicable State Rules in Maharashtra are at the draft stage, and the company will evaluate and account for the impact when they are notified.
Depreciation: the method was changed from the written down value (WDV) method to the straight-line method (SLM) with effect from 1 April 2026, treated as a change in accounting estimate. Because of this change, depreciation for the period ended 30 September 2026 is lower by Rs. 51.45 Lakhs than it would have been under the earlier method.

A new wholly owned subsidiary

Aquilon Limited was incorporated on 15 October 2026 as a wholly owned subsidiary, with an authorised capital of ₹5 Crore, to carry on the business of manufacturing and dealing in industrial subzero temperature chillers and services. The company states this event has no impact on the financial results for the half year ended 30 September 2026.

Auditor's conclusion

The limited review report states that nothing has come to the auditors' attention that causes them to believe the statement of unaudited financial results is not prepared in accordance with the applicable accounting standards and disclosure requirements, or that it contains any material misstatement. This is a limited review, which gives less assurance than a full audit.

What a reader can take away

This is the company's half-yearly results announcement. It combines the board's approval, the auditor's limited review conclusion and the notes explaining items that sit inside the reported profit - a change in the depreciation method and an additional gratuity liability. Revenue from operations, profit from continuing operations and earnings per share are each shown for the half year, with the same half of the previous year placed alongside for comparison.

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