Shree Refrigerations H1 revenue jumped 85% to ₹93.17 crore, though profits fell from the previous six months due to rising costs.

The Pune-based company’s results cover the six months to September 2026. Revenue was Rs 50.39 crore a year earlier.

Net profit rose to Rs 6.89 crore from just Rs 1.57 crore. The picture looks softer against the previous six months.

Revenue was 9.7% lower than the Rs 103.16 crore booked in the second half of FY26, and profit dropped about 65% from Rs 19.96 crore.

Costs explain much of the gap. Spending on raw materials rose to Rs 64.60 crore from Rs 51.14 crore, and staff costs climbed to Rs 14.92 crore from Rs 11.60 crore.

The firm builds cooling and air-conditioning systems for warships and other demanding uses.

Its unfilled order book stood at Rs 198.9 crore on 30 September, about 1.3 times its FY26 revenue of Rs 153.5 crore.

That gives it work lined up for the months ahead. Orders from the Indian Navy keep arriving.

The latest came on 8 October, when the company said the Navy’s Controller Procurement, Material Organisation had placed an order worth Rs 7.86 crore, excluding GST, for two advanced air-conditioning plants.

Delivery is due in October 2027, and Navy orders over the past six weeks now add up to more than Rs 14 crore.

On the factory side, Shree Refrigerations opened a second manufacturing unit in Karad on 20 June.

It covers about 50,000 sq ft, with room to grow to 100,000 sq ft, and adds laser cutting, paint booths and shot blasting machines.

The company is also looking beyond defence. It wants to build cooling systems for data centres, where racks of computer equipment give off a lot of heat.

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