Shree Refrigerations Ltd — earnings calls

Shree Refrigerations reported FY26 revenue growth of over 50% and PAT growth of 64% year-on-year, with EPS up 28% despite equity dilution from the IPO. Management attributed a sharp H2 acceleration to completion of design approvals and type testing in H1, with second-half EBITDA margin reaching 26.3% versus 11% in H1. The company closed the year with an order book of Rs 270 crore, equivalent to 1.8 times FY26 revenue, and reported working capital days reduced from 570 to 370.