Ice Make Refrigeration Limited — Important, 10-02-2025: Updates

Ice Make Refrigeration Limited reported a notable revenue growth of 34% year-on-year for Q3 FY25, reaching ₹110.56 Cr. Total income also rose to ₹110.77 Cr, driven by strong market demand and enhanced operational efficiencies. EBITDA increased by 56% to ₹6.89 Cr, while profit before tax stood at ₹3.59 Cr, a 33% rise. Net profit improved by 39% to ₹2.81 Cr, reflecting an EPS of ₹1.82 compared to ₹1.28 in Q3 FY24. For the nine months ending December 2024, revenue from operations increased by 25% to ₹299.17 Cr, although net profit saw a slight dip of 5% due to rising costs.

The company aims to capitalize on emerging opportunities in the refrigeration industry, with a target of achieving ₹500 Cr in revenue for the current financial year and ₹1,000 Cr by FY 2027-28. Management highlighted their commitment to operational excellence and innovation to enhance profitability and market presence. The outlook remains optimistic, with sustained demand for advanced cooling solutions anticipated in both domestic and international markets.