Ice Make Refrigeration Limited — Investor Meet, 03-03-2026: Analysts/Institutional Investor Meet/Con. Call Updates

ICE Make Refrigeration reported a landmark 2024-25, with consolidated revenue hitting an all-time high of ₹480.42 Cr, up 26.8% YoY. EBITDA stood at ₹43.44 Cr and PAT at ₹22.90 Cr. Q4 2025 revenue was ₹180.35 Cr, EBITDA ₹21.85 Cr, and PAT ₹11.66 Cr.

The company sees robust growth in cold rooms and new segments. Its Bavla plant is operational, with a Chennai facility planned for 2025-26. Management targets ₹1,000 Cr revenue by 2027-28, driven by CapEx, automation, and potential acquisitions. Expansion and innovation in cold chain solutions are key focus areas. Sentiment is confident on future growth.