ICE Make Refrigeration's Q1 FY 2025-26 Quarterly Results

Result Summary

• ICE Make Refrigeration Ltd reported a 20.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 30.8%.
• Its expenses for the quarter were down by 6.1% QoQ and up 40.8% YoY.
• The net profit decreased 110.3% QoQ and decreased 140.4% YoY.
• The earnings per share (EPS) of ICE Make Refrigeration Ltd declined at 0.9 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

ICE Make Refrigeration Ltd is a prominent company operating in the refrigeration industry. It primarily focuses on the manufacturing and supply of a wide array of refrigeration products. These include industrial and commercial refrigeration solutions, such as cold rooms, blast freezers, and chillers, which cater to various sectors including food processing, pharmaceuticals, dairy, and hospitality. The company is known for its emphasis on energy efficiency and innovation in refrigeration technology. Any recent major developments regarding ICE Make Refrigeration Ltd are not specified in the data provided.

Revenue

In the first quarter of FY26, ICE Make Refrigeration Ltd reported a total income of ₹111.63 crores, a decrease from the ₹140.14 crores recorded in the fourth quarter of FY25, representing a quarter-over-quarter (QoQ) decline of 20.3%. When compared to the first quarter of FY25, where total income was ₹85.33 crores, there was a year-over-year (YoY) increase of 30.8%. This indicates a significant growth in revenue over the year, although there was a notable decline from the previous quarter.

Profitability

For Q1FY26, the company experienced a loss, with a profit before tax (PBT) of -₹1.84 crores, compared to a profit of ₹19.33 crores in Q4FY25. This marks a QoQ change of -109.5%. Similarly, the profit after tax (PAT) for Q1FY26 was -₹1.47 crores, contrasting with a PAT of ₹14.26 crores in Q4FY25, a QoQ decrease of 110.3%. Year-on-year, the PBT and PAT figures also declined significantly from Q1FY25, where they were ₹4.74 crores and ₹3.64 crores, respectively, reflecting YoY changes of -138.8% and -140.4%. The earnings per share (EPS) for Q1FY26 was -₹0.90, a stark contrast to the ₹9.00 in Q4FY25 and ₹2.40 in Q1FY25, representing a YoY decrease of 137.5%.

Operating Metrics

Total expenses for Q1FY26 amounted to ₹113.47 crores, a reduction from ₹120.81 crores in Q4FY25, marking a QoQ decrease of 6.1%. However, there was an increase in expenses when compared to the ₹80.59 crores recorded in Q1FY25, reflecting a YoY rise of 40.8%. These figures indicate a substantial increase in operating costs over the year, while a decrease from the previous quarter. The tax expense for Q1FY26 was -₹0.37 crores, down from ₹5.07 crores in Q4FY25 and ₹1.09 crores in Q1FY25, showing a significant change in tax liabilities both QoQ and YoY.