ICEMAKE Ice Make Refrigeration Q1 FY27 results (Apr–Jun 2026) and concall
Ice Make Refrigeration Limited reported strong revenue growth of 60.4% in Q1 FY27, reaching ₹178.88 crores, driven by healthy demand and new product acceptance. However, profitability was significantly impacted by high raw material costs and strategic investments, leading to an EBITDA margin of 1.7% and a net loss. A major strategic development is the proposed ₹180 crore investment and joint venture with Japan's Galilei Holdings Co. Ltd, aimed at capacity expansion and new product lines. The company expects margin improvement in H2 FY27, targeting 6-6.5% EBITDA for the full year, despite antic
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What they filed
Q1 FY27: revenue up 60.4%, net profit down 12.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 103 | 111 | 180 | 112 | 147 +43% | 153 +39% | 256 +42% | 179 +60% |
| EBITDA | 8 | 7 | 21 | 4 | 10 +14% | 10 +48% | 21 +0% | 3 −32% |
| Net profit | 5 | 3 | 12 | -1 | 2 −58% | 1 −48% | 10 −13% | -2 −13% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
