ICEMAKE

What Ice Make Refrigeration promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 17 tracked 3 delivered 4 missed 10 open
  • FY27 Bharat Refrigerations Revenue went quiet said Q4 FY26 Promised: ₹50-55 crore Q1 FY27: No specific update provided on the performance of the Bharat Refrigerations subsidiary.
  • Phase 2 Capex Execution delayed said Q3 FY25 Promised: ₹150 crore plus capex plan to be reviewed in April/May Q1 FY27: The original plan has been superseded by a concrete capital allocation plan from the proposed ₹180 cr Galilei investment, including ₹58 cr for capacity expansion.
  • FY26 Revenue delivered said Q4 FY25 Promised: ₹650 crore Q4 FY26: Achieved ₹668 crore for the full year, exceeding guidance.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 17 tracked commitments for Ice Make Refrigeration — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens