Ice Make Refrigeration Reports Strong Revenue Growth in Q1 FY26; Strategic Investments to Drive Long-Term Expansion
Mumbai/Ahmedabad, August 08th, 2025: Ice Make Refrigeration Limited, a leading manufacturer of 50+ innovative cooling and refrigeration solutions, announced its unaudited financial results for the quarter ended June 30, 2025 (Q1 FY26), demonstrating continued momentum in revenue growth despite temporary headwinds in profitability.
During the quarter, the company reported consolidated revenue from operations of ₹111.50 crore, registering a year-on-year growth of over 30 percent compared to ₹85.23 crore in Q1 FY25. This performance reflects consistent demand across key verticals including cold rooms, industrial refrigeration, and transport refrigeration segments, backed by strong order execution and growing market penetration.
However, due to seasonal input cost fluctuations, elevated finance costs, and inventory adjustments, the company recorded a net profit of ₹ -1.47 crore in Q1 FY26 compared to a profit of ₹3.64 crore in the same quarter last year. The management emphasized that this is a short-term impact and the underlying fundamentals of the business remain strong. Ice Make continues to maintain a sharp focus on operating efficiencies, cost optimization, and working capital discipline.
The Board of Directors recently approved a final dividend of ₹2.25 per equity share for FY25 and cleared the proposal to increase authorized capital, paving the way for future growth-oriented investments. The company is actively exploring strategic initiatives including capacity expansion, potential acquisitions, and the development of ESG-compliant and technology-driven cold chain solutions to cater to new-age industries and export markets.
Speaking on the results, Mr. Chandrakant P. Patel, Chairman and Managing Director, said, “We are encouraged by the strong top-line momentum and the sustained trust of our customers. Despite temporary cost-related pressures, we remain confident of delivering profitable growth in the coming quarters through our multi-pronged expansion strategy and upcoming fund-raising plans.”
With a robust order book, expanding product portfolio, and a clear long-term roadmap, Ice Make remains committed to supporting India’s growing need for energy-efficient and sustainable refrigeration infrastructure across agriculture, food processing, healthcare, and logistics sectors.