Announced Mon, 24 Aug, 2026 · 17:40 IST
Ice Make Q1 FY27: Revenue up 60% to Rs 179 cr, margins dip to 1.7%
Mgmt Guided Margin ImprovementMgmt Guided Margin PressureOrder Pipeline DisclosedInvestor Communications View source PDFExplain this filing
ICEMAKE · price
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₹720.05
base price
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AI summary
Revenue grew 60% YoY to Rs 178.88 cr from Rs 111.50 cr. EBITDA fell to Rs 3.09 cr (margin 1.7% vs 4.1%) due to raw material costs and capability build-up. PAT was a loss of Rs 1.65 cr. Order book stands at Rs 222 cr. FY27 EBITDA margin guided at 6-6.5% with improvement expected from H2. Proposed Rs 180 cr investment from Japan firm Galilei for a 60:40 JV in commercial refrigeration, with production targeted by Feb 2028.
Likely market impact
Mixed quarter: strong revenue but margins compressed. Galilei JV offers long-term upside, near-term margin recovery hinges on H2.