Ice Make Q2 FY26 results: revenue up around 43%, profit down about 58%
ICEMAKE · price
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Consolidated revenue from operations rose to Rs 14,748.89 lakhs in Q2 FY26 from Rs 10,338.58 lakhs a year ago, up about 43%. H1 FY26 revenue grew about 37% to Rs 25,899.03 lakhs. However, consolidated profit after tax fell to Rs 202.37 lakhs in Q2 from Rs 478.80 lakhs, down about 58%. H1 PAT dropped about 93% to Rs 55.47 lakhs. Standalone Q2 PAT fell about 70% to Rs 144.81 lakhs. Operating cash flow was negative Rs 5,281.63 lakhs in H1. Auditor flagged subsidiary Icebest Private Limited as a going concern with negative net worth.
Strong top-line growth but sharp profit decline and negative operating cash flow raise concerns about margin pressure and working capital strain.