Ice Make Refrigeration Limited has informed the Exchange that Board of Directors at its meeting held on May 17, 2025, recommended Final Dividend of Rs. 2.25 per equity share.
ICEMAKE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ice Make Refrigeration's Board of Directors, at their meeting on May 17, 2025, approved the audited financial results for FY ended March 31, 2025, and recommended a final dividend of Rs. 2.25 per equity share (22.5% on Rs. 10 face value), subject to shareholder approval. Consolidated revenue from operations grew strongly to Rs. 47,952 lakhs from Rs. 37,838 lakhs in FY24, a rise of about 27%. However, consolidated profit after tax declined to Rs. 2,290 lakhs from Rs. 2,614 lakhs, and EPS fell to Rs. 14.65 from Rs. 16.64. The auditor issued an unmodified opinion. Both subsidiaries (Bharat Refrigerations and Icebest) have negative net worth, with accounts prepared on a going-concern basis relying on parent support.
The dividend is a positive return signal for shareholders, but the drop in profit despite higher revenue suggests margin pressure and rising costs. Investors should weigh the dividend payout against the decline in earnings and the weak financial position of the subsidiaries.