Ice Make Refrigeration Limited has informed the Exchange regarding Outcome of Board Meeting held on August 07, 2025.
ICEMAKE · price
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Ice Make Refrigeration reported Q1 FY26 (quarter ended June 30, 2025) results with consolidated revenue rising about 31% year-on-year to Rs. 111.50 crore, up from Rs. 85.23 crore in Q1 FY25. Standalone revenue grew roughly 34% to Rs. 111.86 crore. Despite the strong top-line growth, the company swung to a consolidated loss of Rs. 1.47 crore versus a profit of Rs. 3.64 crore in the same quarter last year; standalone PAT was a loss of Rs. 1.39 crore against a profit of Rs. 3.85 crore. The Board proposed a final dividend of Rs. 2.25 per share (22.5% on face value of Rs. 10), subject to shareholder approval at the 16th AGM on September 27, 2025, with a record date of September 20, 2025. The Board also approved increasing authorised share capital from Rs. 17.5 crore to Rs. 20 crore (adding 25 lakh equity shares) and appointed M/s. Nishant Pandya & Associates as Secretarial Auditor for five years (FY26–FY30). The statutory auditor flagged that subsidiary Icebest Private Limited is loss-making for two years with negative net worth, though its accounts were prepared on a going-concern basis assuming continued financial support from the parent.
Strong revenue growth is a positive signal for the business, but the sharp swing into losses and the auditor's going-concern flag on a subsidiary raise concerns about near-term profitability and risk. Shareholders benefit from the Rs. 2.25 dividend, but should monitor margin recovery and the performance of loss-making subsidiaries closely.