Ice Make Refrigeration Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 2.25 per equity share.
ICEMAKE · price
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Ice Make Refrigeration Limited's Board of Directors meeting on May 29, 2026 recommended a final dividend of Rs. 2.25 per equity share (22.5% of face value Rs. 10) for FY2026, subject to shareholder approval at the ensuing AGM. The company reported strong revenue growth with consolidated revenue from operations at Rs. 66,819.59 lakhs, up 39% from Rs. 47,952.19 lakhs in FY2025. However, consolidated profit after tax declined to Rs. 1,212.88 lakhs from Rs. 2,290.40 lakhs in the previous year, a drop of about 47%. Standalone PAT was Rs. 1,089.42 lakhs versus Rs. 2,322.41 lakhs in FY2025. The auditors issued an unmodified opinion on the financial results.
The dividend recommendation is positive for shareholders, maintaining shareholder returns despite a significant decline in profitability. The stock may see mixed reaction given the strong revenue growth but lower profits.