ICEMAKENSEIce Make Refrigeration Limited· Industrial ManufacturingHighNeutral
Announced Mon, 19 May, 2025 · 11:54 IST

Ice Make Refrigeration Limited has informed the Exchange regarding 'Audited Financial Results Investor update for the quarter ended March 31, 2025 '.

Revenue Growth 20pctEbitda Margin CompressionResults View source PDFExplain this filing

ICEMAKE · price

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Price reactionminutes from the announcement price · days from the prior close
-5.9%Reaction day
₹898.00
prior close
₹873.50
announcement price
In-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used+1.2%-7.1% vs market
Industrial Products peers, median of 104sector+0.3%-6.2% vs sector

On the reaction day the stock moved 7.1 pts less than Nifty Microcap 250 and 6.2 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 104Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ice Make Refrigeration reported strong topline growth for FY25, with consolidated revenue rising 26.76% year-on-year to ₹480.42 crore (Q4 FY25 revenue grew to ₹180.82 crore, up 26.76% YoY and 29% sequentially). However, profitability came under pressure — full-year PAT fell to ₹22.90 crore from ₹26.14 crore in FY24, and Q4 PAT declined to ₹11.66 crore from ₹14.27 crore. EBITDA margin compressed to 9.04% in FY25 (from 10.92%) and to 12.08% in Q4 (from 14.93%), attributed by management to higher input costs and timing mismatches. The company narrowly missed its internal ₹500 crore revenue target, citing delayed execution of certain product orders. The Board has recommended a final dividend of ₹2.25 per share (22.5% of face value).

Likely market impact

Positive on revenue momentum and order book strength, but margin compression and PAT decline despite topline growth signal cost pressures that may weigh on near-term investor sentiment. Dividend declaration offers some support to shareholders.