Ice Make Refrigeration Limited has informed the Exchange regarding 'Audited Financial Results Investor update for the quarter ended March 31, 2025 '.
ICEMAKE · price
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Awaiting price reaction for this filing.
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).
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.