Ice Make Refrigeration Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Ice Make reported consolidated revenue of Rs 66,820 lakhs for FY26, up ~39% from Rs 47,952 lakhs in FY25, driven by strong growth in refrigeration equipment sales. However, profit after tax (consolidated) fell sharply to Rs 1,213 lakhs from Rs 2,290 lakhs (down ~47%), reflecting margin compression from rising raw material costs, significantly higher finance costs (Rs 1,259 lakhs vs Rs 412 lakhs), and increased depreciation. The auditors issued an unmodified opinion, but drew attention to the subsidiary Icebest Private Limited (60% owned) which has been loss-making for two consecutive years and has negative net worth, though accounts are prepared on going concern basis due to parent financial support. The board recommended a final dividend of Rs 2.25 per share (22.5%).