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This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →

ICEMAKENSEICE MAKE REFRIGERAT LTD· Industrial ManufacturingHighNeutral
Announced Thu, 5 Nov, 2026 · 15:20 IST

September 2026 quarter: consolidated revenue up 41%, profit after tax up 34%

Emphasis of matterRevenue growth above 20%Profit growth above 25%EBITDA margin compressionRelated-party transactionsNegative operating cash flowResults View source PDFExplain this filing

ICEMAKE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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On the reaction day the stock moved 3.9 pts more 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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AI summary

In the consolidated September 2026 quarter, revenue and profit after tax were Rs 20,737.96 lakh and Rs 270.71 lakh, up 41% and 34% from Rs 14,748.89 lakh and Rs 202.37 lakh a year earlier. EBITDA margin: 4.4% versus 6.5%. Quarterly depreciation was Rs 210.46 lakh under the new method; the auditor highlighted the change. Consolidated half-year operating cash flow: negative Rs 2,938.52 lakh. Icebest's net worth is fully eroded and relies on parent support.

Likely market impact

Strong growth supports sentiment, but margin compression, profit helped by depreciation change, negative cash flow and share dilution are concerns.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26
Q2 FY27Q2 FY26Change
Revenue₹207.4 Cr₹147.5 Cr+40.6%
Operating profit₹3.39 Cr₹2.68 Cr+26.3%
Profit after tax₹2.71 Cr₹2.02 Cr+33.8%
EBITDA margin4.4%6.5%−2.1 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.