📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
ICEMAKE Q3 FY26: Revenue Surges 39% YoY to ₹153.4 Cr, but PAT Declines 48% to ₹1.45 Cr
Ice Make Refrigeration reported a robust 39% YoY revenue growth in Q3 FY26, reaching ₹153.36 crore, driven by sustained demand in industrial and commercial cooling segments. However, consolidated Net Profit (PAT) fell significantly to ₹1.45 crore from ₹2.81 crore in the previous year's quarter. This decline is primarily attributed to elevated finance costs, expansion-led depreciation, and lower initial margins in two newly launched business verticals. For the nine-month period (9M FY26), the company achieved a total revenue of ₹412.35 crore with a PAT of ₹2.01 crore.
Key Highlights
Consolidated Revenue from Operations grew 39% YoY to ₹153.36 crore in Q3 FY26.
Consolidated PAT decreased by 48.4% YoY to ₹1.45 crore compared to ₹2.81 crore in Q3 FY25.
9M FY26 consolidated revenue reached ₹412.35 crore with a total PAT of ₹2.01 crore.
Profitability was impacted by higher finance costs and depreciation following recent capacity expansions.
Management launched two new verticals where margins are currently calibrated for market entry and volume scaling.
💼 Action for Investors
Investors should monitor the company's ability to scale its new verticals and improve operating margins, which are currently under pressure from expansion costs. While top-line growth is strong, the stock's performance will likely depend on the recovery of the bottom line as operating efficiencies kick in.