Ice Make Refrigeration Q1 Results Revenue Declines to ₹8,522.58 Lakhs and Net Profit Drops to ₹364.42 Lakhs

Ice Make Refrigeration Q1 Results 2024-2025: Ice Make Refrigeration has released its unaudited financial results for the first quarter of the 2024-2025 fiscal year. Announced on 12 September 2024, the company reported a decrease in revenue by 39.22% year-over-year (YoY), with revenue falling from Rs. 13,991.92 lakhs in Q1 2023-2024 to Rs. 8,522.58 lakhs in the current quarter. This significant drop in revenue highlights a challenging period for the company, showing a 39.22% YoY decline compared to the same quarter last year.

The company’s profit before tax (PBT) also experienced a substantial decline of 75.48% YoY, decreasing from Rs. 1,933.41 lakhs in Q1 2023-2024 to Rs. 473.53 lakhs in the latest quarter. This decrease is reflective of the broader challenges faced by Ice Make Refrigeration, with other financial metrics like net profit following a similar downward trend, showing a 74.48% YoY reduction.

Despite the drop in revenue and profits, Ice Make Refrigeration continues to work on its strategic initiatives to address these financial challenges and improve performance in the coming quarters.

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Ice Make Refrigeration Q1 Results 2024-2025

Ice Make Refrigeration has released its financial results for the first quarter of the 2024-2025 fiscal year.

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Ice Make Refrigeration Current Market Overview

Ice Make Refrigeration's stock is trading at ₹676, down slightly by 0.49%. The company has a market cap of ₹1,067 crore. Over the past year, the stock has fluctuated between ₹434 and ₹960. The company’s price-to-earnings ratio is 43.7, suggesting a relatively high valuation compared to its earnings.

The book value per share is ₹66, and it offers a modest dividend yield of 0.26%. Ice Make Refrigeration shows strong financial health with a return on capital employed of 34.3% and a return on equity of 28.2%.

Quarterly Results

Here is a summary of Ice Make Refrigeration's financial performance for the last three quarters, showcasing their sales, expenses, and profits:

About Ice Make Refrigeration

Ice Make Refrigeration is a company that has been providing custom cooling solutions since 1993. They offer a range of products and services including cold rooms, freezers, and refrigeration systems for both commercial and industrial use.

They also provide solutions for transport refrigeration, such as refrigerated vans and containers. Recently, they have expanded into ammonia refrigeration, offering new products and services for various industries like dairy, beverages, and pharmaceuticals.

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