Ice Make Refrigeration Ltd (NSE:ICEMAKE)
₹ 738.6 -0.65 (-0.09%) Market Cap: 11.65 Bil Enterprise Value: 13.13 Bil PE Ratio: 97.44 PB Ratio: 8.76 GF Score: 90/100

Q4 2025 Ice Make Refrigeration Ltd Earnings Call Transcript

May 21, 2025 / 09:30 AM GMT
Release Date Price: ₹835.15 (-0.60%)

Key Points

Positve
  • Ice Make Refrigeration Ltd (NSE:ICEMAKE) reported a strong revenue growth of 64% quarter-on-quarter and 27% year-on-year for Q4 FY25.
  • The company has a robust order book of approximately INR 1,714 crores, providing high revenue visibility for the upcoming fiscal year.
  • The cold room vertical remains the largest revenue contributor, accounting for 50.17% of total revenue, driven by demand from industries such as dairy, pharma, and food processing.
  • The company is focusing on expanding market share in cold chain and quick commerce solutions, operationalizing new facilities, and strengthening exports.
  • Ice Make Refrigeration Ltd (NSE:ICEMAKE) aims to achieve a revenue target of INR 1,000 crores by FY28, supported by a diversified portfolio and strong customer relationships.
Negative
  • The EBITDA margin for Q4 FY25 was 12.08%, down from 14.9% in the previous year, primarily due to increased operational costs from new facilities.
  • Profit after tax for Q4 FY25 decreased to INR 11.66 crores from INR 14.27 crores in Q4 FY24.
  • The company faced delays in the operation of new plants, impacting revenue and profit margins.
  • Net profit for the full year FY25 was INR 22.9 crores, down from INR 26.14 crores in FY24, due to increased expenses and interest burdens.
  • The company anticipates higher interest costs due to increased working capital requirements and new plant operations.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ICEM.NS - Ice Make Refrigeration Ltd
Q4 2025 Ice Make Refrigeration Ltd Earnings Call
May 21, 2025 / 09:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon ladies.

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Unidentified_2 [2]
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And gentlemen. I am Zico.

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Unidentified_1 [3]
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The moderator for this conference.

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Unidentified_2 [4]
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Call.

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