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Showing posts from August, 2020

ICE MAKE FY20 total revenue up 5.5 % to Rs 138 Cr, Profit Rs 7.17 Cr

“We have successfully maintained strong business fundamentals and corporate philosophy    and I want to assure all our stakeholders that Ice Make is absolutely determined not only to safely navigate but sustain and continue to improve its performance, customer delight, employee welfare and value creation” -Chandrakant Patel, CMD Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has maintained its financial performance for the financial year ended March 31, 2020 despite slowdown in demand and economic growth in pre-covid19 period. The company reported total revenues of Rs 137.65 Cr for the full year of FY20 compared to Rs. 129.58 Cr. reported in the corresponding last financial year of FY19.   The Net Profit for the full year ended March 31, 2020 stood at 7.17 Cr compared to Rs. 7.83 Cr. posted in FY19. During the investor conference call today Ice Make said compared to the first half of FY20 the Compa

Sonalika Tractor in July’20 records highest ever domestic growth of 71.7%

India’s one of the leading tractor manufacturer and No.1 Export brand from the country, Sonalika Tractor in July’20 records highest ever domestic growth of 71.7% & overall (Domestic+Exports) 10,223 tractors sale. Domestic sales stood at 8219 tractors compared to 4788 sales same period last year. The company continues to be on growth trajectory beating industry growth.  Speaking on the performance, Mr. Raman Mittal, Executive Director, Sonalika Group, said, “Happy to share that we have recorded highest ever domestic growth of 71.7% in July’20 beating industry growth with overall sales at 10,223 tractors. This consistent performance, creating new record high and gaining market share is a testimony of our strong foundation and investment in world’s no.1 vertical integrated plant, largest channel partners, technology savvy supply chain and best team. We have launched new tractors with advanced technology features at the same cost of current products, thus helping the farmers to