Skip to main content

Posts

Showing posts from February, 2022

ICE MAKE Q3FY2022 net profit jumps 167%

  Top-line witness robust revenue growth of 60% in 9MFY22 Ice Make Refrigeration Limited (Ice Make), a leading supplier of innovative cooling solutions and manufacturer of 50 plus refrigeration equipments in India, has posted robust growth in revenue along with improvement in profitability led by strong recovery in customer demand.   During first nine months of FY22, the company recorded robust 60% year on year growth in revenue to Rs 129.2 crore as against Rs 80.85 crore revenue in the first nine months of FY21. Maintaining good profitability the Company’ s EBITDA in 9MFY22 stood at Rs 5.86 crore witnessing a growth of 10.2% on a year on year basis. EBITDA margins in this period stood at 4.54%. Moreover, a good 25.1% year on year drop in interest cost and 18.1% in depreciation helped in higher profits. During 9MFY22, company’s profit nearly trebled to Rs 1.79 crore as against Rs 0.63 crore (Rs 63 lakh) in 9MFY21. Quarterly consolidated revenue increased 46.5% to Rs 48.86 crore cror