Revenue rises 36.47% to Rs 66.68 crore . Ice Make Refrigeration Limited (Ice Make), a leading supplier of innovative cooling solutions and manufacturer of 50 plus refrigeration equipments in India, reported robust earnings results for the third quarter and nine months ended December 31, 2022.   Consolidated Financial Performance: Q3FY23 The Company’s consolidated net profit for Q3FY23 increased by 248.82% to Rs 4.43 crore as against Rs 1.27 crore during the previous quarter ended Q3FY22. Consolidated revenue increased by 36.47% to Rs 66.68 crore in Q3FY23 as against Rs 48.86 crore during the previous quarter ended ended Q3FY22. Strong control over cost improved profitability significantly. As against an EBITDA of Rs 3.07 crore in Q3FY22, company’s EBITDA in Q3FY23 jumped to Rs 7.46 crore . Higher scale, control over expenses and better realizations resulted in strong growth in operating profits. During the quarter EBITDA margins almost doubled to 11.16% as against 6.2

  By Vivek Goel, Joint Managing Director, Tailwind Financial Services The union budget 2023announced byfinance minister Nirmala Sitharaman is a balanced budget with no negative surprises , prudently maintaining fiscal deficit target at 5.9% while delivering an INR 10L crores capex & rationalising personal income tax. In a difficult global macro-economic backdrop,continuing impetus on capital expenditure the FM announced a significant jump in planned capex to INR 10 lakh crores. It should help further improve India’s prospects of continuing to be outshining with strong GDP growth numbers with 10.5% FY24 nominal GDP estimates set out. This is further help in job creation across infrastructure, railways, power and among others. Along with this, a fiscal deficit target at 5.9% for FY24 while retaining 6.4% for FY23 is a strong message from a fiscal perspective. This additionally included the FM maintaining her originally set out glide path of bringing the fiscal deficit down to 4.5