Ice Make Refrigeration LimitedQ1 FY27 Results & Financial Update
Ice Make Refrigeration Limited: Q1 FY27 consolidated results and company financials – revenue ₹178.88 Cr, PAT ₹-1.65 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Ice Make Refrigeration Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Ice Make Refrigeration Limited recorded consolidated revenue from operations of INR 178.88 crore for the first quarter of fiscal year 2027, accompanied by total income of INR 178.99 crore.
The company experienced profitability pressures during the quarter, posting a consolidated loss before tax (PBT) of INR 2.23 crore.
Net loss (PAT) for the quarter stood at INR 1.65 crore, after accounting for a tax credit of INR 0.58 crore.
Basic and diluted earnings per share (EPS) for the period landed at a negative INR 1.04.
Finance costs for the quarter were reported at INR 3.27 crore, reflecting the ongoing servicing of debt obligations across operations.
Depreciation and amortization expenses amounted to INR 2.05 crore, capturing the wear and tear on fixed assets and manufacturing infrastructure.
Other income contributed a modest INR 0.11 crore to the top-line figures during the three-month period ended June 30, 2026.
Ice Make Refrigeration Limited reported consolidated total income of INR 178.99 crore for the quarter ended 30 June 2026, with revenue from operations standing at INR 178.88 crore. The period reflectively encountered profitability pressures, resulting in a consolidated loss before tax of INR 2.23 crore.
01 · Business model
What does Ice Make Refrigeration do?
Ice Make Refrigeration Limited designs, manufactures, and supplies industrial refrigeration and cooling equipment catering to diverse commercial and industrial sectors.
The company's core product portfolio encompasses cold rooms, commercial refrigerators, water chillers, ammonia refrigeration systems, and various custom-built cooling solutions.
It serves a broad client base spanning dairy, food processing, pharmaceuticals, cold chains, chemicals, and hospitality industries.
Ice Make operates through manufacturing facilities and a distribution network designed to support installation, commissioning, and after-sales service requirements.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹178.88 Cr |
| Total income | ₹178.99 Cr |
| Profit before tax | ₹-2.23 Cr |
| Profit after tax | ₹-1.65 Cr |
| EPS | ₹-1.04 |
Financial interpretation
What the reported numbers mean
Profit after tax represented -0.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to -1.2% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.11 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Generated INR 178.88 crore in revenue from operations during the quarter ended June 30, 2026.
Total income reached INR 178.99 crore, supported by INR 0.11 crore in other income alongside core revenues.
Revenue from operations reached INR 178.88 crore for Q1 FY27, driven by deliveries across industrial refrigeration and commercial cooling product lines.
Other income contributed INR 0.11 crore, bringing total consolidated income to INR 178.99 crore.
What drove margins
Finance costs of INR 3.27 crore exerted downward pressure on the bottom line during the quarter.
Depreciation and amortization expenses stood at INR 2.05 crore, reflecting capital asset deployment.
Recorded a tax credit of INR 0.58 crore, softening the net loss position.
Finance costs stood at INR 3.27 crore for the quarter, exerting pressure on bottom-line profitability alongside fixed operating expenses.
The company recorded a net tax credit of INR 0.58 crore, which reduced the pre-tax loss of INR 2.23 crore to a net loss of INR 1.65 crore.
04 · Pressure points & risks
What is not going smoothly
Reported a net loss of INR 1.65 crore for Q1 FY27 alongside a negative PBT of INR 2.23 crore.
The company posted a consolidated net loss of INR 1.65 crore and a pre-tax loss of INR 2.23 crore for Q1 FY27, reflecting earnings contraction during the quarter.
05 · Items worth noticing
The line items that can distort a quick read
Recorded a negative tax expense (tax credit) of INR 0.58 crore for the quarter.
06 · Beyond the numbers
What changed beyond the numbers
Reported update
Filing Submission
Submitted official structured XBRL financial results for the quarter ended June 30, 2026, to the exchange.
07 · Key Q&A
The quarter, answered directly
What does Ice Make Refrigeration do?
Ice Make Refrigeration Limited designs, manufactures, and supplies industrial refrigeration and cooling equipment catering to diverse commercial and industrial sectors.
What is the clearest takeaway from Q1 FY27?
Ice Make Refrigeration Limited recorded consolidated revenue from operations of INR 178.88 crore for the first quarter of fiscal year 2027, accompanied by total income of INR 178.99 crore.
What drove revenue or demand?
Generated INR 178.88 crore in revenue from operations during the quarter ended June 30, 2026.
What mattered most for margins or profitability?
Finance costs of INR 3.27 crore exerted downward pressure on the bottom line during the quarter.
What changed operationally beyond the headline numbers?
Submitted official structured XBRL financial results for the quarter ended June 30, 2026, to the exchange.
What are the main pressure points disclosed for the quarter?
Reported a net loss of INR 1.65 crore for Q1 FY27 alongside a negative PBT of INR 2.23 crore.
08 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
09 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Profitability Turnaround: Monitor subsequent quarters for cost rationalization and a return to net profitability.
- 02
Debt and Finance Cost Management: Track the trajectory of finance costs relative to operating revenues in future reporting periods.
- 03
Profitability Recovery: Monitor subsequent quarters for a return to operating profitability and positive net earnings following the Q1 FY27 loss.
- 04
Cost Management: Observe management's ability to rationalize financing costs (INR 3.27 crore in Q1) and fixed overheads to support margin restoration.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.