ICE MAKE Q1FY23 top line grows 100%, posts Net Profit of Rs 3.09 cr

Ice Make Refrigeration Limited (NSE: ICEMAKE),a leading supplier of innovative cooling solutions and manufacturer of 50 plus refrigeration equipment in India, has reported 100% growth in its revenue for the quarter ended 30 June 2022.

 The consolidated revenue stood at Rs 64.84 cr against Rs 32.43 Cr posted in the corresponding quarter of last fiscal. The Company recorded a profit before tax of Rs 4.15 Cr as against a loss Before Tax of Rs 1.11 Cr last year in June quarter.

During the quarter the Company posted a Net Profit of Rs 3.09 Cr as against a loss of Rs 82.74 lakh last year in the corresponding quarter. 

Mr. Chandrakant Patel, CMD, Ice Make Refrigeration Limited said “The Company has started reaping the fruits of its strategic initiatives and innovative range of over 50 plus products including our 1st branded solar cold room “SoloPeriFresh”.