ICE Make Refrigeration Ltd's Q3FY25 Quarter Results
- 09 Feb 2025
Result Summary
- ICE Make Refrigeration Ltd reported a 7.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 34.2%.
- Its expenses for the quarter were up by 10.6% QoQ and 34.3% YoY.
- The net profit decreased 41.3% QoQ and increased 39.1% YoY.
- The earnings per share (EPS) of ICE Make Refrigeration Ltd stood at 1.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 110.77 | 103.50 | 82.52 | 7.0% | 34.2% |
Total Expenses | 107.18 | 96.87 | 79.81 | 10.6% | 34.3% |
Profit Before Tax | 3.59 | 6.63 | 2.71 | -45.9% | 32.5% |
Tax | 0.78 | 1.84 | 0.69 | -57.6% | 13.0% |
Profit After Tax | 2.81 | 4.79 | 2.02 | -41.3% | 39.1% |
Earnings Per Share | 1.80 | 3.00 | 1.30 | -40.0% | 38.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
ICE Make Refrigeration Ltd is a company that operates in the refrigeration industry. The company is known for manufacturing and providing a range of refrigeration products and services. As of the last data, ICE Make Refrigeration Ltd focuses on offering solutions that cater to industrial and commercial refrigeration needs. The company is involved in producing equipment such as cold rooms, freezer rooms, and various other refrigeration systems. Information about any recent major developments specific to ICE Make Refrigeration Ltd is not available at this time.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), ICE Make Refrigeration Ltd reported a total income of ₹110.77 crores. This represents a quarter-over-quarter (QoQ) increase of 7.0% from ₹103.50 crores in Q2FY25. Year-over-year (YoY), the company's revenue grew by 34.2% from ₹82.52 crores in Q3FY24. The consistent growth in revenue over both the quarterly and yearly periods indicates a positive trajectory for the company’s sales performance.
Profitability
For Q3FY25, ICE Make Refrigeration Ltd recorded a profit before tax of ₹3.59 crores, a decrease of 45.9% QoQ from ₹6.63 crores in Q2FY25. However, on a YoY basis, there was an increase of 32.5% from ₹2.71 crores in Q3FY24. The tax expense for the quarter was ₹0.78 crores, which decreased by 57.6% QoQ from ₹1.84 crores in the previous quarter but increased by 13.0% YoY from ₹0.69 crores. Consequently, the profit after tax for Q3FY25 stood at ₹2.81 crores, down 41.3% QoQ from ₹4.79 crores in Q2FY25, yet up 39.1% YoY from ₹2.02 crores in Q3FY24. The earnings per share (EPS) was ₹1.80, a decrease of 40.0% QoQ from ₹3.00 and an increase of 38.5% YoY from ₹1.30, reflecting changes in profitability per share.
Operating Metrics
The total expenses for ICE Make Refrigeration Ltd in Q3FY25 were ₹107.18 crores, which marks a 10.6% increase QoQ from ₹96.87 crores in Q2FY25 and a 34.3% increase YoY from ₹79.81 crores in Q3FY24. This rise in expenses aligns closely with the revenue growth, suggesting an expansion in operational scale. The significant increase in both total income and expenses indicates a broadening in the company's operational activities during the period. The decrease in profit before tax, despite revenue growth, suggests that costs have increased at a higher rate than income, which affected the profitability margins for the quarter.
