Ice Make Refrigeration Limited (ICEMAKE) Earnings Call Transcripts

Ice Make Refrigeration Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Ice Make Refrigeration Limited reported a significant revenue increase of 41.8% year-on-year, reaching INR 255 crores, driven by strong demand across key sectors and new product categories. The full fiscal year saw revenues of INR 668 crores, a 39.3% increase from the previous year. Despite the robust revenue growth, profitability was impacted by strategic investments and one-time expenses, with a reported profit after tax of INR 5.13 crores for the year. Management maintained a positive outlook, aiming for INR 1,000 crores in revenue in the near future, indicating strong growth potential.

Reported metrics

Guidance from management

Management maintained a positive outlook, targeting INR 1,000 crores in revenue in the near future, while aiming for an EBITDA margin improvement to exceed 8.5%. They anticipate that operational leverage will support profitability as investments mature.

What management said

So we are a new entrant in the market. I think that that's 1 reason that I think we could probably get that initial interest and traction until we have an excellent brand equity in the Western region. Our seating has started from Western region. So the customers confidence that I expect brand is pretty good. So I think that enabled us to place the deep freezers and vizi coolers in the market very effective numbers, o...

No. So April and May, we have seen a good traction and we'll have to watch and wait the June, and we hope to continue the momentum. And anyway, you know that our base is low. So obviously, we will definitely post excellent growth in this business.

What analysts pressed on

Analysts expressed concerns regarding the decline in profitability margins and the impact of strategic investments on short-term financial performance. There were also questions about the sustainability of revenue growth and the ability to manage rising input costs effectively.

Main topics on the call

• Strong Revenue Growth — Ice Make reported consolidated revenue of INR 255 crores for Q4 FY '26, a 41.8% increase from INR 180 crores in Q4 FY '25. Management noted, "The growth was broad-based across key consumption sectors," highlighting the c...
• Profitability Challenges — The company's EBITDA margin for FY '26 declined to 6.9% from 9.1% in the previous year, attributed to strategic investments and one-time expenses. CFO Ankit Patel stated, "These investments are strategic in nature, aimin...
• Future Revenue Guidance — Management aims for INR 1,000 crores in revenue in the near future, indicating confidence in market demand and growth strategies. Ankit Patel mentioned, "We are aiming for INR 1,000 crores top line in the near future."
• Investment in Capabilities — The company has made significant investments in manufacturing infrastructure and product development, which are expected to strengthen its competitive position. CEO M. Reddy emphasized, "These investments are intended to...

Read the full Ice Make Refrigeration Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 5 Ice Make Refrigeration Limited earnings call transcripts on record, spanning February 12, 2025 to August 18, 2026. Based on this history, Ice Make Refrigeration Limited reports semi-annually. The most recent call on file is dated August 18, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ICEMAKE

Exchange

NSEI

Country

IN

Sector

Industrials

Industry

Machinery

Calls on record

5

First call

February 12, 2025

Most recent

August 18, 2026

Reporting cadence

semi-annually