ICE Make Refrigeration Ltd
ICE Make Refrigeration Q2 Results 2026 (FY27) investor presentation: Revenue & Margins
Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.
Guidance rank: #1 of 54 in Industrial Manufacturing
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Based on ICE Make Refrigeration Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Q4 Revenue for March 31, 2026: ₹ 25,584.64 lakhs, up from ₹ 18,035.49 lakhs in Q4 March 31, 2025. Q4 Revenue (₹ lakhs): 25,584.64 (up from ₹18,035.49 in Q4 March 31, 2025) - Q4 EBITDA (₹ lakhs): 2,176.91 (slightly down from ₹2,184.99 in Q4 March 31, 2025) - Q4 EBITDA Margin (%): 8.50 (down fro
From ICE Make Refrigeration Ltd's Q2 FY27 earnings-call transcript · updated 2 Nov 2026.
Revenue & Sales Performance
- Q4 Revenue for March 31, 2026: ₹ 25,584.64 lakhs, up from ₹ 18,035.49 lakhs in Q4 March 31, 2025.
- This reflects a year-on-year revenue increase of approximately 41.9%.
- EBITDA in Q4 March 31, 2026: ₹ 2,176.91 lakhs (margin 8.50%), slightly down from ₹ 2,184.99 lakhs (margin 12.08%) in Q4 March 31, 2025.
2 more points from ICE Make Refrigeration Ltd's call on revenue
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Profitability & Margins
See what ICE Make Refrigeration Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- 2023: Expanded manufacturing facility for PUF panels at subsidiary Icebest Private Limited, Howrah, Kolkata, West Bengal.
- 2024: Unveiled new facility in Bavla, Ahmedabad, Gujarat for Continuous PUR/PIR Sandwich Panels, Chest Freezers, and Visi Coolers. Commenced manufacturing at this facility.
- 2025: Relocated Bharat Refrigerations Private Limited to new facility at Vayalur, Chennai.
- Operational expansion includes five state-of-the-art manufacturing plants across India supporting increased production capacity and operational synergies.
Top-ranked in Industrial Manufacturing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what ICE Make Refrigeration Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
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ICE Make Refrigeration Ltd — Quarterly revenue & net profit
Q2 FY27 figures are not in this chart yet. Latest shown: Jun 2026 (Q1 FY27). The Q2 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹176 Cr, net loss ₹1 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What ICE Make Refrig.'s management said in earlier quarters
Others in Industrial Manufacturing this season
- HLE Glascoat (Q2 FY27)
Q2 FY27 Revenue from Contract with Customers: ₹346.7 Crores, down 1.2% YoY (Page 9) . Key investor presentation takeaways from HLE Glascoat Ltd's Q2 FY27 invest
- Lloyds Engineering Works Ltd (Q2 FY27)
Q2-FY27 consolidated revenue: ₹5,936 Mn, up 87% YoY from ₹3,167 Mn (Page 12). Key investor presentation takeaways from Lloyds Engineering Works Ltd's Q2 FY27 in
- Prizor Viztech (Q2 FY27)
Revenue from Operations for H1 FY27: INR 10,650.1 lakhs, up 153.5% YoY from INR 4,201.4 lakhs in H1 FY26 (Page 17). Key investor presentation takeaways from Pri
- Tempsens Instruments (Q2 FY27)
Q2 FY27 revenue from operations: ₹1,363.1 million, up 34.0% YoY (Page 12) . Key investor presentation takeaways from Tempsens Instruments (India) Ltd's Q2 FY27
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- 1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were ICE Make Refrigeration Ltd Q2 FY27 results?
Q4 Revenue for March 31, 2026: ₹ 25,584.64 lakhs, up from ₹ 18,035.49 lakhs in Q4 March 31, 2025. Q4 Revenue (₹ lakhs): 25,584.64 (up from ₹18,035.49 in Q4 March 31, 2025) - Q4 EBITDA (₹ lakhs): 2,176.91 (slightly down from ₹2,184.99 in Q4 March 31, 2025) - Q4 EBITDA Margin (%): 8.50 (down fro
What is ICE Make Refrigeration Ltd share price analysis?
ICE Make Refrigeration Ltd currently shows a neutral. The stock trades at a P/E of 109.0 with a market cap of ₹1,185 Cr. Investors should review the full earnings analysis for detailed insights.
Is ICE Make Refrigeration Ltd planning capital expenditure?
2023: Expanded manufacturing facility for PUF panels at subsidiary Icebest Private Limited, Howrah, Kolkata, West Bengal.
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.