Ice Make Refrigeration Q3 FY26 Earnings Call Transcript Released
Ice Make Refrigeration released its Q3 FY26 earnings call transcript. Standalone revenue for Q3 FY26 was ₹153.21 crore, with PAT at ₹1.11 crore. Consolidated revenue stood at ₹153.36 crore, with PAT at ₹1.45 crore. The company projects ₹650 crore revenue for FY26, ₹800-825 crore for FY27, and ₹1,000 crore for FY28, with an order book of ₹180+ crore.
The release of an earnings call transcript is a routine disclosure for listed companies. It provides detailed financial and strategic insights that are important for investors and analysts to assess the company's performance and future prospects.
The announcement is a transcript of an earnings call, which provides detailed financial performance and future outlook. While the results and outlook have positive elements, the overall tone is informative rather than celebratory, reflecting a neutral sentiment.
Ice Make Refrigeration Limited has released the transcript of its earnings conference call held on February 16, 2026, pertaining to the financial results for the quarter ended December 31, 2025 (Q3 FY26).
During the call, the company highlighted its Q3 FY26 standalone financial performance, with revenue from operations at ₹153.21 crore, Profit Before Tax at ₹1.50 crore, and Profit After Tax at ₹1.11 crore. For the first nine months of FY26, standalone revenue from operations stood at ₹437.76 crore, with Profit Before Tax at ₹1.68 crore and Profit After Tax at ₹1.17 crore.
On a consolidated basis for Q3 FY26, revenue was ₹153.36 crore, Profit Before Tax was ₹1.90 crore, and Profit After Tax was ₹1.45 crore. For the nine months ended December 31, 2025, consolidated revenue reached ₹412.35 crore.
The company discussed its strategic priorities, including expanding retail footprint, increasing presence in HoReCa and pharmaceutical industries, and enhancing manufacturing efficiency. The order book was approximately ₹180+ crore. Management provided revenue guidance of ₹650 crore for the current fiscal year (FY26), ₹800–825 crore for FY27, and ₹1,000 crore for FY28.
Discussions also covered the performance and outlook for new verticals, Continuous Panels and Commercial Freezers, with management expecting them to contribute significantly to future topline growth and achieve EBITDA margins of 9–10% at full capacity. The company anticipates that the impact of input costs and finance expenses on margins will gradually ease, with PAT growth expected to accelerate from the next financial year. The current peak debt level is around ₹105–119 crore, with expectations for debt reduction going forward.
Subsidiaries Bharat Refrigerations and Ice Best are also contributing to revenue, with Bharat Refrigerations achieving ₹10 crore in sales in the current quarter. The company remains focused on its core strengths and optimizing operational efficiency to drive growth.
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Ice Make Refrigeration Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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