Ice Make Refrigeration Reports ₹ 480.42 Crore FY25 Revenue, Proposes ₹ 2.25 Dividend, Targets ₹ 1,000 Crore by FY28
The announcement includes comprehensive annual financial results, a dividend proposal, and significant strategic plans for capacity expansion, technological investment, and clear long-term revenue targets, which are all material to investor decisions and future company performance.
The company reported strong consolidated revenue growth of 26.8% for FY25, declared a dividend, and outlined ambitious future growth targets, including reaching ₹ 1,000 Crores by FY28, supported by new facility operationalization and strategic investments.
* Ice Make Refrigeration Limited submitted the Notice of its 16th Annual General Meeting (AGM) and the Annual Report 2024-25 on September 04, 2025. * The 16th AGM is scheduled for September 27, 2025, at J. B. Auditorium, Ahmedabad Management Association. * The Board has proposed a dividend of ₹ 2.25 per share for the financial year 2024-25. * For FY25, the company reported an all-time high consolidated revenue from operations of ₹ 480.42 Crores, reflecting a 26.8% year-on-year growth. * Consolidated EBITDA for FY25 stood at ₹ 43.44 Crores, and net profit (PAT) was ₹ 22.9 Crores. * The company's market capitalization as of March 31, 2025, was ₹ 1,420.18 Crores. * Standalone figures for FY25 include Revenue from Operations of ₹ 473.22 Crores, EBITDA of ₹ 43.14 Crores, PAT of ₹ 23.22 Crores, and EPS of ₹ 14.72. * Management commentary highlighted that margins were impacted due to the ramp-up in operational and pre-marketing expenses for new capacities, with revenues from these capacities contributing mainly in Q4. However, the company is confident of improving profitability as operating leverage strengthens. * Ice Make Refrigeration aims to achieve a revenue of ₹ 1,000 Crores by 2027-28. * The Bavla manufacturing facility, dedicated to continuous PUF panels, Visi coolers, and Chest freezers, became operational in January 2025. * The Chennai plant is expected to be operational at a new facility by mid-2025-26 to strengthen the company's presence in South India. * The company is evaluating the next phase of capital investments, including automation, plant upgrades, and strategic acquisitions, and is investing in advanced technologies like IoT and Augmented Reality for predictive maintenance and smarter cold chain monitoring.
What to do with a filing like this
Ice Make Refrigeration Limited filed this with the NSE as a statutory disclosure, categorised under results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Ice Make Refrigeration Limited. Read the original for the full detail.