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ICE MAKE REFRIGERATION
Quarterly Results Analysis [Dec2023]

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ICE MAKE REFRIGERATION Quarterly Results

Consolidated Dec2023
UnAudited
Sep2023
UnAudited
Jun2023
UnAudited
Mar2023
Audited
Dec2022
UnAudited
Sep2022
UnAudited
Jun2022
UnAudited
Mar2022
Audited
Revenues ₹82 Cr ₹77 Cr ₹79 Cr ₹114 Cr ₹67 Cr ₹67 Cr ₹65 Cr ₹77 Cr
Expenses ₹78 Cr ₹69 Cr ₹71 Cr ₹101 Cr ₹59 Cr ₹60 Cr ₹60 Cr ₹68 Cr
Operating Income ₹4 Cr ₹8 Cr ₹8 Cr ₹12 Cr ₹7 Cr ₹7 Cr ₹5 Cr ₹9 Cr
Other Income ₹0 Cr ₹0 Cr ₹0 Cr ₹1 Cr ₹0 Cr ₹0 Cr ₹0 Cr ₹0 Cr
Interest ₹1 Cr ₹1 Cr ₹0 Cr ₹0 Cr ₹1 Cr ₹0 Cr ₹0 Cr ₹1 Cr
Depreciation ₹1 Cr ₹1 Cr ₹1 Cr ₹1 Cr ₹1 Cr ₹1 Cr ₹1 Cr ₹1 Cr
Profit Before Tax ₹3 Cr ₹6 Cr ₹7 Cr ₹12 Cr ₹6 Cr ₹6 Cr ₹4 Cr ₹7 Cr
Profit After Tax ₹2 Cr ₹4 Cr ₹5 Cr ₹9 Cr ₹4 Cr ₹5 Cr ₹3 Cr ₹6 Cr
EPS ₹1.31 ₹2.87 ₹3.40 ₹5.47 ₹2.81 ₹2.94 ₹1.96 ₹3.52
Industry Peers & Returns1W1M1Y
ICE MAKE REFRIGERATION -6.1% -4.3% 42.8%
KAYNES TECHNOLOGY INDIA -7.5% -9.1% 149%
SYRMA SGS TECHNOLOGY -2.7% -4.2% 64.3%
AVALON TECHNOLOGIES -1.1% -1.3% 37.2%
DCX SYSTEMS -0.5% 3% 76.4%
APOLLO MICRO SYSTEMS -6% -6.9% 219.5%
IKIO LIGHTING -1.7% -4.4% NA
CENTUM ELECTRONICS -5.3% 9.5% 152.6%
WEBSOL ENERGY SYSTEM -4.9% 26.6% 691.8%

ICE MAKE REFRIGERATION Quarterly Revenues

Revenues
Q-o-Q

7.20 %

Y-o-Y

23.63 %

Quarters Revenues % Change
Dec2023 ₹82 Cr
7.20
Sep2023 ₹77 Cr
-2.85
Jun2023 ₹79 Cr
-30.31
Mar2023 ₹114 Cr
70.32
Dec2022 ₹67 Cr
-0.67
Sep2022 ₹67 Cr
3.51
Jun2022 ₹65 Cr
-15.68
Mar2022 ₹77 Cr -

ICE MAKE REFRIGERATION Quarterly Operating Profit

Operating Profit
Q-o-Q

-43.14 %

Y-o-Y

-41.09 %

Quarters Operating Profit % Change
Dec2023 ₹4 Cr
-43.14
Sep2023 ₹8 Cr
-7.31
Jun2023 ₹8 Cr
-32.74
Mar2023 ₹12 Cr
66.17
Dec2022 ₹7 Cr
-0.34
Sep2022 ₹7 Cr
38.33
Jun2022 ₹5 Cr
-38.42
Mar2022 ₹9 Cr -
Operating Margins
Q-o-Q

-46.96 %

Y-o-Y

-52.32 %

Quarters Operating Margin% % Change
Dec2023 5.23%
-46.96
Sep2023 9.86%
-4.55
Jun2023 10.33%
-3.46
Mar2023 10.7%
-2.46
Dec2022 10.97%
0.37
Sep2022 10.93%
33.62
Jun2022 8.18%
-26.96
Mar2022 11.2% -

ICE MAKE REFRIGERATION Quarterly Profit After Tax

Profit After Tax(PAT)
Q-o-Q

-55.10 %

Y-o-Y

-54.48 %

Quarters Profit After Tax % Change
Dec2023 ₹2 Cr
-55.10
Sep2023 ₹4 Cr
-16.18
Jun2023 ₹5 Cr
-37.94
Mar2023 ₹9 Cr
94.88
Dec2022 ₹4 Cr
-4.46
Sep2022 ₹5 Cr
49.76
Jun2022 ₹3 Cr
-44.05
Mar2022 ₹6 Cr -
PAT Margins
Q-o-Q

-58.05 %

Y-o-Y

-63.16 %

Quarters PAT Margin(%) % Change
Dec2023 2.45 %
-58.05
Sep2023 5.84 %
-13.74
Jun2023 6.77 %
-10.92
Mar2023 7.6 %
14.29
Dec2022 6.65 %
-3.76
Sep2022 6.91 %
44.56
Jun2022 4.78 %
-33.61
Mar2022 7.2 % -

ICE MAKE REFRIGERATION Quarterly Earnings Per Share (EPS)

EPS
Q-o-Q

-54.36 %

Y-o-Y

-53.38 %

Quarters EPS % Change
Dec2023 ₹1.31
-54.36
Sep2023 ₹2.87
-15.59
Jun2023 ₹3.4
-37.84
Mar2023 ₹5.47
94.66
Dec2022 ₹2.81
-4.42
Sep2022 ₹2.94
50.00
Jun2022 ₹1.96
-44.32
Mar2022 ₹3.52 -

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