ICE Make Q2 top-line grows 20 pc to Rs 30.06 cr

Pune, Apr 11 (Representative) The Ice Make Refrigeration Limited (Ice Make), one of leading suppliers of innovative cooling solutions and manufacturers of 50 plus refrigeration equipment, has posted total revenue of Rs 30.06 crore for second quarter of Finanical Year 2021, up by 20 per cent as compared to Rs 25.25 crore recorded in the corresponding period of Q2FY20, despite ongoing global pandemic challenges.

The standalone and consolidated net profit for this period stood at Rs 1.91 crore and Rs 1.84 crore respectively, as compared to net loss of Rs 0.28 crore and net profit of Rs 0.18 crore reported in Q2FY20, the company said in a release here on Saturday. Commenting on the rise in total revenue and net profit, company’s chairman and managing director Chandrakant Patel was quoted as saying in the release, “Ice Make has performed much better despite huge challenges posed by ongoing Covid-19 global pandemic. We are setting up a proactive “End-To-End Cold Chain Systems” for pharma industries, hospitals, procurement agencies and government healthcare system.

The company is fully geared to tap opportunities and provide the cold chain solutions to healthcare stakeholders for the much-awaited Covid-19 vaccination drive, across the country. Similarly, the company’s standalone and consolidated revenue for half-year FY21 stood at Rs 47.16 crore and Rs 47.74 crore respectively. While, the standalone and consolidated net profit for H1FY21 stood at Rs 0.96 crore and Rs 0.48 crore, respectively, in H1FY21 During the period, company’s EBIDTA margin stood at 8.17 per cent, as compared to 6.74 per cent for corresponding period of H1FY20, the release added.