Company fully geared to serve cold chain requirements
of Covid19 Vaccination drive
Ice Make Refrigeration Limited (Ice
Make), leading supplier of innovative cooling solutions and manufacturer
of 50 plus refrigeration equipments, has posted total revenue of Rs 30.06
Cr. for Q2FY21.
Despite
ongoing global pandemic challenges, the company’s top line stood marginally up
by 20% as compared to Rs. 25.25 Cr. recorded in the corresponding period of
Q2FY20.
The
standalone and consolidated net profit for this period stood at Rs 1.91 Cr. and
Rs 1.84 Cr. respectively compared to -0.28 Cr. and Rs 0.18 Cr. reported in
Q2FY20.
Company’s Chairman and Managing Director Mr
Chandrakant Patel, said, “This year everyone has faced unprecedented situation
and Ice Make is not an exception to the business challenges posed by Covid-19
health menace.
However, I am happy to inform you that all this
while Ice Make has fully prepared itself to serve the cold storage &
transport requirements of much awaited Covid19 Vaccination drive, with
its End-to-End Cold Chain Solutions for Pharma Industries, Hospitals and Government healthcare departments across
the country.
Ice Make has fully developed capabilities to
provide cold chain solutions right from the point of manufacturing to the point
of administration of Vaccination drive with variable temperature range for
storage and transportation through refrigerated vans.
Ice
Make has setup proactive Cold Chain equipment systems for successful Vaccination
drive. It has formed a task force of senior team members who are coordinating
with the concerning candidates of Vaccine manufacturing in
Other Key Updates
Ø The
standalone and consolidated top line for H1FY21 stood at Rs 47.16 Cr. and Rs
47.74 Cr. respectively in H1FY21.
Ø The
standalone and consolidated net profit for H1FY21 stood at Rs 0.96 Cr. and
Rs0.48 Cr.
respectively in H1FY21.
Ø During
the period company’s EBIDTA margin stood at 8.17 % as compared to 6.74 %
for corresponding period of H1FY20.
Ø Two
years ago in December 2017 Ice Make began its capital market journey with a
record subscription and stellar response to its maiden SME IPO. This year from
12 Oct 2020, the Company has migrated to the main board of NSE -The National
Stock Exchange.
Ø Ice Make has
a basket of 50 plus innovative products and services that are placed in such a
manner and helping the company overcome the prevailing weakness in the overall
market.
Ø For
more updates, the Company will hold Earnings Conference Call to discuss the
H1FY21results on Friday 18 December 2020 at 4.00 PM onwards
Mumbai 15 December 2020
.JPG)
