Ice Make Refrigeration Reports 60% Revenue Growth Despite Quarterly Loss

Ice Make Refrigeration Solutions, which provides logistics and commercial refrigeration solutions, has announced its financial results for the quarter ended June. The company recorded revenue of Rs 178.88 crore during the quarter, marking a 60% increase compared with the Rs 111.50 crore revenue reported in the same quarter last year.

Despite the strong growth in revenue, the company reported a loss of Rs 1.65 crore for the quarter. The latest results highlight a significant improvement in the company’s top-line performance, while profitability remains an area to watch in the coming quarters.