Ice Make Refrigeration Q2 Results FY27 Preview: Results Date, Expectations and the Numbers That Will Decide the September 2026 Quarter

The Ice Make Refrigeration Q2 results FY27 announcement is the next scheduled earnings event for Ice Make Refrigeration Ltd., an Ahmedabad based maker of commercial and industrial refrigeration equipment, including cold rooms, blast freezers, refrigerated transport bodies and display cabinets for food, dairy and pharmaceutical customers. The stock traded at Rs 733.00 on the NSE on 10 September 2026, down 0.21% from the previous close of Rs 734.55, about 34.5% below its 52-week high of Rs 1,119.00 and 21.3% above its 52-week low of Rs 604.05.

What makes the Ice Make Refrigeration Q2 results print worth watching is the base it faces. The September 2025 quarter delivered Rs 147.49 crore of revenue and a profit of Rs 2.03 crore, while the most recent quarter on record, Q1 FY27, produced Rs 178.88 crore and a loss of Rs 1.66 crore. Everything below is built from those reported figures rather than from any forecast.

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When Is the Ice Make Refrigeration Q2 Results FY27 Date?

The Ice Make Refrigeration Q2 results date for FY27 is not confirmed. As of 10 September 2026, Ice Make Refrigeration Ltd. had not filed a board meeting intimation with the NSE or BSE for the September 2026 quarter, so any date circulating before that filing appears should be treated as unverified.

What can be stated is the regulatory boundary. Listed companies in India must publish quarterly results within 45 days of the end of the quarter, which places the outer deadline for the September 2026 quarter at 14 November 2026. Companies also have to give the exchanges prior intimation of the board meeting that approves the results, so the Ice Make Refrigeration Q2 results date becomes public through that filing rather than through any advance announcement.

The Ice Make Refrigeration Q2 results FY27 print covers 1 July 2026 to 30 September 2026. Small and mid-cap companies more often report in the second half of that window than in the first, so late October or early November is the range to watch for Ice Make Refrigeration.

Ice Make Refrigeration Q2 Results Expectations: What the Market Is Actually Tracking

No verified analyst estimate for the Ice Make Refrigeration Q2 results FY27 quarter is in the public domain, so no revenue or profit figure should be assumed for Ice Make Refrigeration. The Ice Make Refrigeration Q2 results watchlist below is built from what the company has actually reported and disclosed.

The first is revenue, which was Rs 147.49 crore in September 2025 against Rs 178.88 crore in Q1 FY27, a gap of about 21%. March 2026 stands apart at Rs 255.85 crore, roughly two-thirds above the quarter before it.

The second is the operating margin, which was 6.52% in September 2025 and 1.67% in Q1 FY27. That June 2026 reading is the lowest in the thirteen quarters on record, and it came on sales that were 60% above the year-ago June quarter.

The third is what sits below the operating line. In June 2026 operating profit of Rs 2.98 crore was set against interest of Rs 3.27 crore and depreciation of Rs 2.05 crore, which is why a quarter with positive operating profit ended in a Rs 1.66 crore net loss.

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Ice Make Refrigeration Q2 Results Preview: The Q1 FY27 Actuals It Builds On

Ice Make Refrigeration Ltd. reported revenue of Rs 178.88 crore in Q1 FY27, up 60.43% from Rs 111.50 crore in Q1 FY26, and a loss of Rs 1.66 crore at the net level, a wider loss than the Rs 1.47 crore loss of Q1 FY26. These are reported actuals, not estimates.

Sequentially, revenue was down 30.08% over the March 2026 quarter figure of Rs 255.85 crore, and net profit was a swing from a profit of Rs 10.12 crore in Q4 FY26 to a loss of Rs 1.66 crore. Operating margin stood at 1.67% in Q1 FY27 against 6.52% in the September 2025 quarter, which is the comparison the Ice Make Refrigeration Q2 results print will be read against.

Q2 FY26 Base: The Comparison Ice Make Refrigeration Q2 Results FY27 Must Beat

Ice Make Refrigeration Ltd. reported revenue of Rs 147.49 crore and a profit of Rs 2.03 crore in Q2 FY26, the September 2025 quarter. That is the year-ago base against which the September 2026 numbers will be judged, and it is the single most useful figure in this Ice Make Refrigeration Q2 results preview.

Because the base quarter itself was loss-making, a year-on-year percentage comparison of profit is not meaningful for Ice Make Refrigeration. The more useful test in the Ice Make Refrigeration Q2 results print is whether the company reports a profit at all, and how the income line of Rs 147.49 crore compares with the Rs 178.88 crore of the June 2026 quarter.

Ice Make Refrigeration Quarterly Results Trend Over the Last Four Quarters

Quarter	Revenue (Rs Cr)	Net Profit (Rs Cr)
Q2 FY26 (Sep 2025)	147.49	2.03
Q3 FY26 (Dec 2025)	153.36	1.45
Q4 FY26 (Mar 2026)	255.85	10.12
Q1 FY27 (Jun 2026)	178.88	(1.66)

Figures in brackets denote negative numbers. All four quarters above are reported actuals taken from the company's exchange filings, and they are the only basis this Ice Make Refrigeration Q2 results preview uses.

Revenue across those four quarters ranged from Rs 147.49 crore to Rs 255.85 crore, and net profit from Rs 1.66 crore loss to Rs 10.12 crore. That spread is the honest context for the Ice Make Refrigeration Q2 results FY27 print, and it is why a single quarter should not be read as a trend on its own.

Key Factors That Could Shape Ice Make Refrigeration Q2 Results FY27

The Ice Make Refrigeration Q2 results outcome will turn on a small number of company-specific variables rather than on broad market conditions. The three below are the ones visible in what Ice Make Refrigeration has already reported.

The March Quarter Carries the Year

Cold storage and refrigerated transport orders are placed ahead of the Indian summer, so the January to March quarter is when installations are completed and revenue is booked. March 2026 delivered Rs 10.12 crore of the year's net profit on its own.

Interest and Depreciation Have Stepped Up

Interest rose from Rs 2.29 crore in June 2025 to Rs 3.27 crore in June 2026, against Rs 0.45 crore two years earlier, and depreciation roughly quadrupled over the same span. Capacity has been added and the cost of it is now in the statement.

Borrowings Exceed Net Worth

Borrowings of Rs 158 crore sit against equity capital of Rs 16 crore and reserves of Rs 117 crore, a debt to equity ratio of 1.19. A price to earnings ratio of 96.61 on trailing earnings per share of Rs 7.59 reflects a depressed earnings base that includes both June loss quarters.

Ice Make Refrigeration Q2 Results FY27: Share Price and Valuation Going Into the Print

Ice Make Refrigeration share price today is Rs 733.00 on the NSE, down Rs 1.55 or 0.21% from the previous close of Rs 734.55 on 10 September 2026, ahead of the Ice Make Refrigeration Q2 results announcement.

Metric	Value (10 September 2026)
NSE Symbol	ICEMAKE
Current Market Price	Rs 733.00
52-Week High	Rs 1,119.00
52-Week Low	Rs 604.05
Market Capitalisation	Rs 1,156 crore
PE Ratio	96.61
PB Ratio	8.70
EPS (TTM)	Rs 7.59
Book Value per Share	Rs 84.30
Debt to Equity	1.19
Return on Equity	9.49%
50-Day Moving Average	Rs 780.54
200-Day Moving Average	Rs 771.76
RSI (14)	51.92

The stock trades below both its 50-day average of Rs 780.54 and its 200-day average of Rs 771.76, with a 14-day RSI of 51.92. None of this is a view on where the shares go once the Ice Make Refrigeration Q2 results are announced, and no price target is offered here.

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What Investors Should Watch When Ice Make Refrigeration Q2 Results Are Announced

Four lines carry most of the information in a company of this size, and reading them in order keeps the Ice Make Refrigeration Q2 results print in proportion.

1. Revenue against the Rs 147.49 crore reported in the September 2025 base quarter
2. Net profit against a profit of Rs 2.03 crore in that same quarter
3. Operating margin against 1.67% in Q1 FY27
4. Any exceptional item, provision or one-off gain disclosed alongside the numbers

A one-off gain or provision can move the reported profit far more than operations do in a company this size, which is why the Ice Make Refrigeration Q2 results announcement should be read together with the notes to the results rather than the headline alone.

Conclusion on Ice Make Refrigeration Q2 Results FY27

The Ice Make Refrigeration Q2 results date is not confirmed, and 14 November 2026 is the statutory outer limit rather than an expected date. Ice Make Refrigeration Ltd. will make the schedule public through a board meeting intimation to the exchanges, and until then the September 2026 quarter can only be framed by what has already been reported.

On that basis the Ice Make Refrigeration Q2 results FY27 print faces a base of Rs 147.49 crore in revenue and a profit of Rs 2.03 crore, with the most recent quarter having delivered Rs 178.88 crore and a loss of Rs 1.66 crore. No numerical estimate appears in this preview because no verified consensus figure exists for Ice Make Refrigeration, and readers should treat any preview that supplies one with caution. Verify every figure against the company filing on release and consult a SEBI-registered advisor before acting on quarterly earnings.

FAQs on Ice Make Refrigeration Q2 Results FY27

What is the Ice Make Refrigeration Q2 results date for FY27?

Ans. The Ice Make Refrigeration Q2 results date for FY27 is not confirmed. Ice Make Refrigeration Ltd. had not filed a board meeting intimation with the NSE or BSE as of 10 September 2026. Indian listing rules require the September 2026 quarter results to be published by 14 November 2026 at the latest.

What quarter do the Ice Make Refrigeration Q2 results 2026 cover?

Ans. The Ice Make Refrigeration Q2 results FY27 cover 1 July 2026 to 30 September 2026, known as the September 2026 quarter. Ice Make Refrigeration Ltd. reports revenue, operating profit and net profit for that period, and the Ice Make Refrigeration Q2 results filing also carries the notes to the accounts.

What were the Ice Make Refrigeration Q1 FY27 results?

Ans. Ice Make Refrigeration Ltd. reported revenue of Rs 178.88 crore in Q1 FY27 and a loss of Rs 1.66 crore at the net level. Revenue was up 60.43% versus Q1 FY26 and net profit was a wider loss than the Rs 1.47 crore loss of Q1 FY26.

What were Ice Make Refrigeration Q2 FY26 results in the September 2025 quarter?

Ans. Ice Make Refrigeration Ltd. reported revenue of Rs 147.49 crore and a profit of Rs 2.03 crore in Q2 FY26. Operating margin was 6.52%. Those figures form the base for the Ice Make Refrigeration Q2 results FY27 comparison.

What are the main Ice Make Refrigeration Q2 results expectations this quarter?

Ans. No verified analyst estimate is publicly available. The Ice Make Refrigeration Q2 results expectations centre on revenue against the Rs 147.49 crore base, net profit against a profit of Rs 2.03 crore, operating margin against 1.67% in Q1 FY27, and any exceptional item disclosed with the numbers.

What is Ice Make Refrigeration share price today ahead of the Q2 earnings?

Ans. Ice Make Refrigeration share price is Rs 733.00 on the NSE as of 10 September 2026, down 0.21% from Rs 734.55. The stock is about 34.5% below its 52-week high of Rs 1,119.00 and 21.3% above its 52-week low of Rs 604.05, at a market capitalisation of Rs 1,156 crore.

Is Ice Make Refrigeration a good stock to buy before the Q2 results?

Ans. This article does not offer a buy, sell or hold recommendation on Ice Make Refrigeration Ltd. The stock trades at a price-to-book ratio of 8.70 with a return on equity of 9.49%. Assess the reported numbers when they are released and consult a SEBI-registered financial advisor before making any decision.