Hyderabad, Feb. 12 -- Ice Make Refrigeration Limited (ICEMAKE), a leading provider of innovative cooling solutions and a prominent manufacturer of over 50 refrigeration equipment in India, on Monday reported that its consolidated net profit in Q3 FY24 declined to Rs 2.01 crore from Rs 4.43 crore in the corresponding period the previous fiscal year despite the impressive revenue growth.
The decline in quarterly consolidated net profit for Q3 FY24 is primarily due to a change in sales mix, some big projects, and a low margin of vertical contribution in the top line, the company said in a release here.
The company's consolidated revenue increased by 23.50 percent to Rs 82.52 crore during the quarter, as against Rs 66.81 crore in the same per...