ICE MAKE receives global honors at the worldwide communication competition

Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, bagged two prestigious awards for demonstrating exemplary communications capabilities. The Company participated in “2017-18 Vision Award Annual Report Competition” hosted by the League of American Communications Professionals LLC (LACP) and has been ranked 27^th among the top 100 annual reports globally. Besides, it was also conferred with Gold Award for excellence within its core industry category.

Commenting on the award Mr. Chandrakant P. Patel, Chairman and Managing Director, Ice Make Refrigeration Limited, said “Ice Make has been in the forefront in producing quality cooling & refrigeration solutions to large number of varied customer needs. The global recognition demonstrates our endeavour towards clear and concise annual report messaging, adding yet another feather in our cap. We take immense pride in being a stakeholder friendly and communication driven organisation and we are really happy to have bagged two separate awards in a competition amongst one of the world’s largest organisations. especially in terms of overall compliance, disclosures, financial reporting and maintaining consistency in quality, performance & communication to the stakeholders”

About LACP

Established in 2001, LACP (League of American Communications Professionals LLC) is a Global forum within the public relations industry that facilitates discussion of best-in-class practices within the profession and recognizes those who demonstrate exemplary communications capabilities. The Vision Awards annual report competition is highly respected and endorsed in the industry. It is the most popular global competition for annual reports, sustainability reports, CSRs, online reports and among others. 2017-18 Vision Awards Annual Report Competition drew one of the largest numbers of submissions ever, representing a broad range of industries and organizational sizes. This year’s event comprised nearly 1,000 organizations including participation of renowned global corporates like Intel, Citigroup, Larsen & Toubro Infotech Ltd., Bajaj Allianz Life Insurance Co. Ltd., Adani Port & Special Economic Zone Ltd., BMW Group, Kia Motors, Piramal Enterprises Ltd., among others, representing upwards of a score of countries. More details are available on https://www.lacp.com/201718vision/competition.htm

Comments

India’s Economic Slowdown: Navigating Challenges with Resilience and how planetary alignments are suggesting an optimistic economic outlook

By Aryan Prem Rana, Founder, VRIGHT PATH GROUP (www.vrightpath.com ) India, the world’s fastest-growing major economy, faces a challenging phase as GDP growth slows. The latest figures show Q2 growth dipping to 5.4%, the lowest in seven quarters. This decline comes as 63 of the Nifty 100 companies miss revenue estimates, raising concerns about underlying economic health. Growth Engines Sputtering The economic slowdown is most pronounced in key sectors: • Manufacturing growth has dropped to 2.2%, a sharp decline from last year’s 14.3%. • Urban consumption, a cornerstone of economic growth, is weakening. Industry stalwarts such as Reliance, HUL, and Maruti have seen market corrections of 15-23%. RBI’s Balanced Approach The Reserve Bank of India (RBI) has responded with measured policies, holding the repo rate steady at 6.5% for the eleventh consecutive meeting. This neutral policy stance balances inflation control with growth needs. In a key liquidity-boosting move, the RBI redu...

IMFA Reports Strong Q2 FY25 Financial Performance Driven by Higher Output and Operational Efficiency

Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading fully integrated producer of ferro alloys, announced robust financial results for the second quarter of FY25, ending on September 30, 2024. Financial Performance Highlights For Q2 FY25, IMFA reported strong standalone financial results: Revenue : ₹691.92 crore EBITDA : ₹175.62 crore, with a margin of 25.38% Profit After Tax (PAT) : ₹132.73 crore, achieving an 18.6% PAT margin Earnings Per Share (EPS) : ₹24.60 (not annualized) Exports : ₹652.97 crore This strong performance underscores IMFA's improved margins and profitability compared to the previous quarter, driven by higher production levels and operational efficiencies. Key figures from the company's half-yearly (H1 FY25) performance also reflect IMFA’s resilience in a challenging market, with a PAT of ₹250.25 crore and revenue totaling ₹1,354.2 crore. Operational Highlights IMFA’s operational metrics for Q2 FY25 demonstrated growth and stability: Ferro Chrome Pr...

ICE Make Reports 21.31% jump in consolidated revenue for Q2 FY2025

Ice Make Refrigeration Limited (NSE: ICEMAKE), a leading innovator in cooling solutions and a prominent manufacturer of over 50 types of refrigeration equipment in India, has announced its financial results for the second quarter (Q2) of the fiscal year 2025, showcasing impressive growth and consistent performance across key financial metrics. Standalone Financial Performance The company reported a notable increase in revenue from operations, reaching ₹101.38 crores in Q2 FY2025. This represents a 21.88% jump compared to ₹83.17 crores in Q1 FY2025 and a significant 34% surge from ₹75.72 crores in Q2 FY2024. Total revenue also followed a similar upward trajectory, standing at ₹101.65 crores, up 21.89% quarter-on-quarter (QoQ) and 33.87% year-over-year (YoY). EBITDA for the quarter was recorded at ₹8.51 crores, marking an impressive 35.08% increase from ₹6.30 crores in the previous quarter and a 10.81% rise compared to ₹7.68 crores in Q2 FY2024. The EBITDA margin improved to 8.37%, ...

Wealth Growth Path

Search This Blog