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Snowman Logistics has announced its financial results for the quarter ended June 30, 2024. The company has recorded a revenue of ₹140.23 crores, reflecting a 9% increase from ₹128.77 crores in the same period last year.
NEW DELHI: Snowman Logistics has announced its financial results for the quarter ended June 30, 2024. The company has recorded a revenue of ₹140.23 crores, reflecting a 9% increase from ₹128.77 crores in the same period last year.
EBITDA for the quarter stood at ₹24.21 crores, slightly down from ₹25.42 crores in the corresponding quarter of the previous year. Meanwhile, PAT was reported at ₹1.79 crores, a decrease from ₹3.38 crores year-on-year (YoY).
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In the board meeting held on 8th August 2024, Snowman Logistics’ Board of Directors approved the declaration of the first interim dividend of ₹1 per equity share for FY 2024-25.
Commenting on the company’s performance, Sunil Nair, CEO and Whole Time Director of Snowman Logistics, stated, “I am pleased with our consistent revenue generation, which aligns with our expectations. Our projects in Lucknow and Kolkata are nearing completion and are expected to be operational in Q2 and Q3, respectively. Additionally, we plan to deploy 35 new trucks in Q3.”
Prem Kishan Dass Gupta, Chairman of Snowman Logistics, added, “The cold chain industry is experiencing significant growth as customers seek organized players with high-quality infrastructure. Our company is well-positioned to capitalize on this trend, as demonstrated by our performance. We are currently in an expansion phase and will continue to grow our network of warehouses.”
Snowman Logistics is a leading integrated temperature-controlled logistics service provider in India. They specialize in providing warehousing, distribution, and other value-added services across the country. Here are some key points about the company.
Snowman offers ambient, chilled, frozen, and blast-freezing warehousing solutions. Their services cater to various sectors, including dairy, fruits and vegetables, poultry and meat, seafood, and pharmaceuticals.
They operate on a pan-India basis, with temperature-controlled warehouses strategically located near cities with high demand for temperature-sensitive products.
