Transportation & Logistics company Snowman Logistics announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue of Rs 143.45 crore as against Rs 124.02 crore for the Q2FY24, registering a growth of 15.66%. EBITDA recorded at Rs 23.10 crore as against Rs 25.54 crore, in the Q2FY24. H1FY25 Financial Highlights: Revenue of Rs 283.67 crore as against Rs 252.79 crore for H1FY24, registering a growth of 12.22%. EBITDA recorded at Rs 47.31 crore against Rs 50.96 crore for the H1FY24. Prem Kishan Dass Gupta, Chairman,, Snowman Logistics, said: “We had a robust Q2 quarter, with double digit revenue growth fueled by strong momentum in our 5PL business. We are pleased to announce the inauguration of our Lucknow warehouse, and our expansion plans continue with more facilities in the pipeline with the goal of expanding our regional footprint and service capabilities. We have a strong demand forecast from the customers, and with ongoing focus on cost optimization, Snowman is set to enhance profitability across our operations.” Result PDF
Transportation & Logistics company Snowman Logistics announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: During the quarter ended March 31, 2024, Snowman Logistics Ltd (“Company”) recorded revenue of Rs 126.54 crore as against Rs 112.35 crore for the same period in the previous year. EBITDA increased to Rs 29.86 crore from Rs 25.56 crore for the same period in the previous year and PAT during the quarter was Rs 2.15 crore as against Rs 5.10 crore in the corresponding quarter of the previous year. FY24 Financial Highlights: On an annual basis, Company recorded revenue of Rs 503.37 crore as against Rs 417.65 crore during the previous year. EBITDA increased to Rs 108.32 crore from Rs 96.07 crore and PAT during the year was Rs 12.71 crore as against Rs 13.40 Crore during the previous year. The reason for decline in PAT is due to the deferred tax asset reversal of Rs 4.34 crore which is not a cash outflow. Speaking about the performance, Sunil Nair, CEO, Snowman Logistics Limited said, "We are happy with the result which is in line with our plans. Surpassing the threshold of Rs 500 crore in revenue and Rs 100 crore in EBTIDA helps us look at larger numbers in the near future. Construction at our Kolkata and Lucknow projects is on track and these facilities are expected to be operational in Q2 of this year." Prem Kishan Dass Gupta, Chairman, Snowman Logistics Limited commented, “I am proud to announce that our company has performed exceptionally well, reflecting the fastgrowing demand in the cold chain logistics industry. Our state-of-the-art infrastructure and exemplary services have established us as the foremost provider in the nation, a distinction consistently acknowledged by our esteemed customers. Moving forward, we are resolutely committed to continued investment in additional locations and the expansion of our network, ensuring our sustained leadership in this dynamic sector.” Result PDF
Snowman Logistics announced Q3FY24 & 9MFY24 results: Q3FY24 Financial Performance - Revenue: Rs 124.05 crore, marking a 13% increase from Rs 109.39 crore in Q3FY23. - EBITDA: Rs 27.50 crore, a 9% rise compared to Rs 25.14 crore in Q3FY23. - PAT: Posted a 14% growth with Rs 4.25 crore, up from Rs 3.74 crore YoY. 9MFY24 Financial Performance - Revenue: Achieved a 23% growth with Rs 376.83 crore versus Rs 305.30 crore for 9MFY23. - EBITDA: Observed an 11% increase, rising to Rs 78.46 crore from Rs 70.51 crore in 9MFY23. - PAT: Elevated by 27%, reaching Rs 10.56 crore compared to Rs 8.30 crore in 9MFY23. Speaking about the performance, Sunil Nair, CEO, Snowman Logistics, said, “In Q3, we typically face a carryover of the lean period from Q2, and this year has been no exception. However, we are pleased to have consistently performed better in both Revenue and EBITDA, and we look forward to a stronger performance in Q4”. Prem Kishan Dass Gupta, Chairman, Snowman Logistics, said, "We are pleased to announce that our new Guwahati location is now operational, which is under an asset-light model. Concurrently, the construction of our new facility in Calcutta is well underway. Our focus on expansion is ongoing as we evaluate new opportunities to increase our capacities, particularly in areas where we are already operating at full capacity and where the market is also experiencing growth, ensuring that we continue to meet the rising demand efficiently." Result PDF