Snowman Logistics sees strong growth in Q2, driven by its expanding 5PL services.
Snowman Logistics reported a revenue increase of 15.66 percent in the second quarter of FY 2024-25, reaching INR 143.45 crore compared to INR 124.02 crore in Q2 last year. Despite this growth, the company’s EBITDA for the quarter was INR 23.10 crore, slightly lower than INR 25.54 crore recorded in the same period last year.
For the first half of the fiscal year, Snowman’s revenue rose 12.22 percent year-over-year, totaling INR 283.67 crore compared to INR 252.79 crore previously. EBITDA for the six months was INR 47.31 crore, down from INR 50.96 crore.
Commenting on the results, Chairman Prem Kishan Dass Gupta highlighted the company’s growth in its 5PL segment and emphasised its expansion, including the recent opening of a warehouse in Lucknow. Snowman plans to continue expanding its facilities to enhance its service reach and operational efficiency, with an optimistic outlook on demand and profitability.
