Snowman Logistics’ revenue up 9 percent to INR 140.23 crores.
Snowman Logistics reported a 9 percent increase in revenue for the quarter ending June 30, 2024, reaching INR 140.23 crores compared to INR 128.77 crores in the same period last year. Despite this revenue growth, EBITDA slightly decreased to INR 24.21 crores from INR 25.42 crores, and PAT fell to INR 1.79 crores from INR 3.38 crores year-over-year.
Following the Board of Directors’ meeting on August 8, 2024, the company declared a first interim dividend of INR 1 per equity share for FY 2024-25.
CEO and Whole Time Director Sunil Nair expressed satisfaction with the revenue performance, noting that projects in Lucknow and Kolkata are nearing completion, expected to be operational in Q2 and Q3, respectively. Additionally, 35 new trucks will be operational in Q3.
Chairman Prem Kishan Dass Gupta highlighted the growing demand in the cold chain industry and Snowman Logistics’ readiness to meet this demand with its expanding network and high-quality infrastructure.
