Snowman Logistics celebrates robust financial results, achieving ₹503.37 Crores in revenue and ₹108.32 Crores in EBITDA for the year.
Snowman Logistics concluded an exceptional year with remarkable financial achievements, as highlighted in their recent press release. During the quarter ending March 31, 2024, the company recorded revenue of ₹126.54 Crores, marking a notable increase from ₹112.35 Crores in the corresponding period of the previous year. Similarly, EBITDA surged to ₹29.86 Crores compared to ₹25.56 Crores, though PAT declined to ₹2.15 Crores from ₹5.10 Crores due to a deferred tax asset reversal of ₹4.34 Crores, which didn’t entail a cash outflow.
Annually, Snowman Logistics reported revenue of ₹503.37 Crores, up from ₹417.65 Crores, with EBITDA reaching ₹108.32 Crores, a rise from ₹96.07 Crores. Despite a decrease in PAT to ₹12.71 Crores from ₹13.40 Crores, the company’s leadership remains optimistic about future growth prospects.
Sunil Nair, CEO of Snowman Logistics, expressed satisfaction with the results, emphasising their alignment with strategic plans and anticipating continued growth. He highlighted ongoing construction projects in Kolkata and Lucknow, expected to be operational in Q2 of the current year.
Chairman Prem Kishan Dass Gupta lauded the company’s exceptional performance, attributing it to the burgeoning demand in the cold chain logistics sector and their commitment to quality service. He affirmed Snowman Logistics’ dedication to expansion and investment in infrastructure, ensuring continued leadership in the dynamic industry landscape.
