Bengaluru, 2nd August 2022: During the quarter ended June 30, 2022, Snowman Logistics Ltd recorded revenue of INR. 87.29 Crores as against INR 66.06 Crores for the same period in the previous year. EBITDA increased to INR 21.26 Crores from INR 17.35 Crores for the same period in the previous year and PAT increased to INR 1.89 Crores from INR 0.60 Crores in the corresponding quarter of the previous year.
Speaking about the quarter performance, Mr. Sunil Nair, CEO, Snowman Logistics Limited said, “Most of our strategies have started yielding numbers to us. SnowLink, our technology platform for aggregating transport resources, have shown a promising growth. Similarly, our initiative of going asset light for E-commerce and Dry warehousing for food and pharma requirements have also improved. Price corrections with customers have been positive, as their business come back to pre-covid normal.”
Mr. Prem Kishan Dass Gupta, Chairman, Snowman Logistics Limited commented, “Apart from regular warehousing and transportation, we are now starting to offer a host of integrated solutions to our customers for taking care of all their supply chain needs. With improvement in pricing and growing demand, the Company has been generating very healthy cash flows, and we are happy to declare a dividend for the shareholders.”
About Snowman Logistics Limited
Snowman Logistics is the market leader in integrated temperature-controlled logistics services, catering to the varied cold chain logistical requirements of its clients, on a pan-India basis. With 43 strategically located warehouses, having a total pallet capacity of 1,30,201 across 17 cities including the key markets of Mumbai, Chennai, Bengaluru & Kolkata, Snowman caters to its comprehensive network of reputed clients, which source and consume temperature-sensitive products in bulk amounts. Snowman caters to various services like dairy products including butter and cheese, canned food items, poultry and meat, seafood, healthcare, and pharmaceutical products.