Snowman Logistics records revenue at Rs286.17 crore in FY22

27 Apr 2022 , 02:21 PM

During the quarter ended March 31, 2022, Snowman Logistics Ltd recorded revenue of Rs. 76.63 Crores as against Rs 64.11 Crores for the same period in the previous year. EBITDA increased to Rs 18.00 Crores from Rs 17.80 Crores for the same period in the previous year and PAT increased to Rs (0.22) Crores from Rs (0.42) Crores in the corresponding quarter of the previous year.

On an annual basis, revenue during 2021-22 was Rs 286.17 Crores as against Rs 237.10 Crores during the previous year. EBITDA increased to Rs 73.79 Crores from Rs 68.47 Crores and PAT increased to Rs 1.68 Crores from Rs 0.06 Crore during the previous year.

Speaking about the quarter performance, Mr. Sunil Nair, CEO, Snowman Logistics Limited said, “After the Covid impact, most of our customer business have resumed to pre covid volume.  We are happy that it has aligned well with our growth strategy.  We are happy with the results, particularly knowing that the commissioning of our Siliguri and Coimbatore were unfortunately delayed due to Covid.  We see good growth potential in our transport aggregation tech-platform and we will continue to focus on it for the coming year.”

Mr. Prem Kishan Dass Gupta, Chairman, Snowman Logistics Limited commented, “During this year, we have been able to increase our capacities in both existing and new locations, and the launch of SnowLink has been very successful. Going ahead, we will be focusing on dedicated warehousing in both the dry and chilled/frozen segments where we are seeing very high demand for quality service providers.”