Profit After Tax (PAT) increased to Rs 3.74 Crores in Q3 FY22-23 from Rs 0.83 Crore in the corresponding quarter of the previous year.
Snowman Logistics records 49 per cent growth in revenue in third quarter of FY22-23 EBITDA increased to Rs 25.14 Crores from Rs 19.40 Crores, registering a 30 per cent growth for the same period in the previous year and PAT increased to Rs 3.74 Crores from Rs 0.83 Crore in the corresponding quarter of the previous year.
During the quarter that ended December 31, 2022, Snowman Logistics Ltd recorded revenue of Rs 109.39 Crores as against Rs 73.40 Crores for the same period in the previous year, registering a growth of 49 per cent.
EBITDA increased to Rs 25.14 Crores from Rs 19.40 Crores, registering a 30 per cent growth for the same period in the previous year and PAT increased to Rs 3.74 Crores from Rs 0.83 Crore in the corresponding quarter of the previous year.
Speaking about the quarter’s performance, Sunil Nair, CEO, of Snowman Logistics Limited said, “We expect to continue the momentum and grow from here. Our efforts towards offering services and solutions to complex and challenging operations are gaining traction and we hope to add some new businesses to our kitty soon.”
Snowman Logistics is a leading player 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 1,29,924 across 17 cities including the key markets of Mumbai, Chennai, Bengaluru, and Kolkata, Snowman caters to various services and segments like dairy products including butter and cheese, canned food items, poultry, and meat, seafood, healthcare, and pharmaceutical products.
