Snowman Logistics posts Rs 70 Cr revenue in Q2 Fy20-21

EBITDA increased by 25 per cent to Rs 19 crore from Rs 15 crore

Snowman Logistics has registered a revenue of Rs 70 crores against Rs 57 crores in Q2 FY20-21. EBITDA increased by 25 per cent to Rs 19 crore from Rs 15 crore in the corresponding quarter of the previous year. PBT increased to Rs 2.01 crore from Rs (1.73) crore in the corresponding quarter of the previous year and PAT increased to Rs 0.47 crore in the current quarter from Rs (1.73) crore in the same period in the previous year.

Sunil Nair, CEO, Snowman Logistics, said, “Our expansions in Siliguri and Mumbai are commissioned. Our SnowLink Technology platform (transport aggregation model) has also picked up well. We are happy that we have been able to sustain the improved performance shown during the last quarter.”

Prem Kishan Dass Gupta, Chairman, Snowman Logistics, commented, “The next facility at Coimbatore will also be operational in this quarter, after which we will be embarking on our next phase of expansion where we will be setting up operations in new locations as well as increasing capacities in some of the existing locations.”