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HomePosts Tagged "Snowman Logistics"
Company News, India, Logistics, People, Supply Chain

Balakrishna joined Snowman Logistics in 2020 as their Financial Controller and he succeeds Snowman Logistics Ex-CFO, A M Sundar.

Snowman Logistics, India’s leading cold chain, and integrated temperature-controlled logistics service provider has recently appointed N Balakrishna as the company’s new Chief Financial Officer (CFO).

Balakrishna joined Snowman Logistics in 2020 as their Financial Controller and he succeeds Snowman Logistics Ex-CFO, A M Sundar. “I am excited to take this new position at Snowman Logistics and help drive the company’s financial strategy,” said N Balakrishna.

N Balakrishna brings over 12 years of experience in finance and accounts, including leadership roles in both public and private companies. He has a proven track record of driving financial growth and improving operational efficiency. In his new role, Balakrishna will be responsible for the company’s overall financial strategy and he is slated to work closely with the executive team to drive financial performance and growth,.

Balakrishna is also a member of the Indian Institute of Chartered Accountants. In the past, he has worked with some of the leading companies, including Deloitte, Pennar Industries Ltd, and Etisalat Group in the UAE, among others. Snowman Logistics is a leading Indian integrated temperature-controlled logistics services provider, having a total pallet capacity of 1,29,924 across 17 cities with 43 strategically located warehouses.

Balakrishna joined Snowman Logistics in 2020 as

Company News, Finance, India, Logistics, Supply Chain

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.

Profit After Tax (PAT) increased to Rs

Agrotech, India, Logistics, Supply Chain

First cold chain logistics company to offer fifth-party logistics services in India

Snowman Logistics, a group company of Gateway Distriparks, has announced the launch of Fifth-Party Logistics or 5PL services in India. The need for 5PL services has grown incrementally in the last couple of years due to the development of e-commerce businesses, the rise in international trade activities, and the increased complexities in the supply chain. The post-pandemic rises in the ready-to-eat and ready-to-cook food categories is also a major reason for the boost in the 5PL service segment in this sector.

Leveraging this growth, Snowman Logistics now provides distribution and consolidation services, including sourcing on behalf of its customers, in addition to the existing bouquet of 3PL services of transportation and warehousing.

Commenting on the launch of the 5PL service, Sunil Nair, CEO of Snowman Logistics, says, “The launch of 5PL services has opened up a huge opportunity for us to convert our existing 3PL accounts to 5PL accounts. Being the industry leader in cold chain and integrated solutions for the last three decades, this is a win-win situation for us and our customers. By using our expertise, the network of suppliers and customers and offering distribution and consolidation services in addition to our existing solutions, we are now offering one-stop distribution services, right from the manufacturing plant to the consumption points through which we are able to add further value and enhance earnings from our existing businesses without needing to invest in infrastructure. We have already started offering this service to IKEA, Tim Hortons and Baskin Robbins and are targeting aggressive growth in this segment.”

First cold chain logistics company to offer

Finance, Logistics

The company posts EBITDA of Rs 19 crore

Snowman Logistics recorded revenue of Rs 73.40 crore against Rs 60.18 crore in Q3 FY20-21. The EBITDA increased by 11 per cent to Rs 19.40 crore from Rs 17.45 crore in the corresponding quarter of the previous year. PBT decreased to Rs 1.05 crore from Rs 1.42 crore in the corresponding quarter of the previous year and PAT decreased to Rs 0.83 crore in the current quarter from ₹1.42 crore in the same period in the previous year.

The company posts EBITDA of Rs 19