Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

SNOWMAN LOGISTICS Limited announces profitable Q4 results

Posted On: 2018-05-15 17:48:28

For the quarter ended March 31, 2018, Snowman Logistics Ltd recorded revenue of INR. 51.82 Crores as against INR. 44.57 Crores for the same period in the previous year, registering a 16% growth. While EBITDA increased to INR. 12.55 Crores from INR. 6.13 Crores registering a 105% growth for the same period in the previous year, PBT increased to INR. 3.15 Crores from a loss of INR. 7.19 Crores in the corresponding quarter of the previous year registering a positive growth of 144%.

On an annual basis, sales during 2017-18 was INR. 194 Crores as against to INR. 189 Crores during the previous year. PBIT increased to INR. 8.30 Crores from INR.1.42 Crores, registering a growth of 685%, while PBT for the year was a loss of INR 3.56 Crores as against a loss of INR. 15.48 Crores during FY17.

Commenting on the result, the Chairman Mr. Prem Kishan Gupta said, "During the year 2017-18, The Company further consolidated its position as market leader with the addition of a new warehouse at Krishnapatnam. The initiatives undertaken in the previous year to strengthen the business model bore results in the current year with the company posting profits at PAT level during the second half. The robust growth plans projected by key customers has necessitated a need for more cold storage and distribution capacity which the Company plans to address by further expanding in the coming years."

Commenting on the result, Sunil Nair, CEO, Snowman Logistics said, "I am thankful to my customers and team who have stood by us during the challenging time last year. We have overcome the challenges faced during the previous year arisen from demonetization and the implementation of GST. We were one of the first ones who successfully implemented GST and Eway Bill process. And now we are back on the growth path. The coming year is expected to be exciting with strong growth numbers projected resultant a strong consumption. We have moved a step ahead by offering our clients integrated operations with services such as Customs clearance, empty container procurement and port pickup & delivery at the same location. Our focus on cost optimisation and improving utilisation continues. With the addition of the Krishnapatnam warehouse, our total pallet capacity has gone up to 1, 06,964 pallets, thus, further strengthening the Company's position as a market leader in the industry."

Shares of Snowman Logistics Ltd was last trading in BSE at Rs.50.15 as compared to the previous close of Rs. 52.8. The total number of shares traded during the day was 107269 in over 947 trades.

The stock hit an intraday high of Rs. 52.25 and intraday low of 49.5. The net turnover during the day was Rs. 5467282.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

NBCC India Ltd secures business of Rs. 921.67 crore in August 2018

G E Shipping takes delivery of Secondhand Very Large Gas Carrier 'Jag Vasant'

RBI allows Rana Kapoor to continue as MD & CEO of YES Bank till Jan 31, 2019

Asian Paints Ltd announces sad demise of Shri Ashwin Choksi

CCI imposes penalty of Rs. 12.35 crore to Bajaj Hindusthan Sugar Ltd

Blue Coast Hotels Ltd hands over possession of Goa hotel to ITC

Shankara Building Products Limited opens its 134th Store

Allahabad Bank to raise Rs. 1500 crore through QIP in 2018-19

Manali Petrochemicals Ltd to commence supply of new products from Sep 19, 2018

HPL Electric Participates in 12th edition of 'Renewable Energy India Expo 2018'

Vaibhav Global Ltd allots 1666 shares

Kanpur Plastipack Ltd extends date for payment of final call money

Newgen Software Technologies Ltd signs agreement with HP for supply of software licences

Raghav Productivity Enhancers Ltd bestowed with Rajasthan Udyog Ratan Award 2018

Varroc Engineering arm forms JV with ELBA SA

Nucleus Software's lending software goes live at VietCredit Finance Joint-Stock Company

Glenmark Pharmaceuticals inducted into the DJSI Emerging Market 2018

HFCL bags purchase order worth Rs. 611 crore from BSNL

26 young people with type 1 diabetes successfully surmount 13,000 feet in 'India's 2nd T1D Challenge 2018'

TVS Motor Company strengthens its presence in Mexico

Brand Idea urges people for 'Responsible Use of Social Media' through the latest #MeriRealLife campaign

Bharti Foundation expands Quality Support Program to Karnataka

Ambuja Cement among the top 5 in global DJSI ranking-2018

Dish TV: D2H brand increases focus on South, launches new customer awareness TVC

Tata Steel Limited completes the acquisition of 51% equity stake in Creative Port Development Private Limited

Clariant Chemicals India Ltd updates on announcement from holding company

Lupin appoints Alok Sonig as CEO - US Generics and Global Head - Generics R&D & Biosimilars

KIOCL Ltd approves buyback of 1,25,88,235 equity shares at Rs. 170

IL&FS Transportation Networks Ltd arm gets claim from NHAI

Vyapar Industries Ltd approves sale of part investment in Beneficent Knowledge Parks & Properties Ltd

TI Financial Holdings Limited to change name

NIIT Technologies introduces Chain-m, a Blockchain powered solution for Airlines and its partners

Steel Strips Wheels Ltd announces resignation of CFO

RITES Ltd secures additional turnkey contract work for Rs. 436 crore

Sun Pharma announces receipt of European Commission approval for ILUMETRI® by Almirall

Tata iQ Selects TCS Jile™ to Drive Agile Transformation

ICICI Prudential Life and Saraswat Co-operative Bank sign bancassurance partnership

Woodpecker Distilleries & Breweries Private Ltd. launches Blackfort Lager Beer

DAC Approves Procurement of Equipment Worth Rs 9,100 Crores

ITI Limited Conferred with National Safety Awards

Future Market Networks Ltd completes acquisition of 50% in Future Retail Destination Ltd

Strides Pharma Science Ltd updates on USFDA inspection at Bangalore facility

Lime Chemicals Ltd appoints company secretary

Indian Hume Pipe Company Ltd receives LoA for Rs. 221.72 crore order

PNC Triveni Sangam Highways Pvt Ltd achieves financial closure

Financial Creditors initiate CIRP against Pratibha Industries Ltd

Bank of Baroda confirms intimation received on merger of Vijaya Bank and Dena Bank

L&T Construction Wins Orders Valued Rs. 2048 Crore

TVS NTORQ 125 crosses 1 lakh sales mark, launches new Metallic Red colour

Infosys updates on arbitration with former CFO Rajiv Bansal





Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018