Snowman Logistics Ltd ends FY 2021-22 on a positive note

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

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

Shares of Snowman Logistics Limited was last trading in BSE at Rs. 38.20 as compared to the previous close of Rs. 37.55. The total number of shares traded during the day was 229929 in over 1700 trades.

The stock hit an intraday high of Rs. 38.85 and intraday low of 36.85. The net turnover during the day was Rs. 8769025.00.

Source : Equity Bulls

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SnowmanLogistics INE734N01019 Q4FY22 FY2022 ResultUpdate