Snowman Logistics registers 9% growth in revenue in the first quarter of FY 2024-25

During the quarter ended June 30, 2024, the recorded during the quarter ended June 30, 2024, Snowman Logistics Ltd recorded revenue of INR 140.23 Crores as against INR 128.77 Crores for the same period in the previous year, registering a growth of 9%. EBITDA recorded at INR 24.21 Crores as against INR 25.42 Crores, in the corresponding quarter of the previous year and PAT recorded at INR 1.79 Crores as against INR 3.38 Crores in the corresponding quarter of the previous year.

Pursuant to the approval by the Board of Directors in their meeting held on 8th August 2024, the Company has declared first interim dividend of Rs.1 per equity share for the FY 2024-25.

Speaking about the performance, Mr. Sunil Nair, CEO & Whole Time Director at Snowman Logistics Limited said, "I am happy that we had consistent performance in generating revenue, and as per expectations. Our projects at Lucknow and Kolkata are almost at the finishing stage and should be functional in Q2 and Q3 respectively. At the same time, we will be making 35 new trucks operational in Q3."

Mr. Prem Kishan Dass Gupta, Chairman at Snowman Logistics Limited commented, "The cold chain industry is gaining a lot of traction as customers are looking for organized players with high-quality infrastructure, and we are well positioned to capture this growth as is evidenced by the performance of the company. We are in an expansion phase and will continue growing our network of warehouses."

Shares of Snowman Logistics Limited was last trading in BSE at Rs. 82.34 as compared to the previous close of Rs. 78.60. The total number of shares traded during the day was 919095 in over 8323 trades.

The stock hit an intraday high of Rs. 87.29 and intraday low of 77.79. The net turnover during the day was Rs. 77614114.00.

Source : Equity Bulls

Keywords

SnowmanLogistics INE734N01019 Q1FY25 Q1FY2025 FY2025 ResultUpdate