Snowman Logistics Ltd Revenue jumps 19% YoY to Rs 59.34 Crore

Quarter Highlights:

  • Revenue up by 19% compared to corresponding Quarter last year
  • EBITDA increased by 10% compared to corresponding Quarter last year
  • PAT increased by 774% compared to corresponding Quarter last year

During the third quarter ended December 31, FY 2018-19, Snowman recorded a revenue of Rs. 59.34 crores as against Rs. 49.81 crores during the corresponding quarter ended December 31, 2017, an increase of 19%. While EBITDA increases by 10% to Rs. 14.39 crores as compared to Rs.13.11 crores during the corresponding quarter, PAT increased to Rs.2.35 crores as against Rs.0.27 crores during the corresponding quarter, an increase of 774% in profit.

Commenting on the results, Mr. Prem Kishan Gupta, Chairman, Snowman Logistics Ltd said, “The turnaround witnessed in the performance of the Company since the 3rd Quarter of the last year continues, with the company reporting QOQ growth in sales and profits for the fifth straight quarter. While continued improvement in the performance of the existing facilities is evident, the Company is also on track to expand capacities at select locations in the near future.”

Speaking about the quarter performance, Mr. Sunil Nair, CEO, Snowman Logistics Limited said, “we are glad that we have put majority of the capacity to use and demonstrated continuous growth in revenue and profit.  We were successful in creating a lot of value-add service models and are exploring the same with many clients.  We will continue to work on various opportunities available to improve our performance.”