Snowman Logistics Ltd see robust growth Quarter on Quarter

Quarter Highlights:

  • Revenue increased by 29% compared to the corresponding Quarter last year
  • EBITDA increased by 49% compared to the corresponding Quarter last year

During the Second quarter ended September 30, FY 2018-19, Snowman recorded a revenue of Rs. 57.65 crores as against Rs. 44.82 crores during the corresponding quarter ended September 30, 2017, an increase of 29%. While EBITDA increases by 49 % to Rs. 14.23 crores as compared to Rs. 9.58 crores, PAT increased to Rs. 1.20 crores as against a loss of Rs.3.64 crores during the corresponding quarter.

Commenting on the results, Mr. Prem Kishan Gupta, Chairman, Snowman Logistics Ltd said, “Growth is the key element for us at Snowman. We are constantly upscaling ourselves and expanding our network with a long-term outlook to meet the increasing demand for an end-to-end cold chain logistic service provider. We are confident that this performance is sustainable. Further expansion is currently in the pipeline with new locations being planned”.

Speaking about the quarter performance, Mr. Sunil Nair, CEO, Snowman Logistics Limited said, “We are delivering a sustainable growth at Snowman. In recent years, customers are looking for a wholesome package and as an industry leader we are trying to enhance this experience for our customers. Our focus to shift to year around business have insulated us from seasonal fluctuations. We expect numbers to sustain and grow better.”