DBT Bureau
Bhubaneswar, 9 August 2024
During the quarter ended June 30, 2024, Snowman Logistics Ltd reported revenue of Rs 140.23 crores, up from Rs 128.77 crores for the same period last year, marking a growth of 9%. EBITDA for the quarter was Rs 24.21 crores, compared to Rs 25.42 crores in the previous year’s corresponding quarter, while PAT decreased to Rs 1.79 crores from Rs 3.38 crores in the same period last year.
Under the approval of the Board of Directors in their meeting held on 8th August 2024, the Company has declared the first interim dividend of Rs.1 per equity share for the FY 2024- 25.
Speaking about the performance, 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.”
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.”
