Snowman Logistics closes FY22-23 on a positive note. Records annual revenue of INR 417.65 crores

Mumbai, May 2023: During the quarter ended March 31, 2023, Snowman Logistics Ltd(“Company”) recorded revenue of INR. 112.35 Crores as towards INR 76.63 Crores for a similar interval within the earlier 12 months. EBITDA elevated to INR 25.56 Crores from INR 18.00 Crores for a similar interval within the earlier 12 months and PAT elevated to INR 5.10 Crores from INR (0.22) Crores within the corresponding quarter of the earlier 12 months.

On an annual foundation, the Company recorded revenue of INR 417.65 Crores as towards INR 286.17 Crores through the earlier 12 months. EBITDA elevated to INR 96.07 Crores from INR 73.79 Crores and PAT elevated to INR 13.40 Crores from INR 1.68 Crores through the earlier 12 months.

Speaking in regards to the efficiency, Mr. Sunil Nair, CEO, of Snowman Logistics Limited mentioned, “We are pleased with the outcomes. We look ahead to persevering with our growth this 12 months as effectively and rising our share in buyer demand. In addition to our robust monetary efficiency, we’re proud to have inaugurated our new warehouse at Shoolagiri, Tamil Nadu. This facility spans over 50K sq ft and has a pallet holding capability of 4,500. It is our first dry warehouse devoted to the chemical section, which underscores our dedication to offering the very best service to our shoppers”.

Mr. Prem Kishan Dass Gupta, Chairman, of Snowman Logistics Limited commented, “We are witnessing a important improve within the demand for high-quality infrastructure and repair suppliers within the chilly chain trade all through varied areas in India. With most of our amenities persistently operating at most capability and in response to this rising demand, we’re dedicated to persevering with increasing our chilly storage capacities to additional solidify our market chief place as the popular supplier of dependable options for our prospects with a giant community providing. In addition, we have now began providing 5PL and distribution companies to our prospects with long-term commitments, and we are going to concurrently proceed to develop on this course.”