Page 37 - ITLN March - April 2022 issue

Allcargo Logistics quarterly

revenue grows 115% to ₹5869 crore Snowman starts
ops at Coimbatore
facility, Amazon Pune
fulfilment centre

nowman Logistics has
Scompleted the construction of a
temperature-controlled warehouse
at Coimbatore and the facility with
a total capacity of 4,020 pallets
has become operational during
February 2022.
It is a multi-temperature facility
designed to store products ranging
from ambient temperature to -25
Deg Centigrade with 8 chambers,
llcargo Logistics reported growth on the back of value addition 6 loading bays with related
Arevenue of ₹5,869 crore for the across the service offerings. The infrastructure that includes G+5
quarter and EBITDA stood at ₹505 transformation-led initiatives have racking system, modern handling
crore for the third quarter ended strengthened our capabilities. While equipment and ample refrigerated
December 31, 2021. Profit before tax adopting the asset-light model, we’ll truck parking space. The facility
stood at ₹439 crore, including ₹30 continue to deliver sustainable value will mainly cater to the storage,
crore share of profit from associates to our clients and all stakeholders. handling and transportation of
and JVs. Further, the recently announced quick-service restaurants, poultry,
Shashi Kiran Shetty, chairman, demerger will help businesses boost ready-to-eat food, ice cream,
Allcargo Logistics, ECU Worldwide growth in the long term.” dairy products, confectionery &
and Gati, said, “The Company “Our proactive approach has bakery products, seafood, fruits
has managed to deliver strong allowed us to target strategic highly & vegetables, pharma, and other
performance in this quarter driven value accretive acquisitions and recent products.
by digitally-advanced integrated acquisitions in Nordics and India and Snowman also starts its
logistics framework. The business has our JV in Korea have outperformed SnowServe facility - a fulfilment
demonstrated strong resilience and strongly,” he further added. centre for Amazon India in
Pune. Amazon will be using this
facility for the delivery of FMCG
perishables including vegetables,
H1 revenue of over ₹4,000cr, TVS fruits, eggs, frozen food, and

Supply Chain Solutions plans IPO groceries in the city. The facility is
spread across a 12,000 sqft area
and has sorting, grading, packing
a price to be announced later by the and labelling process lines.
company. The major seller is promoter
TVS Mobility with 20 million shares
on offer. The weighted average cost of
acquisition for TVS Mobility is ₹2.84.
Revenue from operations for TVSSCS
was ₹4,240 crore for the first six
months of the current financial year.
TVSSCS has operations across
25 countries including the United
Kingdom, Spain, Germany, Australia
and Singapore as of September 30,
VS Supply Chain Solutions has 2021. In fiscal 2019, 2020 and 2021
Tproposed an initial public offering and six months ended Sept 30, 2021,
of ₹2,000 crore and an offer for sale global revenue accounted for 73, 71,
of 59.5 million shares of ₹1 each at 76 and 75, respectively.

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