Snowman Logistics records positive growth during Q2

October 29, 2018: During the second quarter ended September 30, FY 2018-19, Snowman Logistics recorded revenue of Rs 57.65 crores as against Rs 44.82 crores during the corresponding quarter ended September 30, 2017, an increase of 29 percent. While EBITDA increases by 49 percent 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, Prem Kishan Gupta, chairman, Snowman Logistics said, “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 logistics 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, 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 has insulated us from seasonal fluctuations. We expect numbers to sustain and grow better”.