Snowman Logistics Limited has reported a 9% increase in revenue for the first quarter of the fiscal year 2024-25. The company’s EBITDA for the quarter stood at INR 24.21 crores, compared to INR 25.42 crores in the same quarter of the previous year. The profit after tax (PAT) for the quarter was recorded at INR 1.79 crores, down from INR 3.38 crores in the corresponding quarter of the previous year.
During a board meeting held on August 8, 2024, the company approved the distribution of the first interim dividend for FY 2024-25, set at Rs.1 per equity share. Sunil Nair, CEO & Whole Time Director at Snowman Logistics Limited, expressed satisfaction with the company’s steady revenue performance, noting that ongoing projects in Lucknow and Kolkata are nearing completion and are expected to be operational in the second and third quarters, respectively. Additionally, the company plans to deploy 35 new trucks in the third quarter.
Prem Kishan Dass Gupta, Chairman of Snowman Logistics Limited, highlighted the growing demand in the cold chain industry for organized players with robust infrastructure. He emphasized that Snowman Logistics is well-positioned to capitalize on this growth and confirmed the company’s ongoing expansion of its warehouse network.
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