Snowman Logistics records highest revenue of ₹286.17 crore in FY22
Plans to further amplify its transport aggregation tech-platform ‘SnowLink’ in this financial year.
During the quarter ended March 31, 2022, Snowman Logistics recorded revenue of ₹76.63 crore as against ₹64.11 crore for the same period in the previous year.
EBITDA increased to ₹18.00 crore from ₹17.80 crore for the same period in the previous year and PAT increased to (₹0.22) crores from INR (₹0.42) crore in the corresponding quarter of the previous year.
On an annual basis, revenue during 2021-22 was ₹286.17 crore as against ₹237.10 crore during the previous year. EBITDA increased to ₹73.79 crore from ₹68.47 crore and PAT increased to ₹1.68 crore from ₹0.06 crore during the previous year.
Sunil Nair, CEO, Snowman Logistics said, "After the Covid impact, most of our customer business have resumed to pre covid volume. We are happy that it has aligned well with our growth strategy. We are happy with the results, particularly knowing that the commissioning of our Siliguri and Coimbatore were unfortunately delayed due to Covid. We see good growth potential in our transport aggregation tech-platform and we will continue to focus on it for the coming year."
Prem Kishan Dass Gupta, Chairman, Snowman Logistics commented, "During this year, we have been able to increase our capacities in both existing and new locations, and the launch of SnowLink has been very successful. Going ahead, we will be focusing on dedicated warehousing in both the dry and chilled/frozen segments where we are seeing very high demand for quality service providers."