Snowman Logistics records 49% growth in revenue in third quarter of FY22-23
Snowman Logistics recorded revenue of ₹109.39 crore as against ₹73.40 crore for the same period in the previous year
EBITDA increased to ₹25 crore from ₹19 crore, registering a 30% growth and PAT increased to ₹3.74 crore from ₹0.83 crore from last year.
Snowman Logistics is a player in integrated temperature-controlled logistics services, catering to the varied cold chain logistical requirements of its clients, on a pan-India basis.
With 43 warehouses and a total pallet capacity of 1,29,924 across 17 cities including Mumbai, Chennai, Bengaluru, and Kolkata, Snowman caters to dairy products including butter and cheese, canned food items, poultry, meat, seafood, healthcare, and pharma.
Sunil Nair, Snowman Logistics: “We expect to continue the momentum and grow from here. Our efforts towards offering services and solutions to complex and challenging operations are gaining traction and we hope to add some new businesses to our kitty soon."
Prem Kishan Dass Gupta: “The new distribution model that we had started in the previous quarter has worked out well and is also helping increase the throughput of both our storage and transportation verticals. We are in the process of scaling up this vertical further.”
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