India’s leading end-to-end cold supply chain service solutions provider, Snowman Logistics has registered revenue of INR 286.17 crores during FY2021-22 as against INR 237.10 crores during the previous financial year. EBITDA increased to INR 73.79 crores from INR 68.47 crores and PAT increased to INR 1.68 crores from INR 0.06 crore as compared to the previous year.
Meanwhile, during the quarter ended March 31, 2022, Snowman Logistics recorded revenue of INR 76.63 crores as against INR 64.11 crores for the same period in the previous year. EBITDA increased to INR 18.00 crores from INR 17.80 crores for the same period in the previous year and PAT increased to INR (0.22) crores from INR (0.42) crores in the corresponding quarter of the previous year.
Speaking about the quarter performance, 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 satisfied 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.”