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Snowman Logistics Ltd. Q4FY24 & FY24 Annual Results:

Writer's picture: CA Vishnu AgarwalCA Vishnu Agarwal

Snowman Logistics Ltd., India's leading cold chain logistics provider, announced its financial results for the quarter (Q4) and year ended March 31, 2024 (FY24).


Q4FY24 Performance Highlights:


  • Revenue: ₹126.54 crore (compared to ₹112.35 crore in Q4FY23)

  • EBITDA: ₹29.86 crore (compared to ₹25.56 crore in Q4FY23)

  • PAT: ₹2.15 crore (compared to ₹5.10 crore in Q4FY23)


FY24 Performance Highlights:


  • Revenue: ₹503.37 crore (compared to ₹417.65 crore in FY23)

  • EBITDA: ₹108.32 crore (compared to ₹96.07 crore in FY23)

  • PAT: ₹12.71 crore (compared to ₹13.40 crore in FY23)


Key Points:


  • Revenue Growth: Both Q4FY24 and FY24 saw substantial revenue growth, indicating increased demand for cold chain logistics services.

  • EBITDA Growth: EBITDA also increased in both periods, demonstrating improved operational efficiency.

  • PAT Decline in FY24: Despite higher EBITDA, PAT marginally declined in FY24 due to a one-time deferred tax asset reversal of Rs 4.34 crore.

  • Focus on Expansion: Snowman Logistics continues to focus on expanding its reach and capacity to meet the growing demand for cold chain logistics.


Additional Resources:


For a detailed analysis and further information, please refer to the following resources:

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