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:
Snowman Logistics Investor Relations: You can find investor presentations and official announcements on the company's website. (https://snowman.in/investor-relations/)
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