Snowman Logistics standalone net profit declines 49.23% in the March 2017 quarter

Sales decline 16.03% to Rs 44.57 crore

Net profit of Snowman Logistics declined 49.23% to Rs 3.62 crore in the quarter ended March 2017 as against Rs 7.13 crore during the previous quarter ended March 2016. Sales declined 16.03% to Rs 44.57 crore in the quarter ended March 2017 as against Rs 53.08 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 4.93 crore in the year ended March 2017 as against net profit of Rs 20.54 crore during the previous year ended March 2016. Sales declined 15.84% to Rs 189.24 crore in the year ended March 2017 as against Rs 224.86 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales44.5753.08 -16 189.24224.86 -16 OPM %13.7526.96 -19.2221.64 - PBDT4.0511.49 -65 25.7542.16 -39 PBT-4.532.46 PL -12.8311.76 PL NP3.627.13 -49 -4.9320.54 PL

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