Snowman Logistics

The fall in the Snowman Logistics' share price came after the company announced a weak set of September quarter of financial year 2025 (Q2FY25)

Integrated temperature-controlled logistics services provider Snowman Logistics on Wednesday said its Profit After Tax (PAT) doubled to Rs 3.89 crore in June quarter 2023-24. The company's PAT stood at Rs 1.89 crore during the first quarter of FY23, Snowman Logistics said in a statement. The company also announced around Rs 200 crore capex to be spent over the next 24 months, both from its internal accruals and debt. During the quarter, revenue grew to Rs 128.77 crore as compared to Rs 87.29 crore in the year-ago period, it said. Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for June quarter increased to Rs 25.42 crore from Rs 21.26 crore. "All our addition of capacities in last year have been fully utilised and we are adding to our revenue and profit. We are also experiencing robust growth plans by our key customers, giving us confidence in continuing our investments in expansion," Sunil Nair, CEO at Snowman Logistics, said. The company continues to boo

With the Covid-19 pandemic crippling the supply-chain management across borders, investors and venture capital firms started to place their bets on logistics, seeing manifold growth in e-Commerce

The new logistics policy aims to trim the costs to single digits, from 13-14 per cent of the GDP at present, by 2030

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Analysts see the logistics sector as a big beneficiary of the 're-opening of the economy' theme, with pent-up demand expected to drive growth

Snowman said it has entered in a strategic partnership with Dr Reddy's to provide end-to-end logistics solutions for delivery of the two-dose Sputnik Covid-19 vaccine across India

Adani Logistics has been offloading its stake in the Snowman Logistics via open market operations

Snowman Logistics and SpiceJet have signed an MoU for jointly engaging in storage, transportation and distribution of Covid-19 vaccines

Vaccine storage and transportation being a niche segment will not benefit all logistics and transportation companies, analysts say

There has been a growing demand for single-point end-to-end cold chain services by large multinational companies

Snowman Logistics stock is down 35% since deal was announced last December; valuation also hit by Rs 13 cr loss reported by company in first nine months of FY20

The sale to ADSEZ is part of Gateway's plan to divest its non-core assets, deleverage its balance sheet, and fund future capital expenditure plans in the rail segment.

Company picks up 40% in Snowman, plans to double capacity over next five years as it integrates logistics services and moves from port gate to customer gate

The Bengaluru-based company aims to up its revenue stream by 15 per cent in the current financial year amid cost controls efforts that would lead to better-operating margins and profiting bottom line

The stock hit a high of Rs 77 and low of Rs 72.50 so far during the day