Snowman Logistics Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 26, 2023 at 03:20 am EDT
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Snowman Logistics Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 1,123.46 million compared to INR 766.33 million a year ago. Revenue was INR 1,162.23 million compared to INR 779.98 million a year ago. Net income was INR 50.98 million compared to net loss of INR 2.18 million a year ago. Basic earnings per share from continuing operations was INR 0.31 compared to basic loss per share from continuing operations of INR 0.01 a year ago. Diluted earnings per share from continuing operations was INR 0.31 compared to diluted loss per share from continuing operations of INR 0.01 a year ago.
For the full year, sales was INR 4,176.48 million compared to INR 2,861.65 million a year ago. Revenue was INR 4,251.55 million compared to INR 2,902.49 million a year ago. Net income was INR 133.95 million compared to INR 16.76 million a year ago. Basic earnings per share from continuing operations was INR 0.8 compared to INR 0.1 a year ago. Diluted earnings per share from continuing operations was INR 0.8 compared to INR 0.1 a year ago.
Snowman Logistics Limited is an India-based integrated temperature-controlled logistics service provider. The Company is specialized in providing warehousing, distribution and other value-added services across the country. It is engaged in the business of providing integrated cold chain solutions to users in India. Its temperature-controlled warehousing facilities is located in Mumbai, Chennai and Bengaluru. It has four segments: Warehousing services, Transportation services and Consignment agency services and others, and Trading and distribution. Warehousing services segment is engaged in temperature-controlled warehousing service operating across locations servicing customers on a pan-India basis. Transportation services segment is engaged in facilitating inter-city transport of products and includes door to door service that is last mile distribution. Consignment agency services and others segment is involved in retail distribution through a consignment agency model for customers.
SNOWMAN LOGISTICS LIMITED 
