Snowman Logistics Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 09, 2022 at 02:41 am EST
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Snowman Logistics Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 1,086.2 million compared to INR 700.66 million a year ago. Revenue was INR 1,096.47 million compared to INR 711.12 million a year ago. Net income was INR 26.74 million compared to INR 4.69 million a year ago. Basic earnings per share from continuing operations was INR 0.16 compared to INR 0.03 a year ago. Diluted earnings per share from continuing operations was INR 0.16 compared to INR 0.03 a year ago.
For the six months, sales was INR 1,959.09 million compared to INR 1,361.3 million a year ago. Revenue was INR 1,981.19 million compared to INR 1,376.96 million a year ago. Net income was INR 45.59 million compared to INR 10.69 million 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.