Bangalore - Snowman Logistics closed FY22-23 on a positive note as it clocked in annual revenue of INR 417.65 Crores as against INR 286.17 Crores during the previous year. There was a significant increase in the EBITDA and PAT as well. EBITDA increased to INR 96.07 Crores from INR 73.79 Crores and PAT increased to INR 13.40 Crores from INR 1.68 Crore during the previous year.

Elated with the performance of the company Sunil Nair, CEO, Snowman Logistics Limited stated that the company is happy with the results. He further added that the company is looking forward to continuing its expansion this year and further increasing the share in customer demand.

Prem Kishan Dass Gupta, Chairman, Snowman Logistics Limited commented that the company has witnessed a significant increase in the demand for high-quality infrastructure and service providers in the cold chain industry throughout various regions in India. Most of the facilities of the company are consistently running at maximum capacity. As a response to this growing demand, the company will continue to expand its cold storage capacities, he added.

Snowman Logistics has started offering 5PL and distribution services to its customers with long-term commitments. Additionally, the company recently inaugurated a new warehouse at Shoolagiri, Tamil Nadu, a 50K sq ft facility that has a pallet holding capacity of 4,500. It is the first dry warehouse of the company dedicated to the chemical segment.