Snowman Logistics net profit rises 78% in Q4FY26 to ₹454.63M
Snowman Logistics delivered strong Q4FY26 results with net profit rising 78% to ₹454.63M on 9.2% revenue growth. EBITDA margin expanded to 16.1%, supported by robust performance in warehousing and transportation segments. Exceptional item reversals and operational efficiency contributed to the profitability surge.
*this image is generated using AI for illustrative purposes only.
Snowman Logistics reported a strong financial performance for the quarter ended June 30, 2026 (Q4FY26), with net profit rising 78% year-on-year to ₹454.63 million. Revenue from operations grew 9.2% to ₹1,776.77 million, supported by robust demand across its warehousing and transportation segments. The company’s EBITDA margin expanded to 16.1%, reflecting improved cost management and operational leverage during the period.
Q4FY26 Financial Highlights
The Board of Directors approved the unaudited standalone financial results on August 5, 2026. The statutory auditors, S.R. Batliboi & Co. LLP, issued an unqualified limited review report on the financials.
| Metric: | Q4FY26 | Q4FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations: | ₹1,776.77M | ₹1,626.96M | +9.2% |
| Net Profit: | ₹454.63M | ₹254.28M | +78.8% |
| EBITDA: | ₹286.00M* | ₹243.00M* | +17.7% |
| EBITDA Margin: | 16.10% | 14.96% | +114 bps |
*EBITDA figures are derived from segment results and unallocable expenses as per standard reporting practices.
Segment Performance
Revenue from operations increased to ₹1,776.77 million in Q4FY26 from ₹1,626.96 million in the corresponding quarter of the previous year. The warehousing services segment contributed ₹708.77 million, up from ₹629.19 million YoY. Transportation services revenue rose to ₹357.10 million from ₹328.55 million. Trading and distribution revenue stood at ₹710.90 million, compared to ₹669.23 million last year.
Segment result before unallocable expenses totaled ₹1,388.75 million, up from ₹1,200.33 million YoY. Warehousing services generated a segment result of ₹781.11 million, while transportation services contributed ₹218.04 million. Trading and distribution added ₹389.60 million to the segment result.
Profitability and Margins
Net profit for the quarter surged to ₹454.63 million from ₹254.28 million in Q4FY25. This improvement was driven by higher operating profits and favorable tax outcomes. Profit before tax rose to ₹703.49 million from ₹394.59 million YoY.
The company benefited from a reversal of exceptional items amounting to ₹162.27 million related to labour code adjustments, compared to no such benefit in the prior year. Tax expense was ₹248.86 million, including current tax of ₹188.08 million and deferred tax of ₹60.78 million.
What the Numbers Show
The significant jump in net profit, outpacing revenue growth, highlights Snowman Logistics’ ability to scale operations efficiently. The expansion in EBITDA margin from 14.96% to 16.10% indicates better cost control and pricing power. The reversal of exceptional items provided a one-time boost, but the core operational improvement remains the key driver of profitability.
Regulatory and Legal Updates
The company disclosed ongoing GST litigation involving demands of ₹537.60 million under Section 73 of the Goods and Services Tax Act, 2017. Management believes these demands are not tenable and has provided ₹120.29 million as a precautionary measure. Additionally, an income tax assessment order disallowed ₹463.83 million under Section 35AD, but this does not impact current tax liability due to MAT provisions.
Snowman Logistics continues to monitor developments regarding the four Labour Codes notified in June 2024. The company accounted for a reversal of ₹162.27 million in Q4FY26 based on revised compensation structures agreed with employees effective April 1, 2026.
Historical Stock Returns for Snowman Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.03% | +17.03% | +12.32% | +3.69% | -22.99% | -12.90% |
How sustainable is the 16.1% EBITDA margin expansion given the one-time benefit from labour code adjustments, and what structural cost controls are in place for FY27?
What is the projected timeline and potential financial exposure regarding the ongoing GST litigation demands of ₹537.60 million?
Will the disallowed ₹463.83 million under Section 35AD impact future tax credits or cash flows once MAT provisions are no longer applicable?
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