Snowman Logistics reported a 77% year-on-year surge in profit after tax (PAT) to ₹4.5 crore for the quarter ended June 30, 2026, driven by significant operating leverage and a 16.8% rise in EBITDA to ₹29.3 crore. Revenue from operations grew 9.2% YoY to ₹177.7 crore, supported by robust demand across its warehousing, transportation, and trading segments. The company’s EBITDA margin expanded to 16.4% from 15.3% in the prior year period, reflecting improved cost management and higher asset utilization within its integrated cold chain network.

The financial results were filed with the National Stock Exchange of India Limited and BSE Limited on August 05, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The unaudited results were certified by the company’s statutory auditors and approved by the Board of Directors before dissemination. Richa Gupta, Company Secretary & Compliance Officer, signed off on the disclosure.

Financial Performance Highlights

The quarter demonstrated strong profitability growth outpacing top-line expansion, indicating effective scaling of existing infrastructure.

Revenue from operations stood at ₹177.7 crore compared to ₹162.7 crore in the corresponding quarter of the previous year. EBITDA rose by ₹4.2 crore to ₹29.3 crore. Net income increased significantly from ₹2.5 crore to ₹4.5 crore. An exceptional item of ₹-1.6 crore arose from the impact of a revised salary structure.

Segment-Wise Growth

All three business segments contributed to the revenue growth, with warehousing services leading the expansion.

Warehousing services recorded a robust 12.6% YoY growth to ₹71 crore. Transportation services grew 8.7% to ₹36 crore, while the trading and distribution business expanded 6.2% to ₹71 crore.

Management Commentary

Padamdeep Singh Handa, CEO & Whole-time Director, attributed the performance to strategic investments in cold chain infrastructure and digital transformation. "We are pleased to report a strong start to FY'27, delivering a resilient performance despite a challenging operating environment due to geo political situation," Handa stated. He highlighted that warehouse utilization remains healthy at 88%, providing a foundation for sustained growth. The company continues to explore opportunities to expand its network through a combination of owned and asset-light warehouses.

What the Numbers Show

The disproportionate growth in EBITDA relative to revenue suggests operational leverage is being realized in Q1FY27. While revenue increased by nearly 9%, EBITDA expanded by almost 17%, implying that fixed costs were spread over a larger revenue base or that variable costs were managed effectively. This margin expansion is critical for capital-intensive logistics businesses. With a total pallet capacity of 1,54,319 across 45 warehouses in 21 cities, Snowman appears to be optimizing utilization rates in the current quarter. The company is also executing infrastructure projects under construction in Pune, Patna, and Hyderabad to augment capacity.

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.

*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.