Snowman Logistics Limited announced its audited standalone financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 06, 2026, with statutory auditors M/s S.R. Batliboi & Co. LLP issuing an Independent Audit Report carrying an unmodified opinion. The company also filed an investor presentation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

For the full financial year, Snowman Logistics recorded total income of ₹608.0 Crores, marking a 9.2% increase over ₹556.8 Crores in FY25. Revenue from operations stood at ₹604.38 Crores compared to ₹552.53 Crores in FY25, reflecting a growth of 9.4%. Annual EBITDA stood at ₹94.53 Crores compared to ₹93.53 Crores in FY25, with an EBITDA margin of 15.6%. Profit after Tax (PAT) for the year was ₹3.30 Crores, against ₹5.69 Crores in the prior year. The financial results include an exceptional item of approximately ₹2.7 Crores related to the impact of the Labour Codes notified by the Government of India. Basic and diluted earnings per share (EPS) for the year stood at ₹0.20, compared to ₹0.34 in FY25.

Q4 FY26 Performance

For Q4 FY26, the company recorded total income of ₹143.4 Crores, up from ₹137.3 Crores in the corresponding quarter of the previous year, reflecting a growth of 4.4%. Revenue from operations for the quarter was ₹142.31 Crores compared to ₹137.01 Crores in Q4 FY25, a growth of 3.9%. PAT for the quarter rose to ₹5.54 Crores from ₹3.90 Crores in Q4 FY25, a growth of 41.8%. EBITDA for the quarter stood at ₹24.82 Crores compared to ₹24.38 Crores in Q4 FY25, with an EBITDA margin of 17.3% versus 17.8% in the year-ago period. Basic and diluted EPS for Q4 FY26 stood at ₹0.33, compared to ₹0.22 in Q4 FY25.

Balance Sheet Highlights

As at March 31, 2026, total assets stood at INR 77,915.89 lakhs compared to INR 77,125.04 lakhs in the prior year. Total equity was INR 40,210.53 lakhs versus INR 40,700.03 lakhs in FY25. Non-current liabilities increased to INR 28,084.40 lakhs from INR 26,524.78 lakhs, primarily driven by higher lease liabilities. Cash and cash equivalents improved significantly to INR 1,244.95 lakhs from INR 439.28 lakhs at the end of FY25. Net cash flow from operating activities for the year was INR 9,835.54 lakhs, compared to INR 6,541.73 lakhs in FY25.

Segment Reporting

The company operates across three reportable segments: warehousing services, transportation services, and trading and distribution. Warehousing services generated the highest segment revenue at ₹253 Crores for the year, growing 11.7% year-on-year. Trading and distribution reported revenue of ₹225 Crores, a growth of 22.5%. Transportation services revenue stood at ₹126 Crores, a decline of 11.3% primarily due to a strategic shift from 3PL to a 5PL model.

Management Commentary

Mr. Prem Kishan Dass Gupta, Chairman, Snowman Logistics Limited, commented, "The Company reported stable performance during the year, against a backdrop of moderating consumption trends, evolving macroeconomic conditions, and geopolitical uncertainties. Our focus remains on adding capacity at new and existing locations, and improving operational efficiencies to position the business for long-term growth."

Mr. Padamdeep Singh Handa, CEO & Whole-time Director, said, "We are pleased to announce a revenue of ₹604.4 crore for the financial year 2026, resulting in a consistent year-on-year growth of 9.5%. Our EBITDA stood at ₹94.5 crore, with a healthy margin of 15.5%, reflecting the resilience of our business model and the continued benefits of our strategic investments in cold chain infrastructure, integrated logistics solutions, and our focused transition towards a scalable 5PL platform."

Key Developments and Expansion Plans

During the year, the company commissioned four state-of-the-art facilities across Kolkata, Krishnapatnam, Kundli, and Jaipur, adding approximately 17,000 pallet positions to its warehousing capacity. Snowman Logistics is further expanding its warehousing network with an additional 13,000 pallet positions planned across Pune and Patna. The company currently operates 45 warehouses across 21 cities with a total pallet capacity of approximately 1.55 Lakhs. Snowman Logistics is a subsidiary of Gateway Distriparks Limited and serves over 794 customers across industries such as dairy, pharmaceuticals, and quick-service restaurants. The company also declared a first interim dividend of INR 0.50 per share for FY26, aggregating to INR 835.44 lakhs, which has been duly paid.

Snowman Logistics Limited announced comprehensive board and management restructuring following its board meeting held on April 20, 2026. The changes include appointment of new independent directors, cessation of existing directors, and key management personnel transitions to ensure continued compliance with regulatory requirements.

New Independent Director Appointments

The board approved the appointment of two distinguished professionals as Non-Executive Independent Directors. Both appointments are subject to shareholder approval through postal ballot.

Mr. Raghav Chandra brings extensive administrative experience as a retired Indian Administrative Service Officer of the 1982 batch. He holds B.Sc. (Hons.) and Master of Science degrees in Mathematics from St. Stephens College, Delhi University, and a Masters in Public Administration from Harvard University. His notable roles include Chairman of National Highway Authority of India and various senior positions in government ministries.

Ms. Sripurna Ganguly Chaudhuri holds B.A. (Hons.) in Mathematical Statistics from Lady Shri Ram College and a Post Graduate Diploma in Rural Management from IRMA. She brings over three decades of leadership experience across corporate and social development sectors, with expertise in brand management, CSR, and strategic philanthropy.

Director Cessations

Two existing Independent Directors will complete their tenure on April 26, 2026, following completion of their second consecutive five-year terms.

The board acknowledged the valuable guidance and contributions of both directors during their tenure with the company.

Key Management Personnel Changes

Significant changes were announced in the company's key management positions, ensuring continuity in corporate governance functions.

Ms. Richa Gupta is a qualified Company Secretary with B.Com (Hons) degree and CA IPCC qualification. She brings over eight years of post-qualification experience across reputed organizations including ITC Limited, Vedant Fashions Limited, TV Today Network Limited, E2E Networks Limited, and Protiviti Consulting Private Limited.

Authorized Personnel for Regulatory Compliance

The board revised the authorization of Key Managerial Personnel for determining materiality of events under Regulation 30(5) of Listing Regulations.

Meeting Details and Next Steps

The board meeting commenced at 5:45 P.M. IST and concluded at 6:19 P.M. IST on April 20, 2026. The company will circulate a Notice of Postal Ballot to shareholders seeking approval for the appointment of the new Independent Directors. All changes comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and related regulatory requirements.