Snowman Logistics has published its audited financial results for the quarter and year ended March 31, 2026. The results were approved by the Board of Directors on May 06, 2026, and subsequently communicated to stock exchanges. The company also held a joint earnings conference call with Gateway Distriparks Limited on May 7, 2026, to discuss these results, with the transcript filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Quarterly Financial Performance

Snowman Logistics delivered a notable improvement in profitability in Q4 FY26 compared to the same period last year. Net profit after tax rose to ₹554.40 lakhs from ₹390.03 lakhs in Q4 FY25, while total income from operations grew to ₹14,231.13 lakhs from ₹13,701.48 lakhs. Total comprehensive income for Q4 FY26 stood at ₹574.15 lakhs, compared to ₹392.89 lakhs in Q4 FY25.

The following table summarises the quarterly financial highlights:

Full-Year Financial Performance

For the full year ended March 31, 2026, Snowman Logistics reported total income from operations of ₹60,438.11 lakhs, up from ₹55,253.45 lakhs in FY25, reflecting steady revenue growth in its cold chain logistics business. However, net profit after tax for FY26 declined to ₹330.27 lakhs from ₹569.08 lakhs in FY25. Total comprehensive income for FY26 stood at ₹345.93 lakhs, compared to ₹565.05 lakhs in FY25.

The following table presents the full-year financial highlights:

Management Commentary

During the earnings conference call, management addressed the impact of global disruptions on volumes. The company noted that volumes remain subdued due to the West Asia conflict, affecting cargo from the U.S., Europe, and the Middle East. Despite these challenges, the company is targeting long-term growth of approximately 15% for the cold chain segment. Management highlighted that the INR1,000 crores revenue target remains a plan, though it may be deferred by a year to FY '29, with a target EBITDA margin of 15% at that level.

Capital Position and Outlook

Snowman Logistics maintained its equity share capital at ₹16,708.80 lakhs (face value ₹10 per share) across all reported periods. Reserves, excluding revaluation reserves, stood at ₹23,501.73 lakhs for FY26, compared to ₹23,991.23 lakhs for FY25. For the upcoming financial year, the company has guided towards a capital expenditure of around INR50 crores, focusing on build-to-suit warehouses, land acquisition, and vehicles.

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.