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The company’s loss before exceptional items and tax narrowed to Rs 0.43 crore from a loss of Rs 0.62 crore in the corresponding period last year. Exceptional items stood at Rs 2.77 crore during the quarter.
Total expenses increased 8.11% YoY to Rs 145.44 crore in Q3 FY26. Purchases of traded goods rose 14.56% YoY to Rs 45.55 crore, and employee benefit expenses climbed 14.13% YoY to Rs 11.54 crore, while finance costs increased 11.25% YoY to Rs 7.07 crore.
Meanwhile, the company’s board declared the first interim dividend of Rs 0.50 per equity share (face value Rs 10 each) for FY26.
Snowman Logistics is an integrated temperature-controlled logistics service provider, meeting the logistical needs of its clients.
Shares of Snowman Logistics rose 0.33% to Rs 42.53 on the BSE.
Revenue from operations rose 8.50% to Rs 155.64 crore in Q2 FY26 as compared with Rs 143.44 crore in Q2 FY25.
EBITDA stood at Rs 20.6 crore in Q2 FY26, down 11% year-on-year from Rs 23.1 crore recorded in the same period last year. The EBITDA margin declined to 13.2% in Q2 FY26 from 16% in Q2 FY25.
Total expenses increased 11.67% year-on-year to Rs 160.44 crore during the quarter. Purchases of traded goods stood at Rs 55.44 crore, up 14.64% YoY. Employee benefit expenses rose 14.38% YoY to Rs 11.61 crore, while finance costs climbed 16.90% YoY to Rs 7.40 crore in Q2 FY26.
Prem Kishan Dass Gupta, Chairman, Snowman Logistics, commented, “While the broader cold chain sector is witnessing a short-term moderation in demand—largely due to reduced QSR demand and the impact of US tariffs on seafood exports—the underlying fundamentals remain strong. Domestic consumption continues to rise, helping to offset these temporary headwinds.
We’re entering the next phase of our expansion and are actively identifying land parcels across key locations to further strengthen our footprint. At the same time, we’ll continue growing capacities through our asset-light build-to-suit (BTS) model, maintaining flexibility and capital efficiency at the core of our strategy. Input costs have risen in recent months, and there’s naturally a time lag before price revisions catch up. This is a normal part of the operating cycle in our business, and we remain confident in our ability to balance cost pressures with sustained margins over the medium term.”
Snowman Logistics announced the commencement of construction of a new temperature controlled warehouse facility in Pune that is being developed under the Built-to-Suit (BTS) model by Whitecastle Infra, who are experienced developers in the region. Snowman already operates 16,000 pallets in Pune, and aims to target the fast-growing demand in the region for high quality temperature-controlled services with the addition of this new facility of 5,900 pallets, scheduled to be operational by June 2026.
The facility is designed to cater to a wide range of industries that are prevalent in the Pune region including Ice Cream, Chocolates, Dairy Products, Quick Service/Fast Food Restaurants (QSR), Coffee chains, Meat, Poultry, Seafood, Pharmaceuticals, and other industrial goods that require temperature-controlled storage and distribution.
Commenting on the development, Ishaan Gupta, Director, Snowman Logistics, stated, “This new facility in Pune is a testament to our ongoing efforts to expand our footprint and deliver world-class cold chain solutions through both owned and asset light models. It will play a crucial role in supporting the growing demand for temperature-sensitive logistics across diverse sectors.”