Snowman Logistics LimitedQuarter ended September 30, 2026 Results & Financial Update
Snowman Logistics Limited: Quarter ended September 30, 2026 standalone results and company financials – revenue ₹163.56 Cr, PAT ₹0.96 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Snowman Logistics Quarter ended September 30, 2026 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Snowman Logistics recorded revenue from operations of INR 163.56 crore for the quarter ended September 30, 2026, marking a 5.08% expansion compared to INR 155.65 crore reported in the corresponding period of the previous year. On a sequential basis, revenue moved down 7.95% from INR 177.68 crore registered in the preceding quarter ended June 30, 2026.
Total income for the quarter stood at INR 14.85 crore, reflecting a year-on-year increase from INR 156.22 crore in Q2 FY26, though lower than the INR 178.38 crore reported in Q1 FY27.
Profitability improved significantly on an annual comparison, turning positive with a profit after tax of INR 0.96 crore (INR 1.0 crore rounded in presentations) compared to a net loss of INR 2.91 crore in the same quarter last year. Sequentially, however, net profit moderated from INR 4.55 crore reported in the first quarter of fiscal 2027.
Operating profitability demonstrated healthy year-on-year expansion, with standalone EBITDA reaching INR 25.25 crore compared to INR 20.56 crore in Q2 FY26, representing a growth of 22.8% driven by disciplined cost management and steady asset utilization across the warehouse network.
The company maintained a high warehouse capacity utilization rate of 85% during the quarter, supported by steady demand across core temperature-sensitive industry verticals and ongoing expansion in key regional markets.
Management noted that rising food hygiene standards, stricter regulatory compliance, and an industry-wide emphasis on product quality continue to generate robust fundamental demand for reliable cold chain infrastructure across India.
01 · Business model
What does Snowman Logistics do?
Snowman Logistics Limited operates as a leading integrated provider of temperature-controlled logistics services in India, managing a pan-India cold chain infrastructure network that caters to sensitive perishable goods.
The company's core operations combine temperature-controlled warehousing under the Snowpreserve brand, long-haul primary transportation under Snowline, regional and last-mile distribution under Snowreach, and 5PL super-stockist trading and distribution services under Snowdistribute.
Its storage facilities accommodate products requiring strict temperature ranges from -25°C to +25°C, serving a diverse roster of reputed corporate clients across dairy and ice cream, restaurant chains, ready-to-cook food, meat, poultry and seafood, fast-moving consumer goods, fresh produce, healthcare and pharmaceuticals, e-commerce, and bakery and confectionery segments.
With backing from its parent group Gateway Distriparks Limited—which holds a majority 50.01% equity stake—Snowman links its specialized cold chain network with broader container logistics and intermodal transportation infrastructure.
02 · Historical context
What shaped the business before this quarter
The company was originally incorporated in 1993 and has accumulated over 25 years of operational experience as a specialized cold chain service provider in the Indian market.
In 2006, Gateway Distriparks Limited acquired a majority equity stake in Snowman Logistics, integrating temperature-controlled warehousing and refrigerated transport with container logistics operations.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Quarter ended September 30, 2026 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹163.56 Cr | ₹155.65 Cr | ₹177.68 Cr |
| Total income | ₹164.85 Cr | ₹156.22 Cr | ₹178.38 Cr |
| Profit before tax | ₹1.50 Cr | ₹-4.23 Cr | ₹7.03 Cr |
| Profit after tax | ₹0.96 Cr | ₹-2.91 Cr | ₹4.55 Cr |
| EPS | ₹0.06 | ₹-0.17 | ₹0.27 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 0.6% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 0.9% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹1.30 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Warehousing revenue grew by 7.6% year-on-year, continuing to form the primary earnings pillar backed by an aggregate pallet capacity of 1,51,618 across 40 warehouses in 21 cities.
Long-haul and secondary transportation revenue under Snowline and Snowreach expanded by 5.6% year-on-year, supported by a dedicated fleet of over 350 vehicles.
The 5PL trading and distribution segment (Snowdistribute) registered a 2.4% year-on-year increase in revenue, extending super-stockist and inventory management solutions to corporate clients.
What drove margins
EBITDA margin expanded to 15.3% in Q2 FY27 from 13.2% in Q2 FY26, supported by operational efficiencies, steady warehouse utilization, and tighter control over operating expenses.
Cost of goods sold (COGS) remained stable at INR 56.9 crore compared to INR 57.7 crore in the corresponding quarter of the previous year.
05 · Demand, customers & order book
Where demand is coming from
Catered to a comprehensive customer base across dairy and ice cream, restaurant chains, ready-to-cook food, meat, poultry and seafood, FMCG, fresh produce, healthcare and pharmaceuticals, e-commerce, and bakery and confectionery.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Operates 40 warehouses across 21 cities providing specialized storage chambers ranging from -25°C to +25°C, complete with blast freezing, packaging, and EXIM clearance capabilities.
Combines primary long-haul transport, regional distribution, and 5PL super-stockist solutions supported by 24x7 command-center tracking and Microsoft Dynamics 365 ERP systems.
Geography and market mix
The nationwide network spans 21 cities including key logistics hubs such as Mumbai, Pune, Chennai, Bangalore, Hyderabad, Delhi NCR (Ballabhgarh, Kundli, Derabassi), Kolkata, Ahmedabad, and Guwahati, with expansion underway in Patna.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Total network pallet capacity stood at 1,51,618 across 40 warehouses, maintaining an average capacity utilization rate of 85% during Q2 FY27.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Deployed Microsoft Dynamics 365 Business Central ERP alongside 24x7 command-center vehicle monitoring, real-time IoT temperature alerts, and automated proof-of-delivery auditing to enhance operational transparency.
09 · Reported developments
What changed operationally
Reported a 5.1% year-on-year increase in revenue to INR 163.56 crore and a 22.8% surge in EBITDA to INR 25.25 crore.
Achieved a net profit of INR 0.96 crore for Q2 FY27, turning around from a net loss of INR 2.91 crore in Q2 FY26.
10 · Management guidance & targets
What management is targeting from here
Management stated expectations for strengthening seasonal demand, supported by a healthy customer acquisition pipeline, ongoing network utilization improvements, and expanded operational scale in the coming quarters.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Quality Certifications
The majority of Snowman's warehouses hold ISO 22000, ISO 14001, and FSSAI certifications, with specialized approvals maintained across selected healthcare and pharmaceutical storage sites.
12 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations decreased by 7.95% sequentially from INR 177.68 crore in Q1 FY27 to INR 163.56 crore in Q2 FY27.
13 · Key Q&A
The quarter, answered directly
What does Snowman Logistics do?
Snowman Logistics Limited operates as a leading integrated provider of temperature-controlled logistics services in India, managing a pan-India cold chain infrastructure network that caters to sensitive perishable goods.
What is the clearest takeaway from Quarter ended September 30, 2026?
Snowman Logistics recorded revenue from operations of INR 163.56 crore for the quarter ended September 30, 2026, marking a 5.08% expansion compared to INR 155.65 crore reported in the corresponding period of the previous year. On a sequential basis, revenue moved down 7.95% from INR 177.68 crore registered in the preceding quarter ended June 30, 2026.
What drove revenue or demand?
Warehousing revenue grew by 7.6% year-on-year, continuing to form the primary earnings pillar backed by an aggregate pallet capacity of 1,51,618 across 40 warehouses in 21 cities.
What mattered most for margins or profitability?
EBITDA margin expanded to 15.3% in Q2 FY27 from 13.2% in Q2 FY26, supported by operational efficiencies, steady warehouse utilization, and tighter control over operating expenses.
What changed operationally beyond the headline numbers?
Total network pallet capacity stood at 1,51,618 across 40 warehouses, maintaining an average capacity utilization rate of 85% during Q2 FY27.
What is management guiding or targeting from here?
Management stated expectations for strengthening seasonal demand, supported by a healthy customer acquisition pipeline, ongoing network utilization improvements, and expanded operational scale in the coming quarters.
14 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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15 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Utilization Rates: Monitor warehouse capacity utilization trends relative to the 85% baseline achieved in Q2 FY27.
- 02
Expansion Execution: Track progress on regional facility expansions, including the ongoing development in Patna.
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