Snowman Logistics Limited (NSE:SNOWMAN) filed its unaudited standalone financial results for the quarter ended June 30, 2026 on August 5, 2026. The board approved results showing revenue from operations of Rs 17,767.74 lakh and a net profit of Rs 454.63 lakh for Q1 FY27.
Key Highlights
- Revenue from operations rose to Rs 17,767.74 lakh in Q1 FY27, up from Rs 16,269.64 lakh in Q1 FY26, a year-on-year increase of approximately 9.2%.
- Net profit for the quarter stood at Rs 454.63 lakh, compared with Rs 254.28 lakh in the corresponding quarter of the previous year, nearly doubling year-on-year.
- An exceptional income of Rs 162.27 lakh was recognised during the quarter, lifting profit before tax to Rs 703.49 lakh from Rs 541.22 lakh at the pre-exceptional level.
- The statutory auditor, M/s S.R. Batliboi & Co. LLP, issued an unqualified conclusion under the limited review conducted as per SRE 2410 standards.
About the Company
Snowman Logistics Limited (NSE:SNOWMAN) is India's largest integrated temperature-controlled logistics company, headquartered at Saket District Centre, New Delhi. The company operates cold storage warehouses, refrigerated transportation, and a trading and distribution segment across multiple locations in India. Its registered office is at Taloja Industrial Area, MIDC, Navi Mumbai, Maharashtra. The company is listed under the Logistics and Transportation sector.
Announcement in Detail
The board of directors convened on August 5, 2026, commencing at 11:20 AM IST and concluding at 12:00 PM IST. At this meeting, the board considered and approved the unaudited standalone financial results for Q1 FY27, along with the limited review report from M/s S.R. Batliboi & Co. LLP. Total income for the quarter was Rs 17,837.59 lakh, against Rs 16,343.96 lakh in Q1 FY26.
Segment-wise, warehousing services contributed revenue of Rs 7,087.73 lakh, transportation services contributed Rs 3,570.98 lakh, and trading and distribution contributed Rs 7,109.03 lakh. Basic and diluted earnings per share for the quarter stood at Rs 0.27 (not annualised), compared with Rs 0.15 in Q1 FY26. Paid-up equity share capital remained unchanged at Rs 16,708.80 lakh, with a face value of Rs 10 per share.
Impact on Investors
Investors will note that the year-on-year improvement in net profit, from Rs 254.28 lakh to Rs 454.63 lakh, was supported in part by an exceptional income item of Rs 162.27 lakh. The filing shows that profit before exceptional items also improved, rising from Rs 394.59 lakh in Q1 FY26 to Rs 541.22 lakh in Q1 FY27, indicating an underlying operational improvement as well.
Shareholders will observe that total assets stood at Rs 77,644.09 lakh and total liabilities at Rs 36,969.44 lakh as at June 30, 2026. The auditors expressed an unqualified conclusion, meaning no material misstatement was identified in the reviewed statement, a compliance point investors typically track when assessing reported figures.
Sector / Market Context
India's cold chain logistics sector has been growing steadily, driven by rising demand from food processing, pharmaceuticals, and quick commerce segments. According to industry estimates cited by CII and FICCI, organised cold chain infrastructure in India remains underpenetrated relative to the size of the perishables market, making scale and network density key competitive factors for established operators in this segment.