Snowman Logistics standalone net profit declines 23% yoy in Q1; Stock ends 3% down

Total operating revenue was Rs.182.3 Cr. as compared to Rs. 55.3 Cr. during Q1FY21, registering a growth of 230% YoY.

July 28, 2021 4:52 IST India Infoline News Service

The net profit of Snowman Logistics declined 23.08% to Rs0.60cr in the quarter ended June 2021 as against Rs0.78cr during the previous quarter ended June 2020.

However, the company’s sales rose 19.85% to Rs66.06cr in the quarter ended June 2021 as against Rs55.12cr during the previous quarter ended June 2020.

The stock ended at Rs50.25 down by Rs1.75 or 3.37% from its previous closing of Rs52 on the BSE. The scrip opened at Rs52.15 and touched a high and low of Rs52.15 and Rs49.75 respectively.

Related Story

Get Access to Stock Reports+ and Customised Investment Ideas