Outcome of Board Meeting of Snowman Logistics Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025
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Snowman Logistics Limited announced its unaudited financial results for the quarter and half year ended September 30, 2025, which were approved at a board meeting on November 04, 2025. Revenue from operations for Q2 FY26 stood at INR 15,564.86 lakhs, down from INR 16,269.64 lakhs in Q1 FY26, but up from INR 14,344.67 lakhs in Q2 FY25. For H1 FY26, revenue grew about 12% year-on-year to INR 31,834.50 lakhs compared to INR 28,367.23 lakhs in H1 FY25. However, the company slipped into a loss with a Q2 FY26 loss after tax of INR 291.10 lakhs versus a profit of INR 61.45 lakhs in Q2 FY25, and a H1 FY26 loss of INR 22.76 lakhs versus a profit of INR 95.38 lakhs in H1 FY25. Statutory auditor S.R. Batliboi & Co. LLP issued an unqualified limited review report. Notes also flagged GST-related contingent demands aggregating to roughly INR 1,849 lakhs and ongoing related-party transactions with Gateway Distriparks Limited (GDL), which became the company's parent in December 2024.
Despite top-line growth, profitability has deteriorated sharply in Q2 with the company posting a loss, signalling margin pressure and higher finance costs that may weigh on investor sentiment in the near term. The disclosed GST contingent liabilities and related-party dealings with the new parent GDL are additional risk factors shareholders should monitor closely.