Snowman Logistics Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
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Awaiting price reaction for this filing.
Snowman Logistics reported its Q2 FY26 (quarter ended September 30, 2025) results with revenue from operations of ₹15,564.86 lakhs, up 8.5% YoY from ₹14,344.67 lakhs. Half-yearly revenue stood at ₹31,834.50 lakhs, a 12.2% rise over H1 FY25. Despite top-line growth, the company posted a loss before tax of ₹422.76 lakhs in Q2 and a loss after tax of ₹291.10 lakhs (EPS of negative ₹0.17), sharply reversing the profit of ₹254.28 lakhs earned in Q1 FY26. H1 FY26 PAT was negative ₹32.11 lakhs versus a profit of ₹240.43 lakhs a year ago. The auditor S.R. Batliboi & Co. LLP issued an unqualified limited review report. The filing also flags ongoing related-party dealings with parent Gateway Distriparks Limited (GDL) for land/warehouse acquisition at Krishnapatnam and increased GST/VAT demand notices, with the company providing only a partial ₹82.62 lakhs provision against ₹1,849.20 lakhs in disputed demands.
Investors should note the sharp swing into Q2 losses despite revenue growth, signaling cost pressure or one-time items that may weigh on the stock. Rising contingent tax liabilities and significant related-party transactions with the new parent GDL warrant closer scrutiny, though the clean auditor report offers some comfort.