Interest and depreciation leave Snowman with Rs 4.55 cr profit
Standalone operating profit was Rs 28.61 cr, but Rs 6.52 cr interest and Rs 17.38 cr depreciation reduced PBT to Rs 7.03 cr.
Filed 05 Aug 2026, 12:19 IST · SNOWMAN (SNOWMAN)
Key takeaways
- Standalone results produced an operating profit of Rs 28.61 cr, but interest and depreciation reduced profit before tax to Rs 7.03 cr.
- Other income of Rs 2.32 cr was material to the Rs 7.03 cr PBT, while the 35.38% tax rate shaped net profit of Rs 4.55 cr.
- Management said warehousing grew 12.6% YoY and identified Pune, Patna and Hyderabad projects with capacities of 5,904, 6,444 and 10,000 pallets.
Operating profit did not translate into much pre-tax profit
Snowman’s standalone operating profit of Rs 28.61 cr was reduced sharply by Rs 6.52 cr of interest and Rs 17.38 cr of depreciation, leaving PBT at Rs 7.03 cr. Other income of Rs 2.32 cr was a material component of PBT, so reported profit quality was not entirely operating-led. Tax of Rs 2.49 cr at a 35.38% rate brought net profit to Rs 4.55 cr.
Warehousing growth came amid a difficult operating environment
The company’s presentation said the operating environment was challenging because of the geopolitical situation. Management said the warehousing services segment grew 12.6% YoY in the quarter, providing a specific area of growth despite that backdrop. The company also said digital platforms and real-time visibility were being used to improve customer experience.
Three build-outs and a new cold-chain offering broaden the footprint
Management said Pune, Patna and Hyderabad built-to-suit projects were under construction, with capacities of 5,904, 6,444 and 10,000 pallets respectively. The company said it plans to add infrastructure around customer requirements through asset-light and built-to-suit models. Management also said Snowman had introduced 5PL in cold-chain logistics and supply-chain management.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹178 cr |
| Other income | ₹2 cr |
| Expenses | ₹149 cr |
| Operating profit | ₹29 cr |
| Operating margin (%) | 16.10% |
| Interest | ₹7 cr |
| Depreciation | ₹17 cr |
| Profit before tax | ₹7 cr |
| Tax | ₹2 cr |
| Net profit | ₹5 cr |
| EPS (₹) | ₹0.27 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- The warehousing services segment grew 12.6% year over year in the quarter.
Expansion
- Pune, Patna and Hyderabad BTS projects are under construction with capacities of 5,904, 6,444 and 10,000 pallets, respectively.
- The company plans to augment infrastructure based on customer requirements through asset-light or built-to-suit models.
New products
- Snowman introduced 5PL in the cold-chain logistics and supply-chain management sector.
New initiatives
- Digital transformation is being used to improve customer experience through technology-enabled platforms and real-time visibility.
Problems & risks
- The company reported a challenging operating environment caused by the geopolitical situation.
What to watch
- Whether the gap between operating profit of Rs 28.61 cr and PBT of Rs 7.03 cr narrows.
- Whether warehousing growth remains above the reported 12.6% YoY rate.
- Progress on the Pune, Patna and Hyderabad projects with capacities of 5,904, 6,444 and 10,000 pallets.