Snowman Logistics plans to expand 12-15% capacity every year
Sunil Nair, CEO and Whole-Time Director of the company discussed the fineprint and outlook for 2022.
Snowman Logistics reported a 42 percent year-on-year (YoY) drop in profit after tax (PAT) to Rs 83 lakh for the third quarter of the financial year 2022 (FY22). It had posted a profit of Rs 1.42 crore in the corresponding quarter of the previous year. Its revenue, however, rose over 22 percent YoY to Rs 73.40 crore.
Also Read:
Sunil Nair, CEO and whole-time director of the company discussed the fingerprint of the earnings report and the outlook for the year 2022 with CNBC-TV18. Nair said the company will expand capacity by over 12-15 percent and invest Rs 100 crore in expanding and investing in building facilities this year.
For the full interview, watch the accompanying video.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha Election 2024: I.N.D.I.A. bloc to hold rally at Mumbai's BKC today
May 17, 2024 5:18 PM
In Ayodhya, voters talk of a promise fulfilled and yearning for development
May 17, 2024 2:10 PM
Fight of heavyweights in Sambalpur where farmers, weavers hold the key
May 17, 2024 12:25 PM
Odisha: Fight of heavyweights in Sambalpur where farmers, weavers hold the key
May 17, 2024 10:22 AM