Snowman announces Q4FY22 resultsSNOWMAN - 37 Change: 0.65 (1.80 %)
News: Snowman announced its Q4FY22 results. While the topline grew 20% YoY to Rs77 crore, its EBITDA remained flat at Rs17 crore (EBITDA margins contracted 144 bps to 11.7%). Subsequently, PAT arrived at a loss of Rs 0.3 crore vs a profit of 1.5 crore. Net gross block grew to Rs 419 crore in FY22 vs Rs 332 crore in FY21.
Views: Warehousing (61% of revenues) grew 17% YoY, whereas transportation (39%) grew 24%. E-Commerce , Healthcare, QSR and Ice-cream contributed 23%, 22%, 17% and 15% respectively to the topline. The company has commercialized Coimbatore and Pune facility during the quarter. The management has guided for Rs 50 cr FCF for FY23 (8% yield).