Snowman Logistics Reports Mixed Performance in Q3, Highest Net Sales in 5 Quarters

Snowman Logistics, a smallcap logistics company, recently announced its financial results for the quarter ending September 2024. The stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Snowman Logistics has seen a negative performance in the quarter, with a score of -17 compared to -13 in the previous quarter. However, there are some positive aspects to the company's performance. The net sales for the quarter were the highest in the last five quarters at Rs 143.45 crore, and have been growing consistently each quarter.

On the other hand, there are some areas where Snowman Logistics needs to improve. The Profit Before Tax less Other Income (PBT) for the quarter was at Rs -0.23 crore, showing a decline of -107.35% year on year. The Profit After Tax (PAT) also saw a decline of -79.2% year on year, with a value of Rs 0.61 crore. The company's ability to manage interest payments has also deteriorated, with the Operating Profit to Interest ratio being the lowest in the last five quarters.

The Operating Profit (PBDIT) for the quarter was also at its lowest in the last five quarters, at Rs 22.04 crore. The Operating Profit Margin was also at its lowest at 15.36%, indicating a decline in the company's efficiency. The Non Operating Income for the quarter was 127.38% of the Profit Before Tax, which suggests that the company's income from non-business activities is high, which may not be a sustainable business model.

The Earnings per Share (EPS) for the quarter was at its lowest in the last five quarters, at Rs 0.04. This indicates a decline in profitability and lower earnings for shareholders. Overall, Snowman Logistics has shown a mixed performance in the quarter, with some positive and negative aspects. Investors are advised to hold their position and monitor the company's performance in the upcoming quarters.