Snowman Logistics lost 4.03% to Rs 53.65 at 11:51 IST on BSE after the company posted a net loss of Rs 3.60 crore in Q2 September 2017, compared with net loss of Rs 8.30 crore in Q2 September 2016.
The result was announced after market hours yesterday, 8 November 2017.Meanwhile, the S&P BSE Sensex was up 59.86 points or 0.18% at 33,278.67.
On the BSE, 1.14 lakh shares were traded on the counter so far against the average daily volumes of 2.15 lakh shares in the past two weeks. The stock had hit a high of Rs 55.40 and a low of Rs 53.50 so far during the day.
Snowman Logistics' sales declined 5.44% to Rs 45 crore in Q2 September 2017 over Q2 September 2016.
Sunil Nair, CEO of Snowman Logistics, stated that the company has been able to cut down losses considerably year on year in Q2 September 2017 primarily due to its vehement focus on cost optimization. However, the losses continue on account of GST implementation which slowed down the goods movement in the country for major part of Q2, Nair said.
Snowman Logistics is an integrated temperature controlled logistics services provider with an ability to service customers on a pan India basis.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app