Snowman Logistics jumps after CRISIL reaffirms rating

Snowman Logistics soared 10.35% to Rs 50.65 after Crisil Ratings on 19 April 2021 reaffirmed the company's total bank loan facilities worth Rs 129.75 crore at 'CRISIL A/Stable'.

Snowman Logistics reported a standalone net profit of Rs 1.42 crore in Q3 FY21 compared with a net loss of Rs 3.45 crore in Q3 FY20. Net sales during the quarter rose 2.4% Y-o-Y to Rs 60.18 crore.

Snowman Logistics is engaged in the business of temperature-controlled logistics including transportation by road and distribution of products requiring a temperature-controlled environment.

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