India's Snowman Logistics declines as Q4 profit sinks

TVS Supply Chain Solutions

31/05/2024 07:43

** Shares of Snowman Logistics  SNOW.NS  down 2.7% after
falling as much as 4% to 61 rupees, their lowest since mid-March
    ** Cold-storage logistics service provider's Q4 profit sank
58% Y/Y; rev up 13% but expenses outpace it
    ** More than 954,000 shares traded, 1.6x its 30-day avg
    ** Stock down 3% YTD, compared to a 13% and 16% slump in TVS
Supply Chain Solutions  TVSS.NS  and Allcargo Logistics
 ACLL.NS , respectively

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))