Snowman Logistics Limited has informed the Exchange about Transcript
SNOWMAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Snowman Logistics filed the transcript of its Q4 FY25 earnings call held on May 27, 2025, jointly with parent Gateway Distriparks. Snowman became a Gateway subsidiary in December 2024, adding Rs. 145 crore revenue, Rs. 25 crore EBITDA, and Rs. 3.5 crore PAT to consolidated numbers. A goodwill impairment of Rs. 258 crore was taken (linked to share price decline from Rs. 75 to ~Rs. 50), with net positive Rs. 131 crore for the year. Margins came under pressure — warehousing margins slipped from 18-19% to 11% due to Amazon business shutdown (Rs. 10-11 crore impact), lower-margin 'Park n Pay' growth, and a 15% decline in meat/seafood/poultry volumes. 5PL gross margins guided lower to 6-8% from 8-9%, partly due to new lower-margin Unilever and Kopi Kenangan contracts. New Kolkata facility (6,000 pallets) starts in June 2025, Krishnapatnam in two phases (July 2025 and July 2026). CAPEX of Rs. 100-150 crore per year for Snowman, 80% to be debt-funded. Gateway's rail EBITDA per TEU stood at Rs. 9,500-9,600, with market share in Ludhiana regained to 27% and double stacking improved to 41%.
Margin pressure in both core warehousing and 5PL segments is a clear negative, though partly explained by mix changes and one-off losses. Capacity expansion and new 5PL clients support future growth, but the Rs. 258 crore goodwill write-down (non-cash) and continued reliance on debt for capex may weigh on investor sentiment. No merger or stake increase plans announced despite Rs. 100+ crore cash on Gateway's books.