Snowman Logistics Limited — Investor Meet, 03-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Gateway Distriparks & Snowman Logistics reported Q4 FY25 with Snowman adding Rs. 145 Cr revenue, Rs. 25 Cr EBITDA, and Rs. 3.5 Cr PAT. Snowman’s warehousing margins dropped to ~11% due to lower-margin “Park ‘n’ Pay” growth and Amazon’s exit; 5PL margins now at 6-8%. Key CAPEX includes Rs. 100-150 Cr for Snowman and Rs. 30 Cr for Gateway. Rail volumes stayed stable (~92-93k TEUs/quarter) with steady market shares and improved efficiency from 41% double stacking. Expansion delayed by land issues; focus on selective, asset-light growth. New 5PL clients added, with attention on inventory risk. Exceptional items impacted by Rs. 258 Cr goodwill impairment; management remains cautiously optimistic on volumes and margin improvement.