Snowman Logistics Limited — Investor Meet, 11-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Snowman Logistics (Snowman) and Gateway Distriparks (GDL) Q2 FY26 Earnings Call: GDL's rail EBITDA per TEU is ~INR 9,300, down YoY, while CFS EBITDA per TEU is INR 1,000, impacted by one-offs, with a target of INR 1,300-1,400. GDL projects 10-15% volume growth over 2-3 years driven by trade deals and DFC, alongside domestic expansion aiming for 1,000+ TEUs/month. Snowman's transportation segment, currently breaking even, targets high single-digit PBT margins through fleet optimization and customer mix adjustments. Warehousing margins dipped to 3% due to utilization and weather issues, but recovery is anticipated. Snowman plans INR 100-150 Cr annual capex for owned and leased facilities. Management tone reflects cautious optimism, emphasizing operational efficiencies and capitalizing on growth avenues.