Q3 2026 Snowman Logistics Ltd Earnings Call Transcript
Key Points
- Snowman Logistics Ltd (BOM:538635) has shown a commitment to transparency by providing detailed explanations of tax matters and disputes.
- The company is expanding its capacity with plans to increase its warehousing capacity from 155,000 to 200,000 in the next 2-3 years.
- Snowman Logistics Ltd (BOM:538635) is actively pursuing growth in the warehousing segment, with new facilities planned in Pune and other locations.
- The company is able to pass on cost increases to customers, as evidenced by successful price hikes in recent contract renewals.
- Snowman Logistics Ltd (BOM:538635) is generating healthy cash flow, which is being reinvested into the business for further growth.
- The warehousing segment has seen a decline in margins, dropping from above 20% to less than 3%, due to a shift in business mix towards lower-margin dry storage.
- There are ongoing tax disputes and claims, which have been a concern for investors regarding the company's governance practices.
- The company has faced issues with land disputes, such as the Krishnapatnam transaction, which is under dispute due to government claims.
- Snowman Logistics Ltd (BOM:538635) has a high level of debt, with plans to finance 75%-80% of its annual INR100 to INR150 crore CapEx through debt.
- The bottom line is not currently reflecting profitability due to high interest costs and depreciation, despite positive cash flow generation.
Ladies and gentlemen, good day and welcome to the Q3 FY26 earnings conference call of Gateway District Parks Limited and Snowman Logistics Limited. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as of the date of this call.
These statements are not the guarantees of future performance and involve risk and uncertainties that are difficult to predict. Please note that this conference is being recorded. (Operator Instructions)
Today on the call we have Mr. Prem Kishan Dass Gupta, Chairman and managing director, Mr. Ishaan Gupta, joint managing director, Mr. Samvid Gupta, joint managing director. from Gateway Distriparks Limited, Mr. Kartik Sundaram Aiyer, CFO, Mr. Rajguru Behgal, Chief Business Officer, Mr. Manoj Singh, Chief Strategy Officer.
From Snowman Logistics Limited, Mr. Padamdeep Singh Handa, CEO and Director, Mr. Raghav Garg, CFO. We will now directly begin the question-and-answer session. Anyone who wishes to ask a question may use the reason and option.
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