Snowman Logistics Ltd (BOM:538635)
₹ 66.55 0.12 (0.18%) Market Cap: 11.12 Bil Enterprise Value: 13.47 Bil PE Ratio: 99.33 PB Ratio: 2.65 GF Score: 76/100
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Q3 2024 Snowman Logistics Ltd Earnings Call Transcript

Feb 14, 2024 / 10:30AM GMT
Release Date Price: ₹64.34 (-2.23%)

Key Points

Positve
  • Snowman Logistics Ltd (BOM:538635) reported a 5% increase in average realization per pallet.
  • The company has added 20 new products to its existing set of clients, which is expected to generate additional revenue.
  • Snowman Logistics Ltd (BOM:538635) is expanding its warehousing capacity with new facilities in Kolkata and Lucknow.
  • The company is exploring asset-light models by leasing warehouses, which helps in reducing CapEx.
  • Snowman Logistics Ltd (BOM:538635) is targeting a 10%-12% growth in the warehousing segment and a 15% growth in the transportation segment.
Negative
  • The pallet-handled volume for Q3 was lower at 357,000 compared to 414,000 in the previous two quarters.
  • EBIT margins for the warehousing business have declined from 22% to 18%-18.5% due to a change in mix.
  • The transportation segment's EBIT margins have decreased to 1.5% due to the addition of new vehicles and associated depreciation costs.
  • The trading and distribution business has shown limited growth, remaining in the INR35 crores to INR40 crores range for the last four quarters.
  • The company is facing challenges in the CFS business due to increased competition and declining profitability.
Operator

Ladies and gentlemen, good day and welcome to Q3 FY24 earnings conference call of Gateway Distriparks Limited and Snowman Logistics Limited. This conference call may contain certain forward-looking statements about the company, which are based on beliefs, opinions, and expectation of the company as on date of this call.

These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.

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; Mr. Sikander Yadav, CFO, Gateway Distriparks Limited; Mr. Rajguru Behgal, President, Rail, Gateway Distriparks Limited; Mr. Sunil Nair, CEO and Director, Snowman Logistics Limited; Mr. N. Balakrishna, CFO, Snowman Logistics Limited.

Questions & Answers

Operator;Achal Lohade
JM

(Operator Instructions) Achal Lohade, JM Financial.

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