Gateway Distriparks Ltd

- There is no explicit mention of any current or planned new fundraising through debt or equity in the transcript. - The management discussed capex plans, indicating spending about INR100-150 crores per year primarily on owned warehouses and some fleet expansion, but did not mention raising fresh capital through debt or equity. - They did mention preference for a two-pronged strategy: owning warehouses and leasing others but without specifying new funding sources. - On ownership, Gateway Distriparks aims to cross 50% stake in Snowman Logistics but have no immediate plans beyond that; no mention of capital raise related to this. - Overall, no direct comments on new debt or equity fundraising were made during this conference call.

- Snowman Logistics plans to spend INR 100-150 crores per year primarily on: - Developing 2-3 owned warehouses or acquiring owned land annually. - Small capex for build-to-suit (BTS) projects and transportation fleet expansion, including exploring EV and CNG vehicles. - Acquiring approximately two build-to-suit facilities per year. - For domestic container equipment: - Currently holding 800-900 owned domestic containers. - Supplementing with short-term leased containers and purchasing new or secondhand containers, costing INR 3.5-4 lakh per 40-feet container. - Considering both domestic and imported (China) container options based on cost efficiency. - No immediate plans for acquiring Indian Railways terminals or satellite terminals; no change on Jaipur project. - Fleet optimization involves phasing out aging vehicles and increasing leased assets while investing in newer vehicles to improve utilization.

- Expecting 10% to 15% volume growth from existing locations over the medium term (2-3 years), driven by increased double stacking and connectivity to the DFC and Nava Sheva port. - Positive trade negotiations with UK, EU, US, and New Zealand underpin volume growth prospects. - Import volumes are strong; exports saw a temporary dip due to US tariffs but are expected to stabilize and grow once trade deals finalize. - Domestic volumes are planned to scale up, targeting 1,000+ TEUs per month in the next 2 years from locations like Ankleshwar. - Domestic business, though lower margin, expected to contribute 10%-15% of overall volumes in few years. - Warehousing business sees good growth potential with new facility commissioning and increasing utilization. - Snowman Logistics plans INR100-150 crore annual capex for owning warehouses and fleet expansion, supporting volume and revenue growth.

- Gateway Distriparks expects **10%-15% volume growth** over the medium term (2-3 years) driven by double stacking, trade deals (UK, EU, US, New Zealand), and shift from road to rail with DFC connectivity to Nava Sheva. - Domestic volumes are targeted to reach **1,000+ TEUs per month within 2 years**, potentially contributing 10%-15% of overall business in the longer term. - EBITDA per TEU (rail) is currently around INR 9,300 with improvements expected, but metrics may evolve due to increasing domestic volumes. - CFS EBITDA per TEU target remains at INR 1,300 to INR 1,400 after recovering from recent one-offs. - Snowman Logistics targets to improve transportation profitability, moving from break-even levels back to prior **7%-8% PBT margins** by realigning fleet and business model. - Warehousing margins expected to rebound to historic levels (~10%-12% PBT) from Q4 FY26 onwards due to improved utilization and lower power costs. - Overall, positive traction and growth expected in revenues and profits in coming quarters and medium term.

The transcript provided from the Gateway Distriparks Limited & Snowman Logistics Limited Q2 FY26 Earnings Call on November 04, 2025, does not explicitly mention the current or expected order book or pending orders. However, some related insights include: - Snowman Logistics is working on 2-3 major accounts in the 5PL segment, with at least one expected to close in FY '26 and operations possibly starting in FY '27. - Discussions about new customers and pipeline progress indicate ongoing business development but no specific pending order backlog is detailed. - Capex plans reflect ongoing investments rather than orders: INR 100-150 crores annually primarily on warehouses, fleet enhancements, and some build-to-suit (BTS) projects. - There is no direct mention of orderbook value or pending orders in the transcript. No precise data on order backlog or pending orders is disclosed in this call.