Snowman Logistics Ltd

- No specific details or announcements about current or immediate future fundraising through debt or equity were mentioned in the Q2 FY 2025-26 earnings call transcript of Gateway Distriparks Limited and Snowman Logistics Limited. - The management did discuss planned capex primarily funded through internal accruals and lease models, especially for containers and warehouses. - For Snowman Logistics, the planned annual capex is about INR 100-150 crores, focused on owned warehouses and some build-to-suit models, without explicit mention of raising new funds. - Any changes in ownership stakes, such as Gateway's stake in Snowman, have no immediate plans for alteration. - Overall, there is no indication from the provided transcript about plans for raising debt or equity in the near term.

- Snowman Logistics plans to spend INR 100-150 crores annually primarily for: - Developing 2-3 owned warehouses or acquiring owned land. - Small capex for build-to-suit (BTS) warehouses. - Expanding transportation fleet, including exploring EV and CNG vehicles. - Strategy for warehouses: - Two-pronged: own land and construct warehouses or opt for fully leased, built-up facilities. - Decision to own or lease depends on cash flow and opportunity availability. - For containers (domestic side): - Currently have 800-900 owned domestic containers. - Considering short-term leases and purchasing brand-new or secondhand containers (~INR 3.5-4 lakh per 40ft container). - Evaluating both domestic and imported (China) containers for cost-effectiveness. - No current plans for applying to Indian Railways terminals or satellite terminals; no update on Jaipur terminal development.

- Gateway Distriparks expects 10% to 15% volume growth from existing locations over the medium term, driven by enhanced double stack operations and connectivity improvements like the DFC linking to Nava Sheva. - Positive trade deal implementations with the UK, EU, US, New Zealand, and others are anticipated to boost export volumes. - Domestic volumes are planned to grow, targeting 1,000+ TEUs per month in the next 2 years from domestic services initiated at Ankleshwar, potentially contributing 10-15% to overall business after a few years. - Snowman Logistics anticipates good positive quarter-on-quarter growth in warehousing revenues, with new facilities commissioning and utilization expected to improve from December onward. - Capex of INR100-150 crores yearly planned for warehouse and fleet expansion at Snowman to support growth. - Overall, a robust growth outlook is projected in upcoming months, driven by import volumes, new trade agreements, and expansion in domestic logistics.

- Gateway Distriparks expects 10-15% volume growth over the next 2-3 years driven by trade deals (UK implemented, EU and US expected), and increased rail usage via the DFC connection to Nava Sheva. - EBITDA per TEU for rail is around INR 9,300 currently, with a target range of INR 9,000-10,000 in future; domestic volumes with lower per TEU margins will also contribute incrementally. - Snowman Logistics aims to improve transportation segment profitability by fleet optimization and replacing aging vehicles, targeting a return to previous PBT margins (~7-8%). - Warehousing margins expected to revert from current dip (3% PBT) back to 10-12% over coming quarters as utilization improves. - Domestic logistics volumes are targeted to grow to 1,000+ TEUs per month in 2 years, potentially contributing 10-15% of business with overall positive margin impact. - Export volumes may improve post resolution of US tariff issue; imports remain strong supporting growth.

The transcript does not provide explicit details on the current or expected order book or pending orders for Gateway Distriparks Limited & Snowman Logistics Limited. However, relevant points indicate: - Snowman Logistics is working on 2-3 major 5PL accounts expected to close in FY '26, with operations starting Q1 or Q2 of FY '27. - The companies are expanding domestic container volumes, targeting 1,000+ TEUs per month in the next 2 years. - New build-to-suit warehouse facilities are under development, with plans to own or lease warehouses depending on cash flow and opportunities. - Capex plans of INR 100-150 crores annually focus on owned warehouses, fleet upgrades, and exploring EV/CNG vehicles. - No specific order book or pending orders data was disclosed during the call. For detailed order book information, the management suggested reaching out directly to investor relations.