Latest news with #SnowmanLogistics
Yahoo
28-05-2025
- Business
- Yahoo
Snowman Logistics Ltd (BOM:538635) Q4 2025 Earnings Call Highlights: Revenue Growth Amidst ...
Full Year CFS Revenue: 46 crores, adjusted for accounting method changes. Snowman Logistics Revenue: 145 crores for the full year. Snowman Logistics EBITDA: 25 crores for the full year. Snowman Logistics PBT: 3 crores for the full year. Provision for Stamp Duty: 12.8 crores due to merger-related provision. Exceptional Income Adjustment: 131 crores net after fair value adjustment of equity. Warning! GuruFocus has detected 4 Warning Sign with BOM:538635. Release Date: May 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Snowman Logistics Ltd (BOM:538635) reported a significant increase in revenue due to the consolidation of its operations, resulting in 145 crores of revenue for the full year. The company is expanding its warehouse capacity with new facilities in Kolkata and Krishnapatnam, expected to commence operations in June and July 2025, respectively. Snowman Logistics Ltd has added new clients to its 5PL business, including Unilever and an Indonesian coffee chain, which is expected to boost future revenue. The company is exploring both asset-light models and traditional CapEx for expansion, indicating flexibility in its growth strategy. Despite challenges, Snowman Logistics Ltd has maintained a strong market position, particularly in the NCR and Ludhiana regions, with regained market share in key areas. The company faced a significant decline in EBIT for its transportation services segment, dropping approximately 90% in the quarter. Margins in the warehousing segment have decreased from 18-19% to 11% over the past few years, partly due to a shift in business mix and cost pressures. The 5PL business, while growing in revenue, has seen a decline in margins due to changes in product mix and new business with lower margins. Snowman Logistics Ltd took a one-time provision hit of 12.8% growth due to a merger-related stamp duty provision, impacting financial results. The company is facing challenges in land acquisition for new satellite terminals, which could hinder future expansion plans. Q: Can you clarify the timeline for the facilities in Kolkata and Krishnapatnam, and what revenue growth targets are set with the increase in warehouse capacity? A: The Kolkata facility will start in June, adding 6,000 pallets. The Krishnapatnam facility will be operational in July. The expansion plan includes a second phase for Krishnapatnam, with potential conversion of another warehouse to a cold store. Q: Despite increased revenue in transportation services, EBIT declined significantly this quarter. What caused this? A: N. Balakrishna, CFO, explained that the decline is due to additional provisions taken as a precaution and a slight dip in margins this quarter. Q: What is the capital structure for the planned CapEx of 100 to 150 crores? A: The company plans to maintain the 80:20 model, with 80% funded through debt and 20% from internal accruals. Q: Why has the cash conversion cycle increased, and how does this fit into the working capital strategy? A: Samvid Gupta, Non-Executive Director, explained that the variation is due to business mix changes, particularly in the 5PL business, affecting terms with different customers. Q: What caused the decline in warehousing margins from 18-19% to 11%? A: The decline is due to a shift in business mix, with increased growth in the 5PL business, which has lower margins. Additionally, the park and pay model, which grew significantly, offers lower percentage margins. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
27-05-2025
- Business
- Business Standard
Snowman Logistics Q4 PAT surges 81% YoY to Rs 4 cr
The temperature-controlled logistics provider reported 81.4% surge in consolidated net profit to Rs 3.90 crore on a 8.27% rise in revenue from operations to Rs 137.01 crore in Q4 March 2025 over Q4 March 2024. Profit before tax (PBT) fell 58.55% year-on-year to Rs 3.25 crore in Q4 FY25. EBITDA also declined 18.35% YoY to Rs 24.38 crore in Q4 FY25. In Q4 March 2025, Snowman received a deferred tax credit of Rs 1.45 crore, effectively reducing its total tax expense to Rs 0.65 crore. This negative tax expense boosted the net profit in Q4FY25. In comparison, in Q4 March 2024, the company incurred a deferred tax expense of Rs 4.52 crore, taking the total tax expense to Rs 5.69 crore. As a result, the PAT fell to Rs 2.15 crore in Q4FY24. On the segmental front, revenue from trading and distribution stood at Rs 43.46 crore (up 21.84% YoY), revenue from transportation services was at Rs 35.73 crore (up 5.49% YoY), and revenue from warehousing services was at Rs 57.82 crore (up 1.46% YoY) during the quarter. On a full-year basis, the company's net profit declined 55.2% to Rs 5.69 crore on a 9.8% rise in revenue to Rs 552.53 crore in FY25 over FY24. Prem Kishan Dass Gupta, chairman of Snowman Logistics, said, The company delivered strong revenue growth during the year, driven by continued expansion of its distribution business and the strategic shift towards a 5PL model. This performance was achieved despite a challenging market environment, marked by muted consumption trends across India. Additionally, the companys earnings were impacted following Amazons decision to shut down the fulfillment center operation model in India, which led to the exit of dedicated warehousing operations previously provided to them. Our new projects at Kolkata and Krishnapatnam have faced some delays, and we expect our Kolkata facility to be operational any day now, with Krishnapatnam coming in the second quarter. In addition, we plan to continue expanding our network and are in the process of finalizing new locations for cold storage as per the requirements of both our existing & potential customers, for which the projects should commence in the second half of the year. Snowman Logistics is engaged in the business of temperature-controlled logistics, including, but not limited to, storage, transportation by road, and distribution of products requiring a temperature-controlled environment. Shares of Snowman Logistics fell 1.45% to Rs 58.99 on the BSE.
Business Standard
27-05-2025
- Business
- Business Standard
Snowman Logistics standalone net profit rises 81.40% in the March 2025 quarter
Sales rise 8.27% to Rs 137.01 crore Net profit of Snowman Logistics rose 81.40% to Rs 3.90 crore in the quarter ended March 2025 as against Rs 2.15 crore during the previous quarter ended March 2024. Sales rose 8.27% to Rs 137.01 crore in the quarter ended March 2025 as against Rs 126.54 crore during the previous quarter ended March 2024. For the full year,net profit declined 55.23% to Rs 5.69 crore in the year ended March 2025 as against Rs 12.71 crore during the previous year ended March 2024. Sales rose 9.77% to Rs 552.53 crore in the year ended March 2025 as against Rs 503.37 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 137.01126.54 8 552.53503.37 10 OPM % 17.5521.34 - 16.1620.17 - PBDT 18.5923.57 -21 69.0784.52 -18 PBT 3.257.84 -59 5.9925.25 -76 NP 3.902.15 81 5.6912.71 -55
