Q2 FY27 earnings call transcript: on track to cross INR100 crores EBITDA; Jaipur ICD order reserved
Transcript of the Q2 FY27 earnings call, held jointly with Gateway Distriparks on October 28, 2026, is now on record.
By ScoutQuest · · 2 min read
- EBITDA outlook
- on track to cross INR100 crores EBITDA again this year
- Jaipur ICD timeline
- up to 18 months to full operations if the order is favourable
- Earnings call date
- October 28, 2026
The update places on record the transcript of the Q2 FY27 earnings call, held jointly with Gateway Distriparks Ltd on October 28, 2026. Chairman Prem Kishan Dass Gupta, CEO Padamdeep Singh Handa and CFO Raghav Garg represented Snowman Logistics on the call.
Cold chain business
- Management said the company is probably on track to cross INR100 crores EBITDA again this year.
- Warehousing and transport are seeing improvement.
- 5PL has not been pursued as aggressively as projected earlier because of lower margins; such business can be taken, but at low margin.
- Profit after tax remains modest because interest and depreciation are high from continued reinvestment. Some PAT growth is possible, but the stated focus is on operating cash flow from the investments, which are described as long-term generating assets.
Jaipur ICD
- All final arguments have happened and the order is reserved.
- Management is hopeful of an order in its favour, after which construction can start and operations can be planned.
- Getting the ICD fully up and running would take up to 18 months from a favourable order.
Gateway Distriparks, the other company on the call
- Rail volumes: 100,000 TEUs per quarter is described as the bare minimum target for the rest of the year, with double-digit growth maintained for next year.
- Ankleshwar has all its EXIM permissions in place, with volumes expected from Q3 and a full year of Ankleshwar EXIM operations next year.
- The container business is back to around 100,000 TEUs per quarter and INR100 crores EBITDA, a level it was at before the war; Q2 is seasonally stronger than Q1.
- Price increases were passed on to customers after fuel hikes, largely as a pass-through since costs also rose.
- On Western DFC, Gateway Distriparks ran its first double stack train on 20th of June. JNPT's rail coefficient is only 14% to 15%, and any increase there is seen as an opportunity.
Points a retail investor may track
- The order in the Jaipur ICD matter.
- Ankleshwar EXIM volumes from Q3.
- Whether the EBITDA run-rate indicated for the cold chain business is met for the full year.
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Snowman Logistics files audio recording of October 28, 2026 earnings call on Q2 FY2027 results
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Snowman Logistics Q2 FY27: revenue up 5.1% to ₹163.6 crore, EBITDA up 22.8%, swings to profit
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More numbers
- Snowman EBITDA level expected this yearINR100 crores
- Time to make Jaipur ICD fully operational after favourable order18 months
- Minimum quarterly rail volume target100,000
- Container business quarterly volume level cited100,000
- Container business quarterly EBITDA level citedINR100 crores
- JNPT rail coefficient (lower end)14%
- JNPT rail coefficient (upper end)15%
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