Snowman Logistics Limited (NSE: SNOWMAN) Q1 2026 Earnings Call dated Jul. 29, 2025
Corporate Participants:
Unidentified Speaker
Prem Kishan Dass Gupta — Chairman/Managing Director
Rajguru Behgal — President Rail, Gateway Distriparks Limited
Analysts:
Unidentified Participant
Rehan Syed — Analyst
Achal Lohade — Analyst
Aditya Mongia — Analyst
Kunal Tokas — Analyst
Presentation:
operator
Ladies and gentlemen, good day and welcome to the Q1FY26 earnings conference call of Gateway District Parks Limited and Snowman Logistics Limited. This conference call may contain forward looking statements about the company which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Should you need assistance during the conference call, please signal an operator by pressing Star then zero on a dasht phone. Please note that this conference is then recording today.
On the call we have Mr. Clean Mr. Prem Kishan Daz Gupta, Chairman and Managing Director Mr. Ishan Gupta, Joint Managing Director Mr. Sambit Gupta, Joint Managing Director from Gateway District Parks Ltd. Mr. Karthik Sundaram, IAS CFO Mr. Rajkulu Begal, Chief Business Officer Mr. Manoj Singh, Chief Strategic Officer from Snowman Logistics Ltd. Mr. Parambi Singh Hander, CEO and Director Mr. N. Balakrishna, CFO I would now hand the conference over to Mr. PR Kishan Daz Gupta, Chairman and Managing Director from Gateway District Parkland. Thank you. And over to you sir.
Prem Kishan Dass Gupta — Chairman/Managing Director
Thank you. Good afternoon ladies and gentlemen and thank you for joining us today. It is my privilege to address you at the outset of our quarterly earnings call. I hope everyone has had an opportunity to look at our investor presentation and Pres yield that is uploaded on our website and stock exchanges. I’m pleased to report that our performance during the quarter as seen strong year on year improvement. This is largely attributable to the Red Sea disruption that adversely impacted the first quarter of the previous financial year. Our volumes have been consistent along with slight increase in market share in the.
Regions where we operate. There are some geopolitical and geo economic conditions that remain but we expect them to stabilize soon. India has already closed a trade deal with UK and is expected to close similar deals in USA and EU which will improve exim volumes. It may not lead to immediate impact but it will be good for long term business. As Indian exporters competitiveness improves. The business remains stable where our EBITDA business was around 9,100 EU slightly down due to the higher empty and underpinned running lower double stacking and increased impact imbalance due to lack of exports. Our QS plus business sees some improvement with an EBITDA per tu around rupees 1500.
Our focus on expanding our inland container terminal network continues. However, land acquisition continues to be a challenge. These delays are unfortunate, but we remain committed. We remain committed and are large actively engaging on multiple fronts to finalize new location. By exploring domestic opportunities as well as asset light models, Oman continues to maintain its position as the market leader and as it adds further capacity in Calcutta, Vishnu Vatnam and Kundi in ncr, we have plans to add more capacity in both own and light technology and continue our expansion in the 5pm mobile world. With that, I now hand over to the moderator for the Q and A session.
Thank you.
Questions and Answers:
operator
Thank you. We will now begin the question and answer section. Anyone who wishes to ask question May Press Star N1 on the touchdown telephone. If you wish to remove yourself from question Q, you May Press Star N2. Participants are requested to use handsets while asking a question. Participants are also requested to limit themselves to three questions at a time to give others in the queue a chance and can rejoin the queue thereafter. We’ll wait for a moment while the question queue assembles. The first question is from the line of Rehan Syed from Trina Asset Managers.
Please go ahead.
Rehan Syed
Hello, Am I audible?
operator
Yes sir.
Rehan Syed
Good evening to all of the team and thank you for giving this opportunity. So in the first place, your voice is breaking. So I just want clarification on the PNL side. Like all the operating expenses increased Y despite revenue growth. So are these specific cost headwinds in clean manpower technology investment that we should expect to continue in fit into going forward?
Prem Kishan Dass Gupta
There’s some echo or some disturbance coming. When you’re speaking something louder. Can you.
operator
So can you just please use your handset to ask the question please. Actually there is a micro from your line.
Rehan Syed
Oh now. Now I’m audible.
operator
Yes sir.
Rehan Syed
So I want some more clarification regarding the operating expenses increased Y despite revenue growth. So are there specific cost headwinds in fuel, manpower, technology investment that we should expect to continue in COP22?
Prem Kishan Dass Gupta
These are general increases, you know, yearly there’s manpower and minimum wage and fuel increases keep the hikes keep happening. So part of that only.
Rehan Syed
Okay, so it’s like. It’s like a recurring excess we are seeing in the quarter.
Prem Kishan Dass Gupta
Yes, this quarter had more under frame and empty running. So we do expect some improvement in margin going forward as the overall imbalance also improves.
Rehan Syed
Okay, and my second question is around the CPU tech. The company has made significant investment in digital platforms in IoT based monitoring. Could you please share any quantitative impact on cost saving or service levels from this initiative so far?
Prem Kishan Dass Gupta
Hard to quantify, but we continuously keep investing in it just to stay ahead of the curve. Like we have OCR technology at our ICDs now. We were the first to do RFID and GPS. But again it’s very hard to keep quantifying things like this. It’s a continuous improvement that we keep working on.
Rehan Syed
Okay, okay. The last question from my side in the year highlighted the use of rooftop solar and renewable energy integration and warehouses. So say targets for renewable power uses in next two to three years. Potential impact margins coming we have seen coming forward.
Prem Kishan Dass Gupta
So all our majority of our warehouses say 80, 90% of all our locations in both Gateway snowmans put together have sold us. We’ve just done this under the OPEX model where someone else invests and we just take the benefit. We take like a discount for the grid it but now going forward we’re evaluating doing it ourselves where we invest in the solar and then it will be about two rupees or two and a half rupees compared to something the average is about 4 and a half rupees right now. Then we’re also looking at electric lease packers, electric vehicles for movement that also it’s about the capex is almost double but the OPEX is about one third, one fourth so there are savings there.
Also other than this, we’re also looking at L and B vehicles. So that’s also similar lines to EV vehicle. We have about 65 vehicles. 65, 70 vehicles. So that also is focused more on the greener side.
Rehan Syed
Okay, okay. Okay. That’s it for everyone. Thank you and good luck for your upcoming partner.
operator
Thank you. A reminder to all the participants, you may press start and when to ask questions. The next question is from the line of Anju Lohade from Nuama Institutional Equities. Please go ahead.
Achal Lohade
Yeah. Good afternoon team. Thank you so much for the opportunity. My first question is if you could help us understand in terms of the competitive intensity the overall exit growth if we have gained maintained market share.
Prem Kishan Dass Gupta
So the trend for the last couple of quarters has been roughly the same. So whatever market share we’ve been reporting, it’s broadly along the lines of that only no fresh competition intensity has increased. Anything like discount levels also remain more or less the same.
Achal Lohade
Right. If you could help us understand if I see the numbers right, 319 crores of revenue in real segment which implies a realization of 34,200 which is down about 3% YoY, is it entirely to do with the lead distance or is it to do with anything specifically on the pricing part?
Prem Kishan Dass Gupta
So it’s more mix of empty versus laden. So we’ve done more empties in the last quarter due to the imbalance. So you’ll see a decline in revenue per TU because of that.
Achal Lohade
Would it be possible to get some sense how the empties are usually. And what was it in first quarter?
Prem Kishan Dass Gupta
We’re not really sharing the breakup publicly for MT versus jd?
Achal Lohade
Right. But on an average, how. How much would that be typically? Would that be 15, 20% or could that be 30, 40%?
Prem Kishan Dass Gupta
I mean that’s like I said, we’re not getting into the split of versus NP.
Achal Lohade
Understood. And you said margin was 9,100 rupees per tu? I presume this again includes the other income but X of other income, how much would that be? Would that be closer to 9000 per team?
Prem Kishan Dass Gupta
It’s only about 2.9 crores otherwise majority of it is business related only. So we’re not measuring it other side.
Achal Lohade
Right. And in terms of the outlook, how do you see that, you know, in terms of the margins?
Prem Kishan Dass Gupta
So the scope to increase double stacking possibly we go back to 9,500 in the coming quarters.
Achal Lohade
Right. And if I may ask, you know, in terms of the volumes, how do we see last two, three quarters? We are seeing rather four quarters. We are stuck in that 92 to 94,000 EU’s on a quarterly basis. If you could give us some sense in the near term and from a medium term perspective, how do you see this?
Prem Kishan Dass Gupta
Generally Q1 is weaker. I know last year was weak because of the Red Sea board and so but for Q1 even to stay at the same level that we did for Q4, it’s a good achievement. For even the rest of the year we should see some growth coming in targeting a double digit growth for the entire year.
Achal Lohade
Okay, so which implies a very steep ask for the balance nine months. Is that still doable according to you?
Prem Kishan Dass Gupta
Yeah, I think it’s possible.
Achal Lohade
Okay, got it. If I may ask further question, you know with respect to the dfc, what is the update you have with respect to the connection at JNPT&B? How does it impact us?
Rajguru Behgal
Yeah. Hi Rajnu, this is. So right now we have the same status. The last stretch of 100km it is just to get operational. So what we are expecting as per dfc so it will get operational by like on the side they are telling 31st December 2025 but when we spoke to them. So we expecting that it should get completed by 31st March 2026.
Achal Lohade
Right. And when it gets connected, does it benefit us, hurt us? In terms of given we are not really much present at the jmpt.
Rajguru Behgal
So it is too early to say. Because you know there are multiple, you. Know factors that will come into play. How the shipping lines are going to do their vessel rotation and how the cargo which is going to Depava and Mundra, how the exporter importers they are going to ship. Because ultimately it is the Extra distance of 300 km visible with mudra and Tipawa. So that will also come into play. And what pricing shipping line are going to come up and what the pricing the port authorities are going to come up with. So that is something which will determine how much volume will get shifted. But we have a Pan India license. And we have that advantage that after conquer. So we are the only ones with private operators who have a regular services towards jmbt. And definitely we will foresee an advantage once this corridor starts.
Achal Lohade
Understood. Thank you. I have more questions but I’ll fall back in the queue. Thank you.
operator
Thank you. The next question is from the line of Aditya Mondi from Kotak Securities. Please go ahead.
Aditya Mongia
Hello everyone. Thank you for the opportunity. I hope I’m audible to you all. Thank you. Go ahead. In my question, the first question is we talked about the double stacking quotient declining for you in the quarter. A, could you quantify the quantum of double tracking for the quarter And B why is it anticlining?
Prem Kishan Dass Gupta
So it’s 39% and it’s basically declined due to lack of export. There’s also realignment of trade certain volumes rather than which is further increasing their balance. Also there’s a slight echo on your line. So I just request if you’re on speaker or something.
Aditya Mongia
Understood. I hope this is better from my side. The second question that I had was. The second question that I had was if you could share the individual market share that you typically do for the key markets of Ghana, NCR and others, that will be helpful.
Rajguru Behgal
So basically we have been able to retain the same kind of market share. At NCR we have retained between 16 to 17%. And LJNA we have retained 27% and Uttarakhand 37%.
Aditya Mongia
Okay. The third question that I had was. More on the guidance of 9,500 rupees of EBITDA per TEU. At some of time this was 10,000 rupees kind of guidance. And our numbers have fallen to about 9,100. I understand there is an empty mix issue inside, but just wanted to get a sense of how to think through the steps that need to be taken to get to 9,500 and what is the outside chance of doing better than that?
Prem Kishan Dass Gupta
9,500 would be our normal only, so that would just be with slight better grade volumes like export increasing and there was some double stack restrictions during the months of May and June so that is no longer there. So we should probably get back there quite fast. 10,000 plus we had kind of said that it would be connected to Bombay with EFC and also we had factored a GAPOL coming in. But still, that being said, we can still look towards the 10,000 even when Bombay comes in.
Aditya Mongia
Okay, the last question that I had. Was I just wanted to get a. More comprehensive response on Jaipur and outside. What are the key cases including an outside Jaipur wherein there is some issue linked to land acquisition and what has been the progress in the last quarter gone by? Because I see several disclosures inside which talk about beyond Jaipur, certain other issues and Snowman and the CFA side of things. So it’d be useful to get a confidence response from the company. I would say.
Prem Kishan Dass Gupta
Yeah. There’s only one other land issue going on which is in Krishna. So basically Media sold some land to Snowman and part of it was registered, part of it didn’t get registered because there’s some old survey from old records from the 1920s which are being questioned by the local government over there. So we filed an appeal over there to get this land registered but it’s not stopped any operations at all. So we don’t believe that this will have any effect for us. But it is an old case and we can’t do anything about it. And we believe we’re in the right because when GDL bought the land it got registered without any problems.
It’s only when Snowman was signed or fired from within gdl. So that will get sorted out soon hopefully. Therefore we’ve already disclosed what’s there and no other land issues going on in the group. Generally what we say land acquisition remaining a challenge. That’s the same issues that we mentioned are either pricing or clear title that we don’t want any encroachment on it. It should have specific road access, connectivity to a railway station, the right length and the width and manufacturing hub. So those are the constraints and you generally see less and less is why we started exploring the Asset Light model also and we are in discussions with a couple of people where we do the rail part but rails are in the terminal.
So hopefully we can update you on that soon.
Aditya Mongia
And any update on the sale of the land at the cfs, that would be my final question. Thank you.
For the CFS portfolio, there were some land parcels or letter some CFs that you would wanted to discontinue and sell as land for other purposes to players outside. Is there any progress being made on that aspect?
Prem Kishan Dass Gupta
So we are in discussion with some people but we’ve not found the right valuation and it’s long in distressing so we don’t want to sell it at anything and meanwhile it’s still generating good cash flow. So only when the right valuation comes in we’ll consider selling it.
Aditya Mongia
Thank you very much for your responses and all the very best. Those are my questions.
operator
Thank you. The next question is from the line of Flint Alexandra from Alta India Ventures. Please go ahead.
Unidentified Participant
Yeah, Hi, good evening. So my question is regarding the segmental revenue trends for Snowman. So for the transportation and warehouse segments there has been a slight change like a single digit change quarter on quarter. But for the trading and distribution segment I can see a change of around 54% quarter on quarter. So that seems to be far more than the other two segments. So could you please tell me some more about the nature of the state, what mainly drove it and how sustainable that will be for the coming quarters.
Prem Kishan Dass Gupta
Was last quarter and that also has.
operator
Your voice is not clear. I’m sorry to interrupt sir.
Prem Kishan Dass Gupta
Is it clearer now?
operator
Yeah, still good there. Yeah.
Prem Kishan Dass Gupta
So I would think that we have seen good reviews from our existing customers, couple of new plants which were added last year, I mean last quarter of last year and they have also started gaining some momentum. So overall the segment of snow distributed five years has helped us gain that.
Rajguru Behgal
Momentum and maintain it. And as we see the projections from all these customers, it looks like there will be a.
Unidentified Participant
Okay, so can you please give maybe some guidance for the three segments, how much growth will be expected in the coming quarters for the revenue?
Prem Kishan Dass Gupta
So typically quarter one is a little higher than Q2 if you see historically as well. And we expect to maintain the same place as what we have done in quarter one and continue there on.
Unidentified Participant
So then. So quarter one was high for the transportation, trading and distribution segment, but then transportation and warehouses weren’t as high. So are you saying that that same trend will continue? That it will just be single digit growth for transportation and warehousing?
operator
I’m sorry to interrupt sir. Hello.
Prem Kishan Dass Gupta
Wherein we wanted to weed out the low yield margin or the negative margin businesses and thus the growth is not reflecting. But as for our targets, from next quarter onwards, we are going to work back on that and it is an. Issue of positive trend.
Unidentified Participant
Okay. And for warehousing as well.
Prem Kishan Dass Gupta
Warehousing has been doing good. We just onboarded our two facilities, which is Calcutta and Krishna. They will definitely be adding the revenues. Plus we have taken a warehouse on asset light model in Kundi which will also start contributing from the month of August. And then both of them are in pipeline as well in new locations. So that will help you out. Furthermore.
Unidentified Participant
Yes, Sorry to be repetitive, but you know, if you could give like some figure what would be expected from these new warehouses? Like in percentage terms or absolute terms? Just an estimate.
Prem Kishan Dass Gupta
I mean, if I say for the quarter, we have a utilization percentage increase by approximately 7 to 10,000 barrels.
Unidentified Participant
Okay. Okay, thank you.
operator
Thank you. The next question is from the line of Kunal Tokal from FC fbc. Please go ahead.
Kunal Tokas
Hello, I’m audible.
operator
Yes, sir. Okay.
Kunal Tokas
My first question is about the FPL business. It would be great if you could tell us what the scope of your work is geographically for some of your clients like Tim Hortons or Dr. Or copy Kennedy.
Prem Kishan Dass Gupta
And in that it includes right from procurement activities for customers like Ikea. We also do the factory audits of the vendors. It includes warehousing, distribution. I mean distribution per se goes to their outlets. So right from procurement to planning to execution, everything falls in our portfolio there. We also do for a few of the clients, vendors. I mean, we do evaluate vendors, we do find out new vendors and offer them products. And then for customers like IKEA and Finland, and we do a little bit of import as well from across the globe and then bring it to our bondage warehouse and then distribute it to them or sell it to them.
Kunal Tokas
Yes, sir. Thank you. And what region would you be handling for those clients? Are you catering to them on a Pan India basis or handling specific geographies only?
Prem Kishan Dass Gupta
Whereas for ips.
Kunal Tokas
Just to confirm, you said for Tim Hortons, BR and Copy Canadian, you do Pan India.
operator
I’m sorry to interrupt. Sir, your voice is not ordinal couple.
Prem Kishan Dass Gupta
Can you hear me now? Is this fine?
operator
Yeah, now is better.
Rajguru Behgal
Tim Hortons, IKEA and Copi is Pan India. Baskin and Hul is regional.
Kunal Tokas
Okay, understood. And second question is about a comment you made early in the call that you are pivoting to a model where you own the asset. Does this also apply to your transportation business in Truman?
Prem Kishan Dass Gupta
So we have a mix of it. We do own trucks and we also take on Asset light model. So the same model pertains to transportation as well, wherein we own approximately 300 vehicles and then a similar number is on lease basis or on trip basis, which is to our snow link platform.
Kunal Tokas
And as you grow, do you want to maintain a certain ratio or will you onboard more third party vehicles rather than your own?
Prem Kishan Dass Gupta
And then we will maintain our lease almost approximately to the numbers we have today.
operator
Okay. And just a last question on warehousing. So the 6% growth rate, can you decompose it in terms of new capacity added and rate increases or decreases, whatever was the result?
Prem Kishan Dass Gupta
So in the last quarter we have seen rate hikes from most of our customers and we have been able to achieve that. That has ended up giving us a better yield than last quarter. And last year same quarter as well. In terms of the capacity added, Approximately 15,000.
operator
I’m sorry. I’m sorry. Sorry. That’s okay.
Kunal Tokas
So I understood what you’re saying. Yes, sir. Thank you very much and have a good day.
operator
Thank you. The next question is from the line of Visha Girani from Ashika Institutional. Please go ahead.
Unidentified Participant
Hello. I hope I’m audible.
operator
Yes, ma’. Am.
Unidentified Participant
So in your presentation you had mentioned that there are certain new opportunities available in the domestic segment for Gateway district parks. So if you could just specify them a bit.
Prem Kishan Dass Gupta
While remain stable, we are looking at different ways to increase our volume. So within our existing customers and network, there are some opportunities we have to procure domestic containers. Right now we have a fleet of 800, but it’s a bit aged. So we’re looking to get some new containers and then start moving things. In the domestic segment, we’ve already crossed about 6, 700 teams on it last quarter, last month average. So we should be expanding on this plan.
Unidentified Participant
Okay, my next question is, over the past one one and a half years you had a expansion plan. The stepping stone of it was the Jaipur icd. Now it has been delayed due to the land issues and everything and connectivity issues. Meanwhile, there’s another competitor who’s willing to enter into the same industry and has a very huge FY30 target which they plan on achieving. So how would you compete with the additional competition? How will you meet your expansion initiatives? Because you already have two big players in this industry. That’s Concord and Adani. With the third big player coming in, how are you going to compete and how will it impact your expansion strategies?
Prem Kishan Dass Gupta
Which announcement are you referring to for FY30?
Rajguru Behgal
I’m talking about. I’m talking about JSW’s logistics expansion plan. See, people have been announcing ITDs since before we started also. So we’ve been focused on our growth story. We’ve had problems in the last couple of years that we’ve not been able to identify the right location. But we do have plans and it’s not just one or two locations. We identified probably the next six, seven ICDs that we want to open up. But it will take some time and we don’t want to get stuck in a situation like Jaipur again. So we are being extra careful. We’re looking at some asset light models also apart from domestic, where we mentioned earlier that someone else operates the terminal but we operate the rail from our side.
operator
Sorry, in the Gatisha, please seen.
Rajguru Behgal
No, these are some private trade terminals that someone is looking at also. So far we’ve not found anything suitable. But if some good proposal comes in the Katisha 3 scheme also, we’ll be happy to look at that as well.
Unidentified Participant
Okay. All right. But there has been issues in an expansion plan and it has delayed it significantly. If I AM correctly, Jaipur ICD at the start was supposed to be operational by FY25, then it got delayed to 26 and then now 27 expected timeline. And if we plan on having the 6, 7 more ICDs, how will that pan out? Any timeline?
Prem Kishan Dass Gupta
Yeah, it takes two years to build up an icd. So six, seven. I’m talking over a period of five to seven years. Not even we are focused on two in the near term. But this is not just an issue with us, it’s an industry wide issue. If you look all across, everyone is struggling to find land to expand in the right locations. We can expand in a place which has 500 or thousand per month, but it won’t make sense. So we’re trying to target key market areas along the northwest and central parts of India.
Unidentified Participant
All right. Okay. That is it from my end.
operator
Thank you. I reminded all the participants. You may press star N1 to ask a question and they are requested to limit themselves to one question at a time to give other in a queue a chance and can rejoin the queue thereafter. The next question is from the line of Prithviranga from Evindis Spark. Please go ahead.
Unidentified Participant
Hello. Am I audible?
operator
Yes sir, you’re audible.
Unidentified Participant
Thank you so much for taking my question. Just a couple of questions from my side if you can. Sorry I missed out on the. So if you can just.
operator
It’s a little bit more and there is some background noise from your side.
Unidentified Participant
If you can just give me a segmental EBITDA for the year for the rail and CFL business and also a broad outlook on the CapEx going forward this year and through FY27.
Kunal Tokas
Sorry, I can’t really understand if you’re on speaker at this request that you can go on Hamstack.
Unidentified Participant
Yeah, just a couple of bookkeeping questions from my side. Am I audible now?
Prem Kishan Dass Gupta
Yeah. First one.
Unidentified Participant
Yeah. If you can please share the EBITDA for TEU segment wise for rail and the CFS business and also broad capex outlook for FY26 and through FY27 that would be great. Rail is at 9100 and CSS is at 1500. We had announced at the start of the call the capex plan remains the same. Basically we are looking at about 30 crore of capex per year. This is not counting any new terminals as in when a new terminal comes in that will be at an average of about 150 crores per terminal. So we’ve earmarked 300 crores for two terminals and then the balance works of Jaipur whenever that comes in will be about 60, 70 crores.
Unidentified Participant
Okay, thank you so much for taking my question. I’ll be back in the queue.
operator
Thank you. The next question is from the line of Bharat from Fair Value Capital. Please go ahead.
Prem Kishan Dass Gupta
Hi, thanks for. Thanks for taking a question Sir, a couple of questions with regard to snowman. So we have added some capacity with respect to the pallet size. So can you just describe like what kind of opportunity size you are looking at over the next three years what kind of capex we will be incurring. And also in your opening remarks you mentioned about the pricing hikes you have taken in this segment. So just can you describe on the same.
Unidentified Participant
So I mean I plan to spend something around 100 crores from our investment into our own facilities and then build a couple of assetless models alongside. So maybe three to four facilities in next two years and in next three years probably six five to six facilities is what is on the horizon right now. And the other question is on so price increase on an extend the range of 5 to 7% in general looking at segment to segmented rally. But that’s in general what is coming at present.
Prem Kishan Dass Gupta
Right. So overall in terms of the pallet size I think 1.5 we have currently. But overall if you look three years down the line how do you see the overall level of pallet reaching up. 200,000 pallets plus.
Unidentified Participant
And secondly just to get a sense about what’s your thought process with respect to 5 PL given out? It’s a low margin business as compared to the warehousing which is one of the traditional business for us. And what kind of risk are associated because we are involved in the complete value chain for all the for all the customers here. So how do you read it? Like what’s the strategic thought process behind.
Rajguru Behgal
Investing in five plus additional stickiness to the customers? That’s first part of it. It adds to my warehousing, it adds to my distribution business which is the core personal man and then we add upon other opportunities of creating margins from the training of products. So netinvest it’s a very healthy business to be in. We have to be thoughtful of the customers we pick and we are very careful on with whom we are engaging and then the long term I mean we look at the longevity of the relationship as well before we and the customer we get into a north end startup rate.
Unidentified Participant
Last question sir. If I can squeeze in with respect to the Quickcom and Ecom just to get a sense what will be the revenue contribution coming out from this towards the logistics team And I believe this has been the or this has been one of the segments which has exponentially been growing. So how do you see that trend playing out with respect to the industry and with respect to us?
Prem Kishan Dass Gupta
So quick commerce is also e common and quick commerce is a part of our business as of now and they have been contributing to the extent I mean we have an exposure with them and we’re doing fairly well. That’s what I can tell you at the.
Unidentified Participant
Any quantification sir with respect to our revenue exposure towards him.
Prem Kishan Dass Gupta
I would not be segment wise numbers and all.
Unidentified Participant
Sure got it sir. Thanks for answering my question sir.
operator
Thank you very much ladies and gentlemen. That was the last question for the day participants that I missed out the due to the time function can be job to the management an SDA team for the Gateway District and Snohan Logistics for any further information. With that we conclude this conference. Thank you for joining us and you may now disconnect your lines. Thank you.