Sanghvi Movers Limited has informed the Exchange about Transcript
SANGHVIMOV · price
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Sanghvi Movers posted Q1 FY26 consolidated revenue of ₹273 crores, up 65% year-on-year from ₹151 crores, though blended EBITDA margin fell to 38% from 49% a year ago due to a higher mix of low-margin EPC and wind businesses. Net profit was ₹50 crores versus ₹41 crores in Q1 FY25. The crane rental business earned ₹159 crores at a 56% EBITDA margin, while the wind EPC arm Sangreen Future Renewables contributed ₹106 crores at 11% margin. Order book stood at ₹767 crores as of July 20, with ₹500 crores still to be executed this fiscal. The company has revised its FY26 CAPEX plan to ₹321 crores for India, already spending ₹114 crores in Q1, and has entered Saudi Arabia with its first order through subsidiary Sanghvi Movers Middle East, planning ₹100–150 crores CAPEX there.
Investors get a clear picture of strong top-line growth but margin compression as the business diversifies; expansion into Saudi Arabia and the renewables subsidiary are long-term value creators, but the near-term margin pressure from revenue mix and the management's refusal to give forward guidance or detailed segment splits may weigh on stock sentiment in the short term.