Sanghvi Movers Limited has informed the Exchange about Transcript
SANGHVIMOV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sanghvi Movers reported strong FY26 results with revenue of INR 1,070 crores (up 36.9% YoY) and EBITDA of INR 429 crores (margin 40.1%). Q4 FY26 revenue was INR 351 crores with PAT of INR 69 crores. The company operates three segments: crane rental (65% of revenue), renewables (31%), and project EPC (4%). The crane rental business in India grew 30% while the KSA (Saudi Arabia) business has turned EBITDA positive on a monthly basis and is expected to achieve cumulative EBITDA positivity by Q1-Q2 FY27. Management guided for maintaining the same growth level (around 30%) going forward. The order book stands at INR 1,053 crores with an inquiry pipeline of approximately INR 4,000 crores. The company is investing INR 320 crores in KSA capex this year while India capex is INR 390 crores. Net debt-to-equity remains comfortable at 0.47x.
Strong execution with 30%+ growth and robust order book provides revenue visibility. KSA operations turning profitable removes a key overhang. The company targets 30% growth for FY27, but blended margins may remain under pressure as the lower-margin EPC/renewables segment grows faster than the core crane rental business.