Sanghvi Movers Limited has informed the Exchange regarding Board meeting held on August 06, 2025.
SANGHVIMOV · price
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Sanghvi Movers' Board approved standalone and consolidated unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Standalone revenue from operations rose to ₹15,934.54 lakhs from ₹13,093.08 lakhs in Q1 FY25, a growth of about 21.7%, while standalone profit after tax stood at ₹4,180.63 lakhs (vs ₹3,981.53 lakhs). On a consolidated basis, revenue jumped sharply to ₹27,335.50 lakhs from ₹15,060.59 lakhs, driven by strong growth in the Wind EPC and crane hiring segments, with consolidated PAT at ₹5,025.73 lakhs (vs ₹4,049.11 lakhs). Statutory auditors MSKA & Associates issued an unqualified review report. The Board also appointed Mr. Pradeep Mehta as new CFO, Mr. Vinav Agarwal as new Company Secretary & CCO, and Mr. Mohammed Almanaseer as MD of its wholly owned subsidiary Sanghvi Movers Middle East Limited, while accepting the resignations of the previous CFO and CS.
Strong top-line growth in both standalone and consolidated results, particularly from the Wind EPC segment, signals healthy business momentum. However, the simultaneous exit of two key managerial personnel (CFO and CS) at the start of the quarter may create short-term transition noise, though replacements are already in place.