Sanghvi Movers Limited has informed the Exchange regarding Investor Presentation for the quarter ended on 30 June 2025.
SANGHVIMOV · price
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Sanghvi Movers, India's largest and world's 5th largest crane rental company, shared its Q1 FY26 results via investor presentation. Revenue from operations nearly doubled YoY to ₹273 Cr (vs ₹151 Cr in Q1 FY25), driven by strong growth in Wind EPC (₹106 Cr vs ₹20 Cr) and Crane hiring (₹160 Cr). Profit After Tax rose to ₹50 Cr from ₹41 Cr, while average capacity utilization stood at 81% and blended yield at 2.11%. The order book as of 28 July 2025 stands at ₹767 Cr, with ₹494 Cr still to be executed in FY26. The company has aggressive capex plans of ₹321 Cr in India and ~₹100-150 Cr in KSA to add over 180 cranes, including expansion into Saudi Arabia. However, PBIDT margins compressed to 38% from 55% YoY, largely due to higher operating expenses rising to 50% of revenue vs 32% a year ago.
Strong revenue growth and a healthy ₹767 Cr order book signal business momentum, but declining margins and heavy capex commitments could pressure near-term returns. Shareholders should watch for execution of Wind EPC orders and Saudi expansion, which will be key growth drivers in FY26.