Sanghvi Movers Limited has informed the Exchange regarding a press release dated May 20, 2026, titled "Press release on the Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2026".
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Sanghvi Movers Limited, the world's fifth largest and India's largest crane rental company, reported strong Q4 and FY26 results. For FY26, revenue grew 36.8% YoY to Rs. 1,070 Crore from Rs. 782 Crore, exceeding 20% growth threshold. PAT increased 17.2% to Rs. 184 Crore from Rs. 157 Crore. Q4 revenue was Rs. 351 Crore, up 31.5% YoY. However, EBITDA margin compressed to 40.1% in FY26 compared to approximately 47.4% in FY25, indicating cost pressures outpacing revenue growth. The company achieved highest ever total income of Rs. 1,100 Crore. Management cited geopolitical challenges but highlighted operational discipline, improved utilization rates at 79%, and expansion into Saudi Arabia and MENA markets.
Strong topline growth exceeding 20% is positive for shareholders, but margin compression despite robust revenue growth may raise concerns about profitability sustainability. The company remains focused on international expansion and cost optimization under its ELEVATE 2030 strategy.