Sanghvi Movers Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
SANGHVIMOV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sanghvi Movers Limited reported standalone revenue from continuing operations of Rs. 540.95 crore for FY25, down about 9.6% from Rs. 598.49 crore in FY24. Standalone profit after tax from continuing operations fell to Rs. 127.62 crore from Rs. 187.11 crore, a decline of roughly 32%. On a consolidated basis, FY25 revenue was Rs. 782.12 crore with PAT of Rs. 156.52 crore and EPS of Rs. 18.08. However, Q4 FY25 showed a strong sequential recovery, with consolidated revenue up 28.6% over Q3 at Rs. 267.42 crore and PAT of Rs. 53.83 crore. The board recommended a final dividend of Rs. 2 per share (200%). The renewable energy business was transferred via slump sale to a wholly owned subsidiary for Rs. 43.06 crore and is now shown as discontinued operations, with prior periods restated. New commitments include Rs. 35 crore into Samo Renewables and Rs. 50 crore (capital infusion plus loan) into Sanghvi Movers Middle East. The statutory auditors issued an unqualified opinion on the results.
The full-year earnings decline is a concern, but the sharp Q4 sequential rebound and continued dividend signal management confidence in the recovery. Rising standalone borrowings (up to Rs. 438 crore) and ongoing subsidiary investments will warrant close monitoring of cash flows and debt levels going forward.