Transcript of the Earnings conference call on Audited Financial Results for quarter and year ended March 31, 2026
SANGHVIMOV · price
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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%). The company operates three segments: crane rental (65% of revenue), renewables (31%), and project EPC (4%). Q4 FY26 saw revenue of INR 351 crores with 31.4% YoY growth. The company has a robust order book of INR 1,053 crores and an inquiry pipeline of INR 4,000 crores. KSA operations are now generating positive monthly EBITDA with 85-90% utilization and 4.5%+ yields. Management targets 30% growth for FY27, maintaining the same growth level as FY26. Total capex for FY26 was INR 474 crores with INR 390 crores planned for India and INR 200 crores for KSA in FY27.
The company demonstrates strong execution with 36.9% revenue growth driven by 35% crane rental growth and doubled renewables segment revenue. The INR 1,053 crore order book provides revenue visibility for FY27, while the massive INR 4,000 crore inquiry pipeline signals potential for continued growth. The KSA subsidiary turning EBITDA positive removes a key investor concern.