| Management target | Revenue 40.0% FY28 |
|---|
| Revenue growth | 39% YoY growth driven by crane rentals and renewable energy projects. |
|---|---|
| Margins | Structural margins intact at 49% excluding one-offs and forex entries. |
| Order book | ₹1,250 crore order book, providing full revenue visibility for current year. |
| Demand visibility | Strong; record wind capacity additions and aggressive industrial capex across India. |
| Management confidence | High; emphasizing structural dominance and successful international expansion into GCC markets. |
Growth
Revenue surged 39% YoY to ₹380 crore; however, sequential EBITDA margins contracted to 35% from 40% due to one-time employee incentives and receivables provisions.
Outlook
Management maintains FY27 revenue guidance of ₹1,400–1,500 crore and EBITDA of ₹525–575 crore, projecting 30-40% growth in FY28.
Risks
High receivables at 116 days (DSO) and Middle East geopolitical instability pose collection and supply chain risks despite strong demand.
Last quarter's promises, checked
Delivered
- Guided 30% crane rental growth → delivered 39% revenue growth (= BEAT)
- Guided KSA EBITDA positive in H1 FY27 → delivered positive EBITDA (= BEAT)
- Guided ₹1,053cr order book execution in FY27 → on track with ₹380cr Q1 revenue (= BEAT)
Partly delivered
- Guided ₹639cr FY26 capex → delivered ₹474cr with remainder carried forward (= PARTIAL)
Missed
- Guided 40.1% EBITDA margin maintenance → delivered 35% (= MISS)
Earnings Call Transcript filed with NSE, NSE: SANGHVIMOV. Summary written with AI assistance from the document.
Sanghvi Movers Ltd: key numbers
- Share price
- ₹409.25
- Market cap
- ₹3,543 Cr
- Revenue (annual)
- ₹1,070 Cr
- Net profit (annual)
- ₹184.3 Cr
- P/E (TTM)
- 17.8×Sector 28.2×
- Promoter holding
- 47.25%+0.00% QoQ
- FII holding
- 1.81%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Sanghvi Movers Ltd
All →Sanghvi Movers Other Announcement
A Key Managerial Personnel of Sanghvi Movers Limited acquired 500 equity shares via market purchase. The transaction, valued at ₹21,400, was executed on the NSE.
Sanghvi Movers Promoter Selling (Off-Market)
Promoter Rishi Sanghvi disposed of 1,05,53,614 shares (12.19% stake) in Sanghvi Movers via an off-market gift transfer on September 10, 2026.
- Promoter stake change
- -12.19%
Sanghvi Movers Promoter Buying (Off-Market)
Promoter group member Maithili Rishi Sanghvi acquired 1,05,53,614 equity shares of Sanghvi Movers Limited from Rishi Sanghvi via an off-market inter-se transfer.
- Promoter stake change
- +12.19%
Sanghvi Movers Management Change
Mr. Amitabha Mukhopadhyay has resigned as an Independent Director of Sanghvi Movers Limited, effective from the close of business hours on September 07, 2026.
Sanghvi Movers Promoter Buying (Off-Market)
Mrs. Maithili Rishi Sanghvi proposed an inter-se acquisition of 1.05 crore shares from Mr. Rishi C Sanghvi via gift deed. This promoter group transaction is off-market.
Sanghvi Movers Other Announcement
Sanghvi Movers Limited shareholders approved the re-appointment of M/s M S K A & Associates LLP as Statutory Auditors. The appointment spans five years until the 42nd AGM.
- Execution
- 5 years