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Sanghvi Movers Reports ₹1,800 Cr Order Book and Outlines ₹629 Cr Capex Plan for FY26
Sanghvi Movers reported a robust consolidated order book of ₹1,800 crores, with ₹1,200 crores slated for execution in the current financial year. The company is undergoing a significant investment phase with a ₹629 crore capex plan to expand its fleet in India and Saudi Arabia. Management maintains a long-term annual utilization target of 75-80% and expects margin normalization in FY27 as new assets become fully operational. International expansion is gaining traction with a new order in Botswana and steady scaling in the Middle East.
Key Highlights
Consolidated order book of ₹1,800 crores with ₹1,200 crores executable in FY26
Total FY26 capex plan of ₹629 crores focusing on India and Saudi Arabian markets
Inquiry pipeline expanded significantly to approximately ₹2,900-3,000 crores
Targeting annual crane utilization in the 75-80% range despite seasonal volatility
Entry into Botswana marks expansion into Africa alongside scaling Middle East operations
💼 Action for Investors
The stock remains a strong play on India's infrastructure and renewable energy cycle; investors should watch for margin improvement in FY27 as operating leverage kicks in. Monitor the timely deployment of the remaining ₹268 crore capex to ensure revenue growth targets are met.
Sanghvi Movers 9M FY26 Revenue Jumps 40% to ₹719 Cr; Massive ₹629 Cr CapEx Underway
Sanghvi Movers reported a robust 39.7% YoY growth in 9M FY26 revenue reaching ₹719 Cr, primarily driven by its core crane rental and expanding Wind EPC segments. While 9M PAT grew 12.5% to ₹116 Cr, Q3 PAT saw a 12.4% decline YoY due to an ₹8 Cr exceptional item related to labor code implementation and asset damage. The company is aggressively executing a ₹629 Cr CapEx plan for FY26 to expand its fleet in India and Saudi Arabia. Despite high capital spending, the balance sheet remains healthy with a Net Debt/Equity ratio of 0.48.
Key Highlights
9M FY26 Revenue grew 39.7% YoY to ₹719 Cr, while EBITDA rose 11.2% to ₹286 Cr.
Consolidated PAT for 9M FY26 stood at ₹116 Cr, up 12.5% YoY despite margin pressure in Q3.
Aggressive CapEx of ₹629 Cr planned for FY26, with ₹361 Cr already incurred for 110 new cranes.
Revenue diversification improved with Wind EPC now contributing 30% of total turnover compared to Crane Rentals at 66%.
Maintained strong operational efficiency with capacity utilization at 76.1% in India and 78.3% in KSA.
💼 Action for Investors
Investors should focus on the company's successful diversification into Wind EPC and its aggressive expansion in the Saudi Arabian market. The stock remains a key beneficiary of India's infrastructure and renewable energy push, though short-term margin fluctuations due to CapEx timing should be monitored.
Sanghvi Movers Expands to Qatar with New Step-Down Subsidiary for Crane Rentals
Sanghvi Movers Limited has announced the incorporation of a new wholly owned step-down subsidiary in Qatar named Sanghvi Mover Middle East Heavy Lift Limited. The new entity has been established with a share capital of 2,00,000 Qatari Riyals to provide crane rental services. This move marks a strategic expansion into the Middle Eastern heavy lift market, leveraging the company's core expertise. While operations are yet to commence, the subsidiary is 100% controlled through the company's existing Middle East arm.
Key Highlights
Incorporated Sanghvi Mover Middle East Heavy Lift Limited in Qatar on February 04, 2026
The subsidiary is 100% owned by Sanghvi Movers Middle East Limited
Initial share capital set at 2,00,000 Qatari Riyals
Business focus remains on the core competency of crane rental services
Expansion aims to capture infrastructure and industrial growth in the Middle East region
💼 Action for Investors
Investors should view this as a positive step toward geographic diversification. Monitor future earnings reports for updates on contract wins and revenue contribution from the Qatari operations.
Sanghvi Movers Q3 Revenue Up 13.4% YoY to ₹236 Cr; 9M Revenue Jumps 39.7%
Sanghvi Movers reported a strong 39.7% YoY revenue growth for 9M FY26, reaching ₹719 Cr, driven by its expansion into renewable EPC services. While Q3 revenue grew 13.4% YoY to ₹236 Cr, PAT for the quarter declined by 12.4% YoY to ₹29 Cr due to one-time exceptional items. The company's subsidiary, Sangreen Future Renewables, secured significant wind EPC orders worth ₹428.72 Cr, providing strong revenue visibility. Additionally, the company is expanding internationally with a new $4.3 million contract in Botswana.
Key Highlights
9M FY26 Revenue grew by 39.7% YoY to ₹719 Cr, with EBITDA up 11.2% to ₹286 Cr
Q3 FY26 PAT fell 12.4% YoY to ₹29 Cr, impacted by one-time exceptional items
Secured wind BOP EPC orders worth ₹428.72 Cr through subsidiary Sangreen Future Renewables
Expanded global footprint with a USD 4.3 million power project contract in Botswana
EBITDA margins remained healthy at 38.6% for Q3 and 39.8% for 9M FY26
💼 Action for Investors
Investors should focus on the robust top-line growth and the massive new order book in the renewable segment, which suggests strong future earnings potential despite the temporary PAT dip. Monitor the execution of international projects in Botswana and the MENA region as part of their ELEVATE 2030 strategy.
Sanghvi Movers Q3 FY26 Consolidated Net Profit Rises 25.6% YoY to ₹28.46 Crore
Sanghvi Movers reported a strong year-on-year performance for Q3 FY26, with consolidated revenue from operations growing 58.8% to ₹239.05 crore. Net profit for the quarter stood at ₹28.46 crore, up 25.6% compared to ₹22.66 crore in the same period last year. The growth was primarily driven by a massive surge in the Wind EPC segment, which contributed ₹84.37 crore compared to just ₹10 crore a year ago. However, the company recorded an exceptional loss of ₹3.87 crore due to crane damage, and sequential net profit declined by 12.8% from Q2 FY26.
Key Highlights
Consolidated Revenue from operations grew 58.8% YoY to ₹239.05 crore.
Wind EPC segment revenue jumped significantly to ₹84.37 crore from ₹10 crore in the previous year's quarter.
Consolidated Net Profit increased 25.6% YoY to ₹28.46 crore, though it fell 12.8% sequentially.
Exceptional loss of ₹3.87 crore recognized due to significant damage sustained by a crane cabin during mobilization.
Consolidated EPS for the quarter stood at ₹3.29, up from ₹2.62 in Q3 FY25.
💼 Action for Investors
Investors should monitor the rapid scaling of the Wind EPC business, which is successfully diversifying the company's revenue mix. The strong YoY growth in revenue and profit suggests robust demand, though the sequential dip in margins due to exceptional items and higher expenses warrants a watch on operational efficiency.
Sanghvi Movers Q3 FY26 Revenue Rises 36% to ₹239 Cr; Net Profit Dips to ₹30.7 Cr
Sanghvi Movers reported a strong 36.5% YoY growth in consolidated revenue for Q3 FY26, reaching ₹239.05 crore, driven by its expansion into Wind and Project EPC segments. However, consolidated net profit declined by 16.4% to ₹30.78 crore compared to ₹36.83 crore in the previous year, impacted by higher operating expenses and finance costs. The company also recorded an exceptional loss of ₹3.87 crore due to equipment damage. While the top line shows robust momentum from diversification, margins are currently under pressure as the new business segments scale.
Key Highlights
Consolidated Revenue from Operations increased 36.5% YoY to ₹239.05 crore from ₹175.05 crore.
Consolidated Net Profit fell to ₹30.78 crore from ₹36.83 crore in the corresponding quarter last year.
Wind EPC segment contributed significantly to the top line with revenue of ₹84.37 crore.
Operating and other expenses rose sharply to ₹73.07 crore compared to ₹55.05 crore YoY.
Reported an exceptional loss of ₹3.87 crore (net of taxes) due to damage sustained by a crane cabin.
💼 Action for Investors
Investors should monitor if the margin contraction is temporary due to the scaling of new EPC segments or a structural shift in the business model. The stock remains a key play on Indian infrastructure and wind energy, but cost management will be critical for future valuation re-rating.
Sanghvi Movers Expands to Africa with New Wholly Owned Subsidiary in Botswana
Sanghvi Movers Limited has incorporated a wholly owned subsidiary in the Republic of Botswana named Sanghvi Movers Botswana Proprietary Limited. The new entity was incorporated on January 13, 2026, with an initial share capital of 15,000 Botswana Pula. This subsidiary will focus on the company's core business of crane rental services. This move marks a strategic geographic expansion for the company into the African infrastructure and heavy lifting market.
Key Highlights
Incorporation of 100% owned subsidiary Sanghvi Movers Botswana Proprietary Limited on January 13, 2026.
Initial share capital of the new entity is set at 15,000 Botswana Pula.
The subsidiary will operate in the Crane Rental industry, aligning with the parent company's core expertise.
The expansion aims to capture business opportunities in the Republic of Botswana and the surrounding region.
💼 Action for Investors
Investors should view this as a positive long-term strategic move to diversify geographic risk and tap into international markets. Monitor future quarterly updates for news on contract wins or revenue contributions from this new African entity.
Sanghvi Movers Subsidiary Secures Rs 428.72 Cr Wind EPC Orders for 270.6 MW
Sanghvi Movers' material subsidiary, Sangreen Future Renewables, has been awarded significant work orders totaling Rs. 428.72 Crores from domestic Independent Power Producers (IPPs). The scope involves comprehensive EPC services for Wind Balance of Plant (BOP) projects with a total capacity of 270.6 MW. The execution is scheduled to commence in Q3 FY 2025-26 and is expected to be completed by Q1 FY 2027-28. This order significantly boosts the company's order book and strengthens its position in the renewable energy infrastructure sector.
Key Highlights
Aggregate order value of Rs. 428.72 Crores from multiple domestic Independent Power Producers
Total project capacity of 270.6 MW for Wind Balance of Plant (BOP) services
Execution timeline spans approximately 18-21 months, starting Q3 FY 2025-26 through Q1 FY 2027-28
Scope includes civil foundations, logistics, installation, and commissioning of Wind Turbine Generators (WTGs)
💼 Action for Investors
Investors should view this as a positive growth indicator for the company's renewable energy vertical. Monitor the execution progress and the impact of these EPC contracts on the consolidated profit margins over the next few quarters.
Sanghvi Movers signs MoU with ACE for indigenous heavy cranes
Sanghvi Movers Limited (SML) has signed a Memorandum of Understanding (MoU) with Action Construction Equipment Limited (ACE) to integrate indigenously manufactured heavy slew cranes into its fleet. This initiative aligns with SML's 'ELEVATE 2030' vision and supports the 'Aatmanirbhar Bharat' program. SML, already Asia's largest and the world's 5th largest crane rental company with over 450 cranes, aims to reduce reliance on imported assets. ACE will provide priority product support and customization to meet SML's operational demands.
Key Highlights
SML operates over 450+ cranes.
SML is the world's 5th largest crane rental company.
ACE has over 63% market share in the Mobile cranes segment.
ACE exports to over 37 countries.
💼 Action for Investors
Investors should monitor the impact of this partnership on SML's operational efficiency and cost savings. Also, watch for potential revenue growth from increased deployment of indigenous cranes.
Sanghvi Movers Revised Financial Results for Sep 30, 2025
Sanghvi Movers Limited has submitted revised financial results for the period ended September 30, 2025, to comply with exchange requirements for machine-readable formats. The revision does not alter the previously submitted financial information. Key figures from continuing operations include revenue from operations of ₹29,583.79 lakhs and a profit before tax of ₹8,672.12 lakhs for the half year ended September 30, 2025. Earnings per share (basic) from continuing operations stood at ₹7.45 for the same period.
Key Highlights
Revenue from operations for the half year ended September 30, 2025, was ₹29,583.79 lakhs.
Profit before tax from continuing operations for the half year ended September 30, 2025, was ₹8,672.12 lakhs.
Basic earnings per share from continuing operations for the half year ended September 30, 2025, was ₹7.45.
Total equity as of September 30, 2025, stood at ₹1,16,497.69 lakhs.
Depreciation and amortisation expense for the half year ended September 30, 2025, was ₹6,248.56 lakhs.
💼 Action for Investors
Review the detailed financial results for insights into Sanghvi Movers' performance. Monitor the company's revenue and profitability trends in subsequent quarters.