ALFA Finder| 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
- ₹380.55
- Market cap
- ₹3,295 Cr
- Revenue (annual)
- ₹1,070 Cr
- Net profit (annual)
- ₹184.3 Cr
- P/E (TTM)
- 16.2×Sector 32.3×
- Promoter holding
- 47.25%+0.00% QoQ
- FII holding
- 2.28%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 Earnings Call Transcript: Key Takeaways
Q2 revenue rose 32% YoY to ₹277 Cr, but Q2 margin softened, Saudi ramp stalled, and FY27 guidance was reaffirmed, not raised.
Sanghvi Movers Investor Presentation: Key Takeaways
Q2 revenue rose 32% YoY to ₹277 Cr with 36% EBITDA margin; H1 total income ₹689 Cr. Strategy is ELEVATE 2030, pivoting to a hybrid capital-allocator model.
- Call
- Guides 30% growth
Sanghvi Movers Management Change
Sanghvi Movers appointed Aditya Bhartia as Non-Executive Independent Director for 60 months, effective 2 November 2026. The appointment followed a board meeting held that day.
Sanghvi Movers Results Update
Sanghvi Movers reported Q2 FY27 consolidated revenue of ₹277 Crore, up 32% YoY, with PAT of ₹40 Crore. Order book rose 26% to ₹1,582 Crore.
Sanghvi Movers Q2 FY27 Results: Net Profit ₹40.3 Cr, Up 11.0% YoY
Sanghvi Movers Ltd reported revenue from operations of ₹277 Cr (+32.0% YoY) and net profit of ₹40.3 Cr (+11.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹40.3 Cr · +11.0% YoY
Sanghvi Movers Board Meeting Date
Sanghvi Movers' Board is scheduled for November 2, 2026 to approve unaudited Q2 and H1 FY27 financial results. Trading window closure began October 1, 2026.