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Earnings Call Transcript

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.

Highlights
Revenue growthQ2 revenue ₹277 Cr, +32% YoY; H1 ₹657 Cr, +36%; Q2 below Q1.
MarginsQ2 EBITDA margin ~20% per CEO; Saudi EBITDA 23% despite 86% utilisation.
Order book₹1,582 Cr vs ₹1,253 Cr in July; 8-10% may spill into FY28.
Demand visibilityOrder book ₹1,582 Cr; pipeline ₹6,700 Cr; India utilisation 71% in Q2.
Management confidenceDefensive on Middle East; reframes weakness as timing; guidance reaffirmed.

Growth

Revenue +32% Q2 and +36% H1; Q2 below Q1 on monsoon and timing. One-time and organic split not quantified.

Outlook

Reaffirmed FY27 total income ₹1,400-1,500 Cr and EBITDA ₹525-575 Cr; no raise; Saudi capex pushed to FY28.

Risks

Saudi ramp stalls on shipping; ₹80-90 Cr capex deferred; contract labour and PF costs compress margins; 8-10% order spill-over risk.

Source

Earnings Call Transcript filed with BSE, NSE: SANGHVIMOV. Summary written with AI assistance from the document.

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Sanghvi Movers Ltd: key numbers

Share price
₹321.85
Market cap
₹2,786 Cr
Revenue (annual)
₹1,070 Cr
Net profit (annual)
₹184.3 Cr
P/E (TTM)
13.7×Sector 31.1×
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.

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