Financial Results Summary (Consolidated)

Q2 FY27 Performance:

  • Revenue from operations: ₹277 Cr (Q2 FY26: ₹210 Cr), representing 32% YoY growth
  • EBITDA: ₹106 Cr (Q2 FY26: ₹88 Cr), representing 20% YoY growth
  • EBITDA Margin: 36% (Q2 FY26: 41%)
  • PAT: ₹40 Cr (Q2 FY26: ₹36 Cr), representing 11% YoY growth
  • PAT Margin: 14% (Q2 FY26: 17%)

H1 FY27 Performance:

  • Revenue from operations: ₹657 Cr (H1 FY26: ₹483 Cr), representing 36% YoY growth
  • EBITDA: ₹245 Cr (H1 FY26: ₹195 Cr), representing 25% YoY growth
  • EBITDA Margin: 36% (H1 FY26: 39%)
  • PAT: ₹106 Cr (H1 FY26: ₹87 Cr), representing 22% YoY growth
  • PAT Margin: 15% (H1 FY26: 17%)

Key Business Highlights

Order Book Position:

  • Order book increased 26% to ₹1,582 Cr as on October 23, 2026, from ₹1,253 Cr on July 24, 2026 (over 13 weeks)
  • Growth driven by strong contributions from SML and SFRPL
  • Provides confidence in achieving annual targets

Strategic Initiatives:

  • Evaluating opportunities across key African markets for new growth opportunities
  • Supply-chain disruptions in KSA may delay crane deployment
  • Phased procurement and contracted-order prioritization implemented to mitigate impact
  • Software implementation including Salesforce (CRM), HRMS (Workforce Management), and NEXXS AI (AI Powered Automation for internal purposes)

Management Commentary

Mr. Rishi Sanghvi, Managing Director, commented:

  • Delivered strong quarter with 32% YoY revenue growth to ₹277 crore
  • Robust EBITDA margin of 36% reflecting strong execution, operational discipline, and customer focus
  • FY27 order book grew by 26% to ₹1,582 crore as of October 23, 2026
  • Healthy demand across all verticals providing strong revenue visibility
  • Geopolitical and shipping-related disruptions in Middle East delayed planned capex deployment
  • Utilization levels remain above annual targets despite delays
  • Impact considered timing-related rather than structural
  • Phased procurement, high fleet utilization, positive quarterly EBITDA, and strong project pipeline provide meaningful mitigation against short-term disruptions
  • Focused on executing ELEVATE 2030 growth plans and creating sustainable value for stakeholders

Company Overview

Sanghvi Movers Limited is the world's 3rd largest and India's largest crane rental company, providing heavy-lift, material handling, and project logistics solutions across sectors including renewable wind energy, infrastructure, power, steel, cement, petrochemicals, and construction.

Fleet Details:

  • Operates 500+ cranes (including KSA)
  • Capacities ranging from 20 MT to 1,600 MT
  • Offers end-to-end lifting solutions including erection, installation, and maintenance services

Operations:

  • Headquartered in Pune
  • Strong domestic and international presence with operations in India, Saudi Arabia, and Botswana
  • Significant revenue from renewables segment through Sangreen Future Renewable Private Limited and Sangreen Logistics Private Limited