Sanghvi Movers Posts FY26 Revenue Rise And Strong Margins

25 May 2026 CW Team

Sanghvi Movers Limited reported consolidated financial results for the fourth quarter and year ended 31 March 2026, showing robust revenue growth. FY26 revenue was Rs 10,700 million (mn), up 36.8 per cent year on year, driven by demand across heavy lift and project logistics. The company is described as the world's fifth largest and India's largest crane rental company operating a fleet of 500+ cranes.

In Q4 FY26 revenue was Rs 3,510 mn, representing a 31.5 per cent increase versus Q4 FY25, while quarter on quarter revenue rose 48.7 per cent. EBITDA for the quarter was Rs 1,430 mn and for the year Rs 4,290 mn, delivering an annual EBITDA margin of 40.1 per cent. Profit after tax for Q4 stood at Rs 690 mn and annual PAT was Rs 1,840 mn, with a PAT margin of 17.2 per cent.

The company reported utilisation of 79 per cent and yield of 2.12 per cent for FY26, and it said all Botswana cranes were commissioned on schedule. Management noted a secured order book for FY27 and a robust pipeline supporting remaining growth, and the business received multiple client safety excellence awards. The company also reported enhanced operational efficiency in India through improved utilisation and yield.

Management said FY26 reflected resilient performance amid global challenges, citing supply chain disruptions and project delays but emphasising operational discipline and execution. The company outlined its ELEVATE 2030 transformation to expand internationally, broaden services and deepen partnerships across Saudi Arabia and the MENA corridor while focusing on cost optimisation and prudent capital allocation. Renewables operations contributed meaningfully to revenue and the group continues to leverage technical expertise and digital capabilities to capture market opportunities.

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