Sanghvi Movers Reports FY26 Consolidated Results With Strong Margins

25 May 2026 CW Team

Sanghvi Movers Limited on 20 May 2026 reported consolidated fourth quarter and full year results, with FY26 revenue rising to Rs 10.7 billion (bn), up 36.8 per cent year on year. FY26 EBITDA was Rs 4.29 bn and profit after tax was Rs 1.84 bn. Results reflected improved demand across heavy lift and material handling.

For the quarter ended March, revenue was Rs 3.51 bn, up 31.5 per cent year on year, while quarterly EBITDA was Rs 1.43 bn and quarterly profit after tax was Rs 0.69 bn. Quarterly EBITDA margin and PAT margin were 40.1 per cent and 19.7 per cent respectively.

On a full year basis, revenue rose to Rs 10.7 bn from Rs 7.82 bn in FY25, with EBITDA at Rs 4.29 bn and PAT at Rs 1.84 bn. Annual EBITDA margin was 40.1 per cent and PAT margin was 17.2 per cent, reflecting sustained margin performance.

Operational highlights included a secured order book for FY27, commissioning of cranes in Botswana and client safety awards recognising HSE performance. Utilisation in India improved to 79 per cent with yield at 2.12 per cent. The renewables segment, driven by Sangreen Future Renewable Private Limited and Sangreen Logistics Private Limited, continues to contribute materially to group revenues. The group operates a fleet of more than 500 cranes with capacities from 20 tonne (t) to 1,600 tonne (t) and is expanding in markets such as Saudi Arabia.

Management said FY26 was resilient despite geopolitical tensions and supply chain disruptions and reported the highest ever total income of Rs 11.0 bn, noting progress under its ELEVATE 2030 strategy. The company will focus on cost optimisation, asset utilisation and prudent capital allocation to support long term sustainable value creation. The company said it is widely recognised for safety, reliability and engineering excellence.

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