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.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..