Sanghvi Movers Ltd
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Sanghvi Movers Ltd
Sanghvi Movers Ltd. engages in the provision of crane hiring services and power generation. The company is headquartered in Pune, Maharashtra and currently employs 249 full-time employees. The firm is also engaged in power generation. The firm provides hydraulic and crawler cranes to various industries in the infrastructure sector and has a fleet of approximately 377 medium to large size hydraulic trucks mounted telescopic and lattice boom cranes, and crawler cranes with lifting capacity ranging from 20 tons to 800 tons. Its cranes are primarily used for erection of power plants, cement plants, steel plants, refineries and petrochemicals, fertilizers plants, metro projects and windmill erections. Its crane fleet is procured from Europe, the United States and Japan. The firm has over 64 imported hydraulic multi-axle modular trailers and approximately 90 high bed trailers.
Sanghvi Movers Ltd. engages in the provision of crane hiring services and power generation. The company is headquartered in Pune, Maharashtra and currently employs 249 full-time employees. The firm is also engaged in power generation. The firm provides hydraulic and crawler cranes to various industries in the infrastructure sector and has a fleet of approximately 377 medium to large size hydraulic trucks mounted telescopic and lattice boom cranes, and crawler cranes with lifting capacity ranging from 20 tons to 800 tons. Its cranes are primarily used for erection of power plants, cement plants, steel plants, refineries and petrochemicals, fertilizers plants, metro projects and windmill erections. Its crane fleet is procured from Europe, the United States and Japan. The firm has over 64 imported hydraulic multi-axle modular trailers and approximately 90 high bed trailers.
Revenue Growth: Q2 FY '26 revenue was INR 210 crores, up 35% YoY but down from INR 273 crores in Q1; H1 FY '26 revenue was INR 483 crores, up 57% YoY.
Profitability: Q2 FY '26 EBITDA rose 9% YoY to INR 88 crores with 42% margin; PAT grew 24% YoY to INR 36 crores.
Order Book Strength: The consolidated order book stands at INR 1,239 crores with a strong pipeline of inquiries worth over INR 2,000 crores.
Saudi Arabia Expansion: Commercial operations began in Saudi Arabia with over 30 cranes deployed and 100% utilization; robust $45–50 million inquiry pipeline.
CapEx Plans: Total CapEx planned for FY '26 is INR 629 crores, with INR 405 crores for India and INR 224 crores for Saudi Arabia.
Utilization & Yield: Q2 utilization was 70% (down from 80% in Q1, up from 68% YoY); blended yield remained stable around 2.04% per month.
Guidance Maintained: Management reiterated FY '26 top-line growth guidance of 25–30% and expects utilization to rise to 78–80% in H2.