Sanghvi Movers Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to BSE Limited and National Stock Exchange of India Ltd on August 3, 2026. The filing, mandated under Regulation 34(2)(f) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, outlines the company’s environmental, social, and governance performance for the financial year ended March 31, 2026.

The report highlights significant progress in renewable energy adoption, noting the commissioning of a 120-kilowatt solar power system to reduce grid dependence. Sanghvi Movers also reported zero lost-time injuries and zero fatalities among employees and workers during FY26. The company’s CSR expenditure reached ₹1.08 crore, focused on education, healthcare, and sports initiatives benefiting vulnerable groups. As of March 31, 2026, the company had no pending complaints from shareholders or other stakeholders.

Operational and Environmental Highlights

Sanghvi Movers operates a fleet of over 450 cranes with lifting capacities ranging from 40 MT to 1600 MT. These assets are deployed across more than 130 customer locations in India, supporting sectors such as power, steel, cement, and refineries. The company is increasingly aligning its operations with renewable energy infrastructure, providing crane solutions for wind turbine installations.

Environmental risk mitigation remains a priority. The company identified emissions and pollutants as a material risk due to fuel consumption during crane operations. To address this, Sanghvi Movers has invested in solar power installations at its registered office in Pune and main workshop in Satte, Maharashtra, with capacities of 90 KW and 30 KW respectively. Additionally, the company implemented a recycling system for used oil and lubricants to minimize hazardous waste.

Governance and Stakeholder Engagement

The Board of Directors oversees sustainability-related issues, with Managing Director Rishi C. Sanghvi and Chief Financial Officer Pradeep Mehta designated as responsible authorities. The company maintains an Anti-Bribery and Anti-Corruption Policy and a Vigil Mechanism for whistleblowers. No disciplinary actions were taken against directors or employees for corruption or bribery during FY26.

Grievance redressal mechanisms were active across all stakeholder groups. One complaint was received from shareholders regarding non-receipt of the shareholder list, which was resolved promptly. No complaints were filed by communities, investors, employees, customers, or value chain partners. The company reported 100% assessment coverage of its value chain partners for health, safety, and environmental impacts.

Workforce and Social Impact

As of March 31, 2026, Sanghvi Movers employed 496 permanent employees and 2,310 workers. The workforce composition included 94.56% male and 5.44% female permanent employees. The company provided health insurance to 100% of permanent employees and workers. Training programs covered 100% of permanent employees on health and safety measures.

CSR initiatives in FY26 benefited over 800 individuals across education, sports, environment, and healthcare. Key projects included scholarships, school infrastructure support, athlete training, and mental health programs. All beneficiaries belonged to vulnerable and marginalised groups. The company also planted over 3,000 trees as part of its environmental conservation efforts.

Key Metrics at a Glance

What the Numbers Show

The data reveals a strong emphasis on operational safety and regulatory compliance, evidenced by zero safety incidents and resolved shareholder grievances. The investment in 120 kilowatts of solar capacity signals a tangible step toward reducing carbon intensity, although emissions remain a cited material risk. The high proportion of female beneficiaries in CSR projects (100%) underscores a targeted approach to inclusive development, aligning social impact with strategic sustainability goals.

Sanghvi Movers Limited reported a slight 1.5% year-on-year decline in standalone net profit to ₹41.2 crore for the quarter ended June 30, 2026 (Q1FY27), even as revenue from operations surged 27% to ₹203 crore. The divergence between top-line and bottom-line performance was driven by higher operating expenses and depreciation costs, offsetting the robust growth in the crane hiring segment. While consolidated profits rose 30% to ₹65.3 crore, the standalone entity faced margin pressure, highlighting the varying profitability dynamics across its domestic and international operations.

Standalone Financial Performance

The standalone results show a clear contrast between revenue momentum and profit realization. Revenue from operations increased to ₹20,297.46 lakh from ₹15,934.54 lakh in Q1FY26. However, total expenses rose sharply to ₹16,342.58 lakh from ₹11,388.87 lakh, primarily due to a 66% jump in operating and other expenses to ₹10,028.16 lakh. Depreciation and amortization also increased to ₹3,566.22 lakh from ₹3,135.25 lakh. Consequently, profit after tax (PAT) fell to ₹4,118.20 lakh from ₹4,180.63 lakh. Earnings per share (EPS) declined marginally to ₹4.76 from ₹4.83.

Segment-wise Breakdown

The crane hiring and ancillary services segment remained the primary revenue driver, contributing ₹19,205.52 lakh to total standalone revenue, up from ₹15,184.03 lakh in Q1FY26. This segment generated a result of ₹5,823.27 lakh, slightly higher than the ₹5,763.38 lakh recorded last year. The Project EPC segment saw significant growth, with revenue rising to ₹1,091.94 lakh from ₹750.51 lakh, and its result improving to ₹176.03 lakh from ₹99.84 lakh. Other income included a profit of ₹4.26 crore on the sale of property, plant, and equipment.

Consolidated vs Standalone Dynamics

While the standalone entity experienced margin compression, the consolidated group delivered stronger returns. Consolidated revenue rose 39% to ₹3,796.7 crore, and PAT increased 30% to ₹65.3 crore. The Wind E&C segment within the consolidated group contributed significantly, with revenue reaching ₹1,402.9 crore and results at ₹256.4 crore. Managing Director Rishi Sanghvi noted that international operations in Saudi Arabia and Botswana are gaining traction, contributing to the overall consolidated momentum. The order book expanded by 19% to ₹1,253 crore as of July 24, 2026, providing visibility for future quarters.

What the Numbers Show

The disparity between standalone and consolidated performance underscores the strategic importance of international and renewable energy ventures. While domestic standalone operations face rising cost pressures—evidenced by the 66% spike in operating expenses—the consolidated group benefits from high-margin Wind E&C projects and efficient international crane rentals. The standalone profit dip suggests that domestic crane rental margins may be under pressure from increased competition or higher input costs, whereas the diversified consolidated portfolio is successfully absorbing these shocks through growth in other segments.

Auditor Review and Compliance

MSKA & Associates LLP, the statutory auditors, conducted a limited review of the unaudited financial results and issued an unqualified conclusion for both standalone and consolidated statements. The review was performed in accordance with Standard on Review Engagements (SRE) 2410. The financial statements were prepared in compliance with Ind AS 34 and relevant SEBI regulations. The Board of Directors approved the results on July 31, 2026, pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.