Sanghvi Movers Reports 25% Jump in Q2 Net Profit, Revenue Surges 34%

Sanghvi Movers , a prominent player in the crane rental industry, has reported a robust financial performance for the second quarter of the fiscal year. The company's consolidated results show significant growth in both revenue and profitability, despite a slight decline in margins.

Financial Highlights

Metric (in million rupees)	Q2 FY2026	Q2 FY2025	YoY Change
Net Profit	363.00	291.00	+24.7%
Revenue	2,090.00	1,560.00	+33.9%
EBITDA	808.00	731.00	+10.5%
EBITDA Margin	38.49%	46.81%	-8.32 pts

Key Takeaways

Profit Growth: Sanghvi Movers' consolidated net profit for Q2 FY2026 rose to 363.00 million rupees, marking a significant 24.7% increase from 291.00 million rupees in the same quarter of the previous year.
Revenue Surge: The company's revenue showed impressive growth, climbing to 2,090.00 million rupees from 1,560.00 million rupees year-on-year, representing a 33.9% increase.
EBITDA Performance: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) improved to 808.00 million rupees, up from 731.00 million rupees in the previous year, indicating a 10.5% rise.
Margin Pressure: Despite the overall growth, the EBITDA margin experienced a decline, dropping to 38.49% from 46.81% in the corresponding quarter last year. This 8.32 percentage point decrease suggests increased operational costs or pricing pressures.

Market Implications

The robust growth in revenue and profit may be viewed positively by investors, potentially reflecting increased demand for Sanghvi Movers' crane rental services. However, the decline in EBITDA margin warrants attention and may prompt questions about cost management and pricing strategies in future investor communications.

Conclusion

Sanghvi Movers' Q2 FY2026 results paint a picture of strong growth, with substantial improvements in revenue and profitability. While the company faces some margin pressure, its overall financial performance demonstrates resilience and effective business expansion in the crane rental sector. Investors and analysts will likely keep a close eye on how the company manages to balance growth with profitability in the coming quarters.

Note: The financial results discussed in this article are based on the consolidated figures for the quarter ended September 30, 2025, as reported by Sanghvi Movers Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.24%	-4.44%	-6.31%	+44.24%	-8.31%	+826.68%

Sanghvi Movers , Asia's largest crane rental service provider, has set its sights on achieving a revenue target of Rs 1,000 crore for the fiscal year 2026 (FY26). The company's ambitious goal is backed by a robust order book of Rs 950 crore, signaling strong growth prospects in the coming years.

Revenue Growth and Order Book

Managing Director Rishi Sanghvi expressed optimism about the company's performance, stating that they expect to surpass the initially projected 30% revenue growth target. The current order book of Rs 950 crore provides a solid foundation for this growth trajectory.

Sanghvi Movers anticipates securing additional orders in the second half of FY26, further bolstering its revenue streams. The company's crane rental business caters to a diverse range of sectors, including:

Steel
Cement
Nuclear power
Thermal power
Renewable energy
Oil and gas
Refineries
Metro projects
Railways
Bridge construction

Subsidiary Performance

The company's subsidiary, Sangreen Future Renewables, has also contributed to the positive outlook. It has secured orders worth Rs 292 crore from Independent Power Producers for wind balance of plant execution. These projects are expected to generate EBITDA margins of 10-12%, adding to the company's overall financial performance.

Expansion Plans and Capital Expenditure

Sanghvi Movers has outlined an ambitious capital expenditure plan of approximately Rs 500 crore for FY26. The allocation of this capex is as follows:

Purpose	Amount (in Rs crore)
Expansion in Saudi Arabia	200.00
Indian operations	300.00

This strategic investment underscores the company's commitment to growth and its intention to strengthen its position in both domestic and international markets.

Stock Performance

Investors have responded positively to Sanghvi Movers' growth plans and strong order book. The company's shares closed 4.13% higher at Rs 387.00 on the National Stock Exchange (NSE), reflecting market confidence in its future prospects.

Conclusion

Sanghvi Movers' ambitious revenue target, backed by a strong order book and strategic expansion plans, positions the company for significant growth in FY26. With its diverse client base across critical infrastructure sectors and international expansion efforts, the crane rental giant is poised to capitalize on the growing demand for its services in India and beyond.