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Latest news about Sanghvi Movers

Sanghvi Movers Releases Q3FY26 Investor Presentation, Highlights KSA Growth Feb 02, 2026

Sanghvi Movers Limited released its Q3FY26 investor presentation highlighting consolidated revenue of ₹236 crore for the quarter and ₹719 crore for nine months, representing 13.4% and 39.7% year-on-year growth respectively. The presentation emphasized strategic expansion in the KSA market with an inquiry pipeline worth ₹184 crore and planned capital expenditure of ₹629 crore for FY26.

Sanghvi Movers Subsidiary Secures $4.3 Million Contract from Jindal Energy Jan 19, 2026

Sanghvi Movers Limited Announces Statutory Auditor's Conversion to LLP Structure Jan 19, 2026

Sanghvi Movers Limited Incorporates Wholly Owned Subsidiary in Botswana for Crane Rental Services Jan 14, 2026

Sanghvi Movers Unit Wins ₹429 Crore Contract Worth ₹4.29 Billion Dec 22, 2025

More news about Sanghvi Movers

11Dec 25

Sanghvi Movers Announces New Partnership With Ace to Enhance Elevate 2030 Vision

Sanghvi Movers has formed a new partnership with Ace to support their Elevate 2030 strategic vision, with a focus on local heavy crane operations. The partnership aims to enhance the company's operational capabilities, though specific financial details and terms remain undisclosed.

11Dec 25

Sanghvi Movers Signs Strategic MoU with ACE for Indigenous Heavy Crane Integration

Sanghvi Movers Limited has signed a strategic MoU with Action Construction Equipment Limited at EXCON 2025 to integrate indigenously manufactured heavy cranes into its fleet. This partnership advances SML's ELEVATE 2030 vision while supporting India's Aatmanirbhar Bharat and Make in India initiatives. The collaboration will enhance SML's service offerings through domestically produced Heavy Slew Cranes, Truck Cranes, and Crawler Cranes, reducing import dependency and strengthening national capabilities in the heavy lifting equipment sector.

14Nov 25

Sanghvi Movers Reports 35% Revenue Growth in Q2, Expands into Saudi Arabia

Sanghvi Movers Limited, India's largest crane rental company, reported a 35% year-on-year increase in Q2 total income to INR 210.00 crores. The company's half-yearly revenue grew by 57% to INR 483.00 crores. Profit After Tax increased by 24% to INR 36.00 crores. The company maintained a 42% EBITDA margin and reported 70% capacity utilization. Sanghvi Movers has commenced operations in Saudi Arabia with over 30 cranes deployed. The Board approved a capex plan of INR 629.00 crores for the current fiscal year, with INR 405.00 crores for India and INR 224.00 crores for Saudi Arabia.

10Nov 25

Sanghvi Movers Reports 57% Revenue Surge to ₹483 Cr in H1 FY26, Expands to Saudi Arabia

Sanghvi Movers Limited, the world's fifth-largest crane rental company, reported a 57% increase in consolidated revenue to ₹483.00 crores for H1 FY26. Profit after tax rose 24% to ₹87.00 crores, with EBITDA at ₹195.00 crores and a 40% margin. The company improved its average utilization to 75% and maintained a debt-to-equity ratio of 0.36:1. Sanghvi Movers expanded operations to Saudi Arabia, planned ₹629.00 crores in CapEx for FY26, and reported an order book of ₹1,239.00 crores. The company operates over 400 cranes and has invested ₹192.00 crores in mutual funds.

07Nov 25

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

Sanghvi Movers, a leading crane rental company, has announced impressive Q2 FY2026 financial results. The company's consolidated net profit increased by 24.7% to 363.00 million rupees, while revenue surged by 33.9% to 2,090.00 million rupees compared to the same quarter last year. EBITDA also improved by 10.5% to 808.00 million rupees. However, the EBITDA margin declined by 8.32 percentage points to 38.49%, indicating potential cost pressures.

17Sept 25

Sanghvi Movers Eyes Rs 1,000 Crore Revenue in FY26, Plans Rs 500 Crore Capex

Sanghvi Movers, Asia's largest crane rental service provider, aims for Rs 1,000 crore revenue in FY26, supported by a Rs 950 crore order book. The company expects to exceed its 30% revenue growth target. Its subsidiary, Sangreen Future Renewables, secured Rs 292 crore in orders. Sanghvi Movers plans Rs 500 crore capex, allocating Rs 200 crore for Saudi Arabia expansion and Rs 300 crore for Indian operations. The company's shares closed 4.13% higher at Rs 387.00 on NSE.

15Sept 25

Sanghvi Movers' Subsidiary Secures Rs. 292 Crore Wind Energy Orders

Sangreen Future Renewable, a subsidiary of Sanghvi Movers Limited, has secured work orders worth Rs. 292 crores from various Independent Power Producers in the wind energy sector. The contracts involve comprehensive Wind Balance of Plant services, including WTG foundation construction, transportation, installation, and related infrastructure development. Projects are set to begin in Q2 FY 2025-26 and complete by Q1 FY 2026-27. This development strengthens the company's position in the renewable energy infrastructure market.

12Aug 25

Sanghvi Movers Reports 65% Revenue Growth in Q1, Expands to Saudi Arabia

Sanghvi Movers Limited, a leading crane rental company in India, reported a 65% year-on-year growth in total income for Q1, reaching ₹273.00 crores. The company's EBITDA margin was 38%, with a net profit of ₹50.00 crores. The core crane rental business generated ₹159.00 crores with a 56% EBITDA margin, while the wind EPC business contributed ₹106.00 crores. Average capacity utilization improved to 80%, and the company added 21 cranes during the quarter. Sanghvi Movers expanded into Saudi Arabia, deploying 12 cranes and securing its first order. The company's order book stands at ₹767.00 crores, with plans to execute ₹500.00 crores worth of orders this fiscal year.

07Aug 25

Sanghvi Movers Reports Strong Q1 Performance with 81% Capacity Utilization

Sanghvi Movers Limited, a leading crane rental company in Asia, announced impressive Q1 financial results. Consolidated revenue surged 81.5% year-over-year to ₹273.35 crores, while profit after tax increased 23.8% to ₹50.26 crores. The company maintained a high capacity utilization of 81% and achieved an average blended yield of 2.11%. With a robust order book of ₹767.00 crores and planned capital expenditure of ₹321.00 crores, Sanghvi Movers is poised for continued growth. The company is also expanding its presence in Saudi Arabia through its subsidiary, Sanghvi Movers Middle East.

06Aug 25

Sanghvi Movers Unveils ₹471 Crore Expansion Plan Amid Strong Q1 Performance

Sanghvi Movers Limited, Asia's largest crane rental company, has unveiled expansion plans worth ₹471 crore. This includes a ₹321 crore investment in India to add 76 new cranes and a ₹150 crore expansion into Saudi Arabia. The company reported a consolidated turnover of ₹273 crore and a PAT of ₹50 crore in Q1, with an order book of ₹767 crore. The crane renting segment showed strong performance with a 56% EBITDA margin. Sanghvi Movers has also invested ₹131 crore in mutual funds for future growth opportunities.

06Aug 25

Sanghvi Movers Reports Strong Q1 Results with 81% Revenue Growth and Key Leadership Changes

Sanghvi Movers Limited, Asia's largest crane rental company, reported an 81% increase in Q1 revenue to ₹273.35 crore, with a 23.80% rise in PAT to ₹50.26 crore. The company achieved 81% capacity utilization and maintains a strong order book of ₹494.00 crore. Sanghvi Movers plans a total capex of ₹321.00 crore for Indian operations and up to ₹150.00 crore for Saudi Arabian operations, significantly expanding its crane fleet. The company also announced key management changes, including new appointments for CFO, Company Secretary, and Managing Director of its Middle East subsidiary.

24May 25

Sanghvi Movers Sets Ambitious 25-30% Revenue Growth Target for FY26

Sanghvi Movers Ltd. aims for 25-30% top-line growth by FY26, driven by a strong order book. The company plans to double revenue in Wind EPC and Project EPC segments. Q4 FY25 showed 79% capacity utilization and 2% blended average yield. Sanghvi Movers is expanding into Saudi Arabia's infrastructure projects.

22May 25

Sanghvi Movers Secures ₹49.5 Crore Order, Boosting Business Prospects

Sanghvi Movers Ltd (SML), a leading crane rental company, has won a new order worth ₹49.50 crore. The company announced this development through a regulatory filing, complying with LODR regulations. While specific project details and client information remain undisclosed, the order is expected to positively impact SML's financial performance in upcoming quarters. Sanghvi Movers, known for its fleet of hydraulic and crawler cranes, serves various industries including power, steel, cement, petrochemicals, and infrastructure.

20May 25

Sanghvi Movers Reports Q4 Results: Revenue and Profit Decline, Declares Dividend

Sanghvi Movers, a crane rental company, announced Q4 financial results with declining figures. Revenue decreased 1.8% to ₹1.62 billion, EBITDA fell 3.5% to ₹890.60 million, and net profit dropped 8.9% to ₹434.50 million year-over-year. Despite challenges, the company declared a final dividend of ₹2.00 per equity share. Sequential improvement in net profit was noted from the previous quarter.

13Mar 25

Sanghvi Movers Invests ₹80 Crore in Renewable Energy Subsidiary

Sanghvi Movers Limited has approved an ₹80 crore investment in its wholly-owned subsidiary, Sangreen Future Renewables Private Limited. The investment involves subscribing to 80,00,000 equity shares at ₹10 each. Sangreen, incorporated in June 2024, provides turnkey services for wind energy projects and reported an unaudited turnover of ₹965.62 crore as of December 31, 2024. This strategic move aims to expand Sanghvi Movers' presence in the renewable energy sector, leveraging synergies with its crane rental operations. The transaction is set to complete by March 31, 2025.