Sanghvi Movers Reports 65% Revenue Growth in Q1, Expands to Saudi Arabia Aug 12, 2025
Sanghvi Movers Reports Strong Q1 Performance with 81% Capacity Utilization Aug 07, 2025
Sanghvi Movers Unveils ₹471 Crore Expansion Plan Amid Strong Q1 Performance Aug 06, 2025
More news about Sanghvi Movers
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.
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.