Sanghvi Movers Ltd
Sanghvi Movers Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Sanghvi Movers has a robust order book of INR1,239 crores for FY '26, with approximately INR756 crores expected to be executed during the year; about 10%-15% may spill over into FY '27 due to monsoon and client delays. Revenue guidance for FY '26 remains at 25% to 30% growth, driven by crane rental (10%-15%), Wind EPC (>2x), and Project EPC (~2x) growth (Page 8).
From Sanghvi Movers Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Sanghvi Movers has a robust order book of INR1,239 crores for FY '26, with approximately INR756 crores expected to be executed during the year; about 10%-15% may spill over into FY '27 due to monsoon and client delays.
- The company expects Q3 and Q4 to be strong quarters with crane utilization projected to rise to 78%-80%, supporting revenue growth.
- Management maintains FY '26 top line growth guidance of 25%-30%, with crane rental growing 10%-15%, Wind EPC more than 2x, and project EPC approximately 2x.
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Profitability & Margins
See what Sanghvi Movers Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Total approved capex for FY '26 is INR 629 crores: INR 405 crores for India and INR 224 crores for Saudi Arabia (KSA).
- As of H1 FY '26, INR 140 crores has been incurred: INR 123 crores in India and INR 17 crores in KSA.
- Majority of the capex will be deployed in Q3 and Q4 FY '26.
- The company is importing all equipment for capex from Germany and China with no expected customs duty impact.
- In KSA, the plan includes purchasing approximately 54 cranes, with 30+ cranes already deployed on customer sites.
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Top-ranked in Commercial Services & Supplies
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Sanghvi Movers Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of November 10, 2025, Sanghvi Movers Limited's consolidated order book stands at INR 1,239 crores.
- Approximately INR 756 crores of this order book is expected to be executed during the financial year FY '26.
- Around 10% to 15% of the order book may spill over into FY '27 due to monsoon-related delays and site readiness issues from customers.
- The company has a robust inquiry pipeline exceeding INR 2,000 crores, indicating strong future demand.
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Sanghvi Movers Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹351 Cr, net profit ₹69 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Sanghvi Movers Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Sanghvi Movers Ltd Q2 FY26 results?
Sanghvi Movers has a robust order book of INR1,239 crores for FY '26, with approximately INR756 crores expected to be executed during the year; about 10%-15% may spill over into FY '27 due to monsoon and client delays. Revenue guidance for FY '26 remains at 25% to 30% growth, driven by crane rental (10%-15%), Wind EPC (>2x), and Project EPC (~2x) growth (Page 8).
What is Sanghvi Movers Ltd share price analysis?
Sanghvi Movers Ltd currently shows a neutral. The stock trades at a P/E of 14.6 with a market cap of ₹2,990 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sanghvi Movers Ltd planning capital expenditure?
Total approved capex for FY '26 is INR 629 crores: INR 405 crores for India and INR 224 crores for Saudi Arabia (KSA).
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.