Sanghvi Movers Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹236Cr
- +13.5% YoY
- +12.4% QoQ
- Net profit
- ₹29Cr
- −12.1% YoY
- −19.4% QoQ
- Margin
- 36%
- −1 pp YoY
- −2 pp QoQ
Guidance rank: #26 of 38 in Commercial Services & Supplies
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The short version
Sanghvi Movers Limited targets INR1,000-plus crores revenue for FY 2026, with Q4 revenue guidance around INR500 crores, despite a possible 10-15% variation due to client-side factors. Management expects revenue growth driven by a robust order book (INR1,800+ crores as of December 2025) and a growing inquiry pipeline (~INR2,900 crores).
From Sanghvi Movers Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Sanghvi Movers Limited targets INR1,000-plus crores revenue for FY 2026, with Q4 revenue guidance around INR500 crores, despite a possible 10-15% variation due to client-side factors.
- The company has a strong order book of INR1,860 crores as of Dec 31, 2025; INR1,200 crores executable in FY 2026, with 30-40% order book in hand before the financial year start, giving confidence for mid-year revenue certainty.
- The inquiry pipeline has expanded to nearly INR2,900 crores, indicating sustained demand across core markets.
- International expansions in Saudi Arabia, Qatar, and Botswana support geographical diversification to maintain parity between crane rental and EPC business.
2 more points from Sanghvi Movers Ltd's call on revenue
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Profitability & Margins
Management expects revenue growth driven by a robust order book (INR1,800+ crores as of December 2025) and…
Locked: what Sanghvi Movers Ltd said on margins
Also locked on this page: fundraising
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Capital Expenditure Plans
- Sanghvi Movers has a capex plan of INR 629 crores for FY '26, with substantial delivery already done; around INR 121 crores pending in India and INR 147 crores in Saudi Arabia, expected to be fulfilled in Q4 2026.
- Capital expenditure is aligned with fleet expansion; depreciation will increase accordingly but is supported by higher utilization and revenue scale.
- Management is in the process of budgeting capex for FY '27 and will reveal details after Board approval.
- The company is making disciplined capital deployment decisions based on return framework focused on utilization, yield, and long-term return on capital employed.
2 more points from Sanghvi Movers Ltd's call on capex
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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
The company is running its annual operating plan and budgeting process, including decisions on capex,…
Locked: what Sanghvi Movers Ltd said on fundraising
Also locked on this page: margins
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Order Book & Pipeline
- As of December 31, the consolidated order book stood around INR1,860 crores.
- Of this, approximately INR1,200 crores are executable in the current financial year.
- Revenue guidance for the year is INR1,000-plus crores, implying around INR600 crores of orders will spill over to the next financial year.
- Approximately 15% of the order book may spill over due to market challenges.
- The company expects a Q4 revenue target of about INR500 crores (plus/minus 5-10%).
- Order book comprises crane rental-led work and wind project EPC, with an intent to maintain a balanced mix.
2 more points from Sanghvi Movers Ltd's call on order book
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Sanghvi Movers Ltd — Quarterly revenue & net profit
Sanghvi Movers Ltd Q3 FY26 results — key figures
| ₹ Cr | Q3 FY26 | Q3 FY25 | YoY | Q2 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 236 | 208 | +13.5% | 210 | +12.4% |
| Operating profit (EBITDA) | 85 | 76 | +11.8% | 81 | +4.9% |
| Operating margin | 36% | 37% | -1 pp | 38% | -2 pp |
| Profit before tax | 40 | 45 | -11.1% | 50 | -20% |
| Net profit (PAT) | 29 | 33 | -12.1% | 36 | -19.4% |
| EPS (₹) | 3.35 | 3.82 | -12.3% | 4.19 | -20% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹277 Cr, net profit ₹40 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Sanghvi Movers's management said in earlier quarters
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- One Point One (Q3 FY26)
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- Alldigi Tech (Q3 FY26)
Q3 FY26 Revenue: ₹152.7 Cr, a 9.5% year-on-year (YoY) increase and 3.6% quarter-on-quarter (QoQ) growth (Page 6, 13, 15, 23). Key investor presentation takeaway
Potential multibaggers · Q2 FY27
Potential multibaggers in Commercial Services & Supplies
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Sanghvi Movers Ltd Q3 FY26 results?
Sanghvi Movers Limited targets INR1,000-plus crores revenue for FY 2026, with Q4 revenue guidance around INR500 crores, despite a possible 10-15% variation due to client-side factors. Management expects revenue growth driven by a robust order book (INR1,800+ crores as of December 2025) and a growing inquiry pipeline (~INR2,900 crores).
What is Sanghvi Movers Ltd share price analysis?
Sanghvi Movers Ltd currently shows a neutral. The stock trades at a P/E of 20.0 with a market cap of ₹4,105 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sanghvi Movers Ltd planning capital expenditure?
Sanghvi Movers has a capex plan of INR 629 crores for FY '26, with substantial delivery already done; around INR 121 crores pending in India and INR 147 crores in Saudi Arabia, expected to be fulfilled in Q4 2026.
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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.