Sanghvi Movers Ltd
Sanghvi Movers Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
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 management made on revenue & sales performance
Profitability & Margins
See what Sanghvi Movers Ltd said on profitability & margins — free account, 30 seconds.
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 management made on capital expenditure plans
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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 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 management made on order book & pipeline
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's management said in earlier quarters
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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.