Sanghvi Movers Reports 65% Revenue Growth, Expands into Saudi Arabia

🚀

posted a total income of ₹273 crores in Q1 FY2026, up 65% YoY, with an EBITDA margin of 38% and net profit of ₹50 crores. The crane rental segment delivered ₹159 crores revenue with 56% margin, while wind EPC brought in ₹106 crores with 11% margin. The company launched operations in Saudi Arabia via its wholly-owned subsidiary, deploying 12 cranes. Average capacity utilization rose to 80%, and 21 new cranes were added this quarter. FY26 CAPEX is revised to ₹321 crores with plans for 75–80 more cranes. Order book stood at ₹767 crores as of July 2025. Management highlighted diversification across verticals and geographies, with wind EPC now contributing ~20% to the bottom line.