Sanghvi Movers Limited has reported a remarkable 57% revenue growth, achieving revenues of INR 483 crores for the first half of FY '26, compared to INR 307 crores in H1 FY '25. This increase was primarily driven by sustained demand within the infrastructure and renewable energy sectors. In the second quarter alone, the company reported total operational income of INR 210 crores, indicating a 35% year-on-year growth from INR 156 crores in Q2 FY '25. The crane rental business emerged as a key contributor, accounting for approximately 68% of total revenue, while the Engineering, Procurement, and Construction (EPC) segment contributed 26.7%.
The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) for H1 FY '26 stood at INR 195 crores, reflecting an 11% year-on-year increase with a margin of 40%. Profit After Tax (PAT) also grew by 24%, reaching INR 87 crores compared to INR 70 crores in H1 FY '25. As of September 30, 2025, Sanghvi Movers maintained a strong financial position, with a net debt of INR 440 crores and a healthy debt-to-equity ratio of 0.36x. The company's average capacity utilization during the quarter was 70%, and it has an order book valued at INR 1,239 crores, signaling robust operational momentum.
Looking ahead, Sanghvi Movers is set to capitalize on significant sector growth, particularly in renewable energy, infrastructure, and EPC. The company has initiated a five-year strategic roadmap, "Elevate 2030," aimed at expanding its global footprint and diversifying its portfolio. Recently, Sanghvi Movers commenced operations in Saudi Arabia, with plans to deploy more cranes to meet increasing demand in the region. The total investment potential in Saudi Arabia is estimated between $1.6 trillion to $2 trillion, positioning the company for substantial revenue growth over the coming years. Management expressed confidence in sustaining performance in FY '26 and beyond, buoyed by a strong inquiry pipeline exceeding INR 2,000 crores.