Sanghvi movers posts 57% revenue growth in first half, expands to Saudi Arabia

Sanghvi Movers Limited announced a robust financial performance for H1 FY26, with revenue from operations reaching ₹483 crore, a 57% year-on-year increase compared to H1 FY25. For Q2 FY26, revenue stood at ₹210 crore, up 35% from ₹156 crore in Q2 FY25. The company's EBITDA for H1 FY26 grew by 11% to ₹195 crore, while Q2 FY26 EBITDA increased by 9% to ₹88 crore. Profit after tax (PAT) for H1 FY26 was ₹87 crore, a 24% rise, and Q2 FY26 PAT also saw a 24% increase to ₹36 crore. PAT margin for Q2 FY26 was 17%, with EBITDA margin at 42%.

The company highlighted key business achievements, including the commencement of operations and revenue generation in the Kingdom of Saudi Arabia this quarter. Its subsidiary, Sangreen Future Renewables, is gaining significant traction and showing strong potential for growth. Sanghvi Movers also reported securing an order book exceeding ₹1250 crore across its core crane rental and renewables businesses.

managing director Rishi Sanghvi attributed the strong performance to favorable market tailwinds and sustained demand across key sectors, emphasizing the company's progress on its "ELEVATE 2030" strategic roadmap. This roadmap focuses on global expansion, portfolio diversification, and strengthening customer-centric value creation.