Sanghvi Movers reports robust H1 FY26 performance, strategic growth

Sanghvi Movers Limited reported consolidated total income of INR 498 Cr and profit after tax (PAT) of INR 87 Cr for H1 FY26, with Q2 FY26 contributing INR 218 Cr and INR 36 Cr respectively. The company achieved an average capacity utilization of 75% in H1 FY26 and 70% in Q2 FY26, alongside an average yield per month of 2.08% and 2.04% respectively. As of September 30, 2025, Net Debt stood at INR 440 Cr, with a Net Worth of INR 1212 Cr, resulting in a healthy D/E Ratio of 0.36:1.

The company's gross block totaled over INR 2700 Cr, with a robust order book of INR 1,239 Cr billable in FY26. Total planned CapEx for FY26 is INR 629 Cr, with INR 405 Cr allocated to India and INR 224 Cr to KSA. Investments as of September 30, 2025, included over 192 Crores in MF Schemes, demonstrating growth capital utilization for expansion in cranes, KSA operations, global diversification, and core adjacencies.

In KSA, H1 FY26 turnover reached INR 1.43 Cr with an 85% average capacity utilization. The KSA crane rental market pipeline for 12-24 months has a total visible value of $32-$49 Million, with advanced pipeline projects estimated at $13-$18 Million.