Sanghvi Movers announced its fiscal year results, with revenue crossing Rs 1,000 crore for the first time. The company reported a PAT of Rs 184 crore and declared a final dividend of Rs 2.00 per share, signaling a positive operational year.
Sanghvi Movers Reports Record Revenue, Declares Dividend
Revenue crosses Rs 1,070 crore; PAT up 17.7% to Rs 184 crore. Reader Takeaway: Strong revenue growth and improved utilization drive profits, while international expansion offers future potential. ## What just happened Sanghvi Movers Ltd held its 37th Annual General Meeting (AGM) where it presented its financial performance for the fiscal year ended March 31, 2026. The company announced that its revenue from operations reached Rs 1,070 crore, marking a significant 36.9% year-on-year increase and crossing the Rs 1,000 crore milestone for the first time. The company also reported a Profit After Tax (PAT) of Rs 184 crore, a 17.7% rise compared to the previous year. A final dividend of Rs 2.00 per equity share was declared. ## Why this matters These results indicate a strong growth trajectory for Sanghvi Movers, driven by improved operational efficiency and strategic investments. Crossing the Rs 1,000 crore revenue mark is a key financial milestone. The increased PAT and dividend payout are positive signals for shareholders, reflecting the company's profitability and commitment to returning value. ## The backstory The company's long-term strategy, 'Elevate 2030,' appears to be yielding results. In the past year, Sanghvi Movers deployed Rs 474 crore in capital expenditure, including investments in India and Saudi Arabia. The domestic crane hiring business showed robust growth of 35%. ## What changes now Shareholders have approved the financial statements and the proposed final dividend. The appointment of statutory auditors and the re-appointment of a director were also ratified. The company's focus remains on executing its 'Elevate 2030' strategy and expanding its international presence, particularly in Saudi Arabia, where its subsidiary achieved monthly EBITDA profitability. ## Risks to watch While the company has a strong order book of approximately Rs 1,250 crore, future growth will depend on continued execution of its expansion plans and maintaining high fleet utilization rates. Geopolitical and economic factors in international markets, such as Saudi Arabia, could pose risks. ## Peer comparison Sanghvi Movers operates in the crane rental and material handling services sector. Its reported EBITDA margin of 40.1% is a key indicator of its operational efficiency compared to peers. The company's focus on large-scale projects and infrastructure development in India and the Middle East positions it uniquely. ## Context metrics (time-bound) - Revenue (FY 2025-26): Rs 1,070 crore (+36.9% YoY) - EBITDA (FY 2025-26): Rs 429 crore (Margin: 40.1%) - PAT (FY 2025-26): Rs 184 crore (+17.7% YoY) - Final Dividend: Rs 2.00 per equity share - Order Book: ~Rs 1,250 crore - Fleet Utilization: 79% (vs 73% last year) - Net Debt-to-Equity Ratio: 0.47 - Net Worth: Rs 1,310 crore ## What to track next Investors will be keen to observe the progress of the 'Elevate 2030' strategy, further expansion in international markets, and the impact of new capex on future revenues and profitability. Monitoring order book conversion and fleet utilization will be crucial.
