Synopsis:
Sanghvi Movers reported an 81% YoY revenue surge to Rs. 273 crore and 25% profit growth. The company plans significant expansion with major capex in India and Saudi Arabia.
India’s largest crane rental provider, renowned for powering key infrastructure with its extensive heavy-lifting fleet, just reported a remarkable 81% year-on-year revenue surge and 25% rise in profits. We will do a deep dive into the company’s stellar quarterly performance and what sparked its stock’s surge.
Sanghvi Movers Limited’s stock, with a market capitalisation of Rs. 2,480.40 crores, rose to Rs. 300.95, hitting a high of up to 9.7 percent from its previous closing price of Rs. 274.25. However, the stock over the past year has given a negative return of 35 percent.
Capital Expenditure Planned in FY26
The company plans to spend a lot of money in India and Saudi Arabia (KSA) to grow its business in the financial year 2026. In India, they plan to spend Rs. 321 crore in total. Out of this, Rs. 114 crore has already been spent in the first quarter to add 21 new cranes, and the remaining Rs. 207 crore will be used to add 55 more cranes.
In Saudi Arabia, the company spent Rs. 26 crore in the first quarter and plans to spend another Rs. 100-150 crore for the rest of the year. They started with 12 cranes and want to increase this number to between 30 and 40 by the end of the year. All these investments show that the company is working hard to expand its business and add more equipment in both countries.
Also read: FMCG stock jumps 12% after reporting ₹8.19 Cr profit against loss of ₹3.69 Cr previous year
Q1 Financial Update
Revenue for Q1FY26 stood at Rs. 273 crore, marking a strong YoY growth of 81% compared to Rs. 151 crore in Q1FY25, and a QoQ increase of 2% over Rs. 267 crore in Q4FY25. The company’s 3-year sales CAGR is 33%, highlighting sustained momentum, while the debt-to-equity (D/E) ratio remains conservative at 0.38.
Profit after tax for Q1FY26 reached Rs. 50 crore, up 25% YoY from Rs. 40 crore, though down 7% QoQ versus Rs. 54 crore in Q4FY25. The 3-year profit CAGR is exceptionally high at 84%, indicating strong bottom-line expansion over recent years.
Written By Fazal Ul Vahab C H
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
