Quarterly Result7 Nov 2025, 09:11 pm
Sanghvi Movers Reports 57% Y-o-Y Revenue Growth in H1 FY26, Enters KSA Market
AI Summary
Sanghvi Movers Limited (SANGHVIMOV), one of the world's largest crane rental companies, announced its financial performance for the first half of the financial year 2025-26 (H1 FY26). The company reported a revenue of Rs. 483 crore, marking a 57% year-over-year (Y-o-Y) growth. The profit after tax (PAT) stood at Rs. 87 crore, up by 24% Y-o-Y. The company has also commenced operations in the Kingdom of Saudi Arabia (KSA) and reported its first dollar of revenue from this market. Sangreen Future Renewables, a subsidiary, is also gaining significant traction.
Key Highlights
- Revenue from operations was Rs. 210 crore for Q2 FY26, a 35% Y-o-Y increase
- EBITDA stood at Rs. 88 crore for Q2 FY26, up by 9% Y-o-Y
- PAT stood at Rs. 36 crore for Q2 FY26, a 24% Y-o-Y increase
- Company has commenced operations in the Kingdom of Saudi Arabia and started generating revenue
- Sangreen Future Renewables, subsidiary is gaining significant traction