Sanghvi Movers Limited Reports Strong Q1 FY27 Results Driven by Growth in Crane Rental and Renewables

Sanghvi Movers Limited Reports Strong Q1 FY27 Results Driven by Growth in Crane Rental and Renewables​

Sanghvi Movers Limited (SANGHVIMOV) has announced its unaudited financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), reflecting robust growth across its operations. As a leading integrated crane rental company, Sanghvi Movers delivered strong performance driven by both core rental services and expansion into international markets.

Consolidated Financial Performance Snapshot​

The consolidated financial figures highlight significant year-on-year increases in key operational areas for the quarter ended June 30, 2026.


The company reported a 39% year-on-year increase in Revenue from Operations, reaching ₹380 Cr for Q1 FY27. EBITDA stood at ₹139 Cr compared to ₹107 Cr in Q1 FY26, marking a 30% YoY rise. Profit After Tax (PAT) was reported at ₹65 Cr for Q1 FY27, an increase of 30% over the ₹50 Cr recorded in Q1 FY26.

Key Operational Highlights​

Sanghvi Movers Limited continued to strengthen its market position and operational footprint across various geographies.

• Order Book Expansion: The company’s order book increased by 19%, rising to ₹1,253 Cr as of July 24, 2026, up from ₹1,053 Cr recorded on May 14, 2026. This growth is attributed to strong business contributions from SML and SFRPL, bolstering confidence in achieving annual targets.
• International Operations: Successful commissioning of all Botswana cranes was achieved according to schedule, resulting in the repatriation of $1.1 Mn to India. Furthermore, operations in KSA delivered a cumulative EBITDA-Positive Performance.
• Infrastructure Enhancement: The corporate headquarters underwent a successful revamp, transforming into a modern and collaborative workspace that aligns with the Company's growth trajectory.

Management Commentary on Q1 FY27 Performance​

Mr. Rishi Sanghvi, Managing Director of Sanghvi Movers Limited (SML), commented on the results, stating that FY26 was pivotal to the company’s transformation journey, marked by strong execution in core crane rental and expansion into new avenues.

He noted that Q1 FY27 delivered a total income of ₹393 crore, reflecting robust 40% year-on-year growth. The quarter also saw the order book reach a healthy visibility level at ₹1,253 crore.

Mr. Sanghvi added that during Q1 FY27, new orders were secured in Qatar, execution activities progressed in Botswana, and ₹92 crore of the planned ₹652 crore FY27 capex was deployed across India and Saudi Arabia to support future growth and enhance fleet capacity. He concluded that with a healthy order book and disciplined capital allocation, the company remains well-positioned for sustainable growth.

Sanghvi Movers Limited operates as the world's third largest and India's largest crane rental company, specializing in heavy-lift, material handling, and project logistics solutions across sectors including renewable wind energy, infrastructure, power, steel, cement, petrochemicals, and construction. The company maintains a fleet of over 500 cranes globally, operating in India, Saudi Arabia, and Botswana.

SANGHVIMOV Stock Price Movement​

Sanghvi Movers Limited shares today slipped by 5.52% to settle at ₹409.80 after the market close. The stock traded within a wide session range, reaching a high of ₹454 but bottoming out near ₹393.45.