Sanghvi Movers Reports Q1 Results for FY2026; Consolidated Profit Stands at 6,525.37 Lakhs
Sanghvi Movers Limited announced its unaudited financial results for the quarter ended June 30, 2026, providing both standalone and consolidated views of the Group's performance. The company reported total income from operations of 21,844.60 Lakhs in its standalone entity, while the Group achieved a profit for the period of 6,525.37 Lakhs on a consolidated basis.The results reflect the varying operational contributions across different segments within the Group structure and include provisions relating to recent changes in labour codes.
Financial Performance Snapshot (Q ending June 30, 2026)
The key financial metrics for the standalone entity are presented below:| Metric | Value (Lakhs) |
|---|---|
| Total Income from Operations | 21,844.60 |
| Total Expenses | 16,342.58 |
| Profit Before Tax (PBT) | 5,502.02 |
| Total Tax Expense | 1,383.82 |
| Profit for the Period | 4,118.20 |
In comparison, the consolidated results showed a robust operational scale and income flow across all subsidiaries:
| Metric | Value (Lakhs) |
|---|---|
| Total Income from Operations | 44,558.72 |
| Profit Before Tax (PBT) | 8,764.11 |
| Total Tax Expense | 2,238.74 |
| Profit for the Period | 6,525.37 |
Operational Segment Overview
The Group's operations are diversified across several segments, including Crane hiring and ancillary services, Project EPC, and Wind E&C (Engineering, Procurement, and Construction).Standalone Entity Segmentation:
The standalone business generated significant revenue from two primary areas:
- Crane hiring and other ancillary services recorded 19,205.52 Lakhs in revenue for the quarter.
- Project EPC contributed 176.03 Lakhs to the entity's income.
Group (Consolidated) Segment Composition:
The consolidated view reveals the scale of operations across all subsidiaries:
| Segment | Total Revenue from Operations (Q ending June 30, 2026 - Unaudited) |
|---|---|
| Crane hiring and other ancillary services | 29,438.20 Lakhs |
| Wind E&C | 14,028.58 Lakhs |
| Project EPC | 1,091.94 Lakhs |
| Total Income from Operations | 44,558.72 Lakhs |
Key Financial and Operational Notes
The results incorporate several significant operational events impacting both the standalone and consolidated statements:- Labour Code Impact: The Group assessed the incremental impact of the notification of four Labour Codes—the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health and Working Conditions Code, 2020. This impact was presented under Exceptional Items in the consolidated statement of profit and loss. The incremental impact for gratuity provision for three months ended March 31, 2026, and twelve months ended March 31, 2026, consisted of INR (539) lakhs and INR 279.26 lakhs respectively, primarily arising due to the change in wage definition.
- Asset Damage: For the year ended March 31, 2026, the mobilization of a crane cabin resulted in significant damage to the trailer and cabin. The loss was treated as an exceptional item. Net written down value (WDV) of the asset amounting to INR 396 Lakhs, along with the reversal of input tax credit availed at INR 59.20 Lakhs, was recognized and charged to the standalone statement of profit and loss.
- Financial Trends: In the standalone segment, revenue from operations for the quarter stood at 20,297.46 Lakhs, compared to 20,509.60 Lakhs in the previous year (quarter ended March 31, 2026), and 15,934.54 Lakhs in the prior comparative quarter (June 30, 2025). For the Group, total revenue from operations was 37,966.86 Lakhs for the quarter ended June 30, 2026, compared to 35,141.06 Lakhs in the previous year and 27,335.50 Lakhs in the prior comparable period.
SANGHVIMOV Stock Price Movement
As of 1:50 PM, Sanghvi Movers Limited sheds 0.81% in live trading, with shares slipping by ₹3.50 to trade at ₹430.45. The stock experiences pressure in its current session, reflecting a modest decline from earlier highs as the company continues to navigate market volatility.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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