Q3 FY2026 Numbers, New EPC Order, and more

Sanghvi Movers Limited, the world’s fifth largest and India’s largest crane rental company, today announced its financial performance for the third quarter ended December 31, 2025. Source – BSE

Financial Highlights: Q3 FY2026 (Consolidated)

• Revenue from the operations stood at ₹236 Cr for Q3 FY2026 compared to ₹208 Cr in Q3 FY2025, increase by 13.4% Y-o-Y
• EBITDA at ₹91 Cr for Q3 FY2026 compared to ₹82 Cr in Q3 FY2025, up 10.8% Y-o-Y
• Profit After Tax (PAT) stood at ₹29 Cr for Q3 FY2026 compared to ₹33 Cr in Q3 FY2025, down 12.4% Y-o-Y
• EBITDA margin stood at 38.6%
• PAT Margin stood at 12.3%

Secured “Wind BOP EPC Orders”

Sangreen Future Renewables Private Limited (SFRPL), a wholly owned subsidiary of Sanghvi Movers Ltd, secured “wind BOP EPC orders” worth ₹429 Cr from leading IPPs – the 270.6 MW projects, scheduled from Q3 FY2026 to Q1 FY2028.

Incorporation Of New Subsidiary

The Company strengthened its international presence with the incorporation of its 100% subsidiary, Sanghvi Movers Botswana Proprietary Limited, and secured its first major overseas order.

The subsidiary secured a USD 4.3 million contract from Jindal Energy Botswana for a 4×175 MW power project, to be executed between fiscal years 2026 and 2028.

Click on Sanghvi Movers News for detailed information.

Sanghvi Movers Limited

MD Speech –

Commenting on Q3 FY2026 performance, Mr. Rishi Sanghvi, Managing Director, Sanghvi Movers Limited (SML), said,

I am delighted to share that SML showcased robust growth with 39.7% YoY during 9M FY26. This growth was driven by our sustained focus on enhancing service offerings aligned with evolving global demand, while reinforcing the Company’s growth engines across domestic and international markets.

SML continues to strengthen its presence in the renewable energy ecosystem, advancing its commitment to sustainable infrastructure through renewable-focused EPC initiatives that bolster long-term revenue visibility.

Simultaneously, the Company is progressing its global expansion strategy with its first overseas execution, extending its footprint in international power and infrastructure markets and supporting the transition toward sustainable energy solutions.

Sanghvi Movers continues to execute its ELEVATE 2030 strategy, advancing customer value through global expansion, a broader service portfolio, and outcome-oriented engagement.

Building on 36 years of operational excellence, the Company is deploying its expertise, partnerships, and digital strengths to pursue growth across Saudi Arabia and the wider MENA region.

Overall, the business outlook remains strong, and we remain optimistic about sustaining our growth trajectory in the period ahead.

• The market capitalization of the company is ₹2,750 Cr.
• The stock is currently trading above its 20 and 50 DEMA, and below its 100 and 200 DEMA.

LAST ARTICLE – Fractal Analytics IPO Review

5 May 2017

Company Background –

History –

Sanghvi Movers Limited was incorporated as a Private Limited Company under the Companies Act, 1956, on 3rd November 1989 and subsequently converted into a public limited company on 2nd November 1994 by passing a special resolution in the extraordinary general meeting held on 1st October 1994.

Business –

Sanghvi Movers Ltd, a flagship company of the Sanghvi Group, is one of the largest cranes hiring company in India, third largest in Asia and ranked tenth largest in the world. The company’s main business is an operation of cranes.

They are engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure areas with a fleet of 300 medium-to-large-size hydraulic trucks mounted telescopic and lattice boom cranes and crawler cranes with lifting capacity ranging from 20 tons to 800 tons.

Company’s Network –

The company’s service network includes various depots located at Pune, Vadgaon, Chakan, Nagpur, Jamnagar, Bharuch, Delhi, Cuttack, Bangalore, Chennai, and others.

Business Area –

The sectors serviced by the company include wind power, steel, power, refinery, cement, metals, construction, and paper. The company also has operations in power generation windmills of 5.05 megawatts installed in states of Rajasthan and Karnataka.

Listed On –

The company’s shares are listed for trading on National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) in India.

Stock Information –

Share Holding Pattern –

Financials –

Conclusion –

Considering the sector outlook and techno-funda analysis; Sanghavi Movers Limited looks reasonably valued at Rs 256. FinBlab recommends investing in a stock keeping a long-term view in mind.

Here is a snapshot of the previous value pick. Click here to see full analysis.

Next Value Pick on 5 June 2017

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