Sanghvi Movers Ltd — earnings calls

Sanghvi Movers reported Q1 FY27 consolidated revenue of Rs. 380 crores, up 39% year-on-year, with EBITDA of Rs. 139 crores at a 35% margin, down from 40% in the prior quarter. Management attributed the sequential margin decline to higher expected credit loss provisions, a mark-to-market forex reinstatement, one-time employee incentives, and a shift in revenue mix toward ancillary equipment and cross rental rather than fresh capital expenditure. The company reiterated its FY27 guidance of Rs. 525-575 crores EBITDA and highlighted an order book of approximately Rs. 1,250 crores along with an inquiry pipeline of about Rs. 5,600 crores.

Sanghvi Movers reported Q4 FY26 income from operations of INR 351 crores, up 31.4% year-on-year, and full year FY26 revenue of INR 1,070 crores, up 36.9% over FY25. EBITDA for FY26 was INR 429 crores with a margin of 40.1%, while PAT for the year stood at INR 184 crores, a growth of 17.7%. Management said the Saudi Arabia (KSA) subsidiary has begun generating positive monthly EBITDA and discussed capex plans, order book of INR 1,053 crores, and an inquiry pipeline of about INR 4,000 crores.