Sanghvi Movers' Q2 FY 2025-26 Quarterly Results

Result Summary

• Sanghvi Movers Ltd reported a 22.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 32.5%.
• Its expenses for the quarter were down by 21.0% QoQ and up 36.8% YoY.
• The net profit decreased 27.8% QoQ and increased 24.6% YoY.
• The earnings per share (EPS) of Sanghvi Movers Ltd stood at 4.19 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Sanghvi Movers Ltd is a company that operates in the logistics sector, primarily focusing on providing crane rental services. It is recognized as one of the largest crane service providers in India, catering to a wide range of industries including power, cement, steel, and wind energy. Sanghvi Movers Ltd specializes in lifting and erecting heavy loads, which forms a crucial part of infrastructure development projects. The company has a robust fleet of cranes that vary in capacity to meet diverse client requirements. As of the most recent updates, there are no major developments available for Sanghvi Movers Ltd beyond this description.

Revenue

In the second quarter of the fiscal year 2026, Sanghvi Movers Ltd reported a total income of ₹217.59 crores. This represents a quarter-over-quarter decrease of 22.5% from the ₹280.75 crores recorded in the first quarter of the same fiscal year. However, when compared to the same quarter of the previous year (Q2FY25), there is a year-over-year increase of 32.5%, up from ₹164.26 crores. This fluctuation in revenue can be attributed to various operational and market factors that the company might have experienced over these periods.

Profitability

For Q2FY26, Sanghvi Movers Ltd's profit before tax (PBT) stood at ₹49.80 crores, showing a decrease of 27.0% from the prior quarter's ₹68.25 crores. On a year-over-year basis, there was a 19.6% increase from ₹41.64 crores in Q2FY25. The company incurred a tax expense of ₹13.53 crores in Q2FY26, compared to ₹17.99 crores in Q1FY26 and ₹12.52 crores in Q2FY25, marking a year-over-year increase of 8.1%. Consequently, the profit after tax (PAT) for the quarter was ₹36.27 crores, down by 27.8% on a quarterly basis from ₹50.26 crores, but up by 24.6% from the ₹29.12 crores recorded in Q2FY25. The earnings per share (EPS) for Q2FY26 was ₹4.19, showing a decline of 27.8% from Q1FY26's ₹5.80, but an improvement from ₹3.36 in Q2FY25, reflecting a 24.7% year-over-year growth.

Operating Metrics

Operating expenses for Sanghvi Movers Ltd in Q2FY26 totaled ₹167.79 crores, which is a reduction of 21.0% from the previous quarter's expenses of ₹212.51 crores. When compared to Q2FY25, there is a significant increase of 36.8% from ₹122.61 crores. This change in expenses may reflect the company's operational efficiency or scaling activities in response to demand. The financial data indicates that despite the decreased expenses on a quarterly basis, there is a substantial increase in expenses when viewed year-over-year, which could be indicative of expanded operations or cost inflation over the year.