- Opening Hook
So, cranes are back in vogue—and Sanghvi Movers’ are apparently working harder than Mumbai traffic lights during monsoon. The company’s cranes didn’t just move steel; they moved numbers too, hoisting 35% YoY revenue growth. Yet, the CFO claims it’s not leverage, just physics and timing. Between capex biceps of ₹629 crore and cranes sweating it out in Saudi Arabia, the story’s got more metal than a TMT bar ad. Stick around—because by the time you finish reading, you’ll either want to buy a crane or short a competitor. This gets juicy, fast.
- At a Glance
- Revenue up 35% YoY: CFO swears it’s demand, not accounting aerobics.
- EBITDA ₹88 crore (+9% YoY): Margins steady at 42%, like a well-balanced boom arm.
- PAT ₹36 crore (+24% YoY): Profits quietly flexing under all that steel weight.
- Capex ₹140 crore H1: Because cranes need friends.
- Net Debt ₹440 crore: Modest leverage; bankers still smiling.
- Utilization 70%: Monsoon stole 10%; cranes taking forced chai breaks.
- Order Book ₹1,239 crore: Enough to keep the engines humming till FY27.
- Management’s Key Commentary
“Revenue grew 35% YoY driven by demand in infra and renewables.”
(Translation: India’s cranes have more work than influencers with tripods.)
“EBITDA margin stood at 42%.”
(Read: We lift profit margins better than most companies lift morale.)
“Capex of ₹629 crore approved, with ₹405 crore for India and ₹224 crore for Saudi.”
(So basically, cranes are getting passports now. ✈️)
“Saudi crane market is worth $800M–$1B, and we’re already 100% utilized.”
(In Saudi, cranes work overtime. Fridays are for lifting too.)
“Elevate 2030 is our roadmap for global diversification.”
(Consultants must have had a field day naming this.)
“Margins in Saudi are on par with India due to higher costs.”
(Read: What Saudi gives in price, it takes in paperwork.)
“We’ve deployed ₹192 crore in debt funds
