Sanghvi Movers Limited (NSE: SANGHVIMOV), India’s largest and the world’s third-largest crane rental company, has reported strong financial performance for the quarter and half year ended September 30, 2026. The company recorded consolidated revenue from operations of ₹277 crore in Q2 FY27, registering a 32% increase compared with ₹210 crore in the corresponding quarter of the previous year.
EBITDA increased by 20% to ₹106 crore against ₹88 crore in Q2 FY26, while profit after tax (PAT) grew by 11% to ₹40 crore compared with ₹36 crore in the same period last year. EBITDA margin stood at 36%, while PAT margin was 14%.
For the first half of FY27, revenue from operations increased by 36% to ₹657 crore from ₹483 crore in H1 FY26. EBITDA rose by 25% to ₹245 crore compared with ₹195 crore, while PAT increased by 22% to ₹106 crore against ₹87 crore in the corresponding period. EBITDA margin for the half year stood at 36%, while PAT margin was 15%.The company also reported a significant improvement in its order book. As of October 23, 2026, its secured order book stood at ₹1,582 crore, representing a 26% increase from ₹1,253 crore recorded on July 24, 2026. The growth over the 13-week period was supported by contributions from Sanghvi Movers Limited and Sangreen Future Renewable Private Limited, providing better revenue visibility for the current financial year.
Sanghvi Movers is also evaluating business opportunities in key African markets as part of its international expansion plans. The company is looking at these markets to establish new growth opportunities and expand its presence beyond existing geographies. In the Middle East, geopolitical developments and shipping-related supply chain disruptions have affected planned capital expenditure and may delay crane deployment in Saudi Arabia. The company is managing the situation through phased procurement and by prioritising equipment deployment against contracted orders. Management indicated that fleet utilisation remains above annual targets, suggesting that the impact is largely related to deployment timing.
The company is also implementing digital systems to improve operational efficiency. These include Salesforce for customer relationship management, a Human Resource Management System (HRMS) for workforce management and NEXXS AI for internal automation.
Commenting on the performance, Rishi Sanghvi, Managing Director, Sanghvi Movers Limited, said, “We delivered a strong quarter, with revenue growing 32% YoY to ₹277 crore and a robust EBITDA margin of 36%, reflecting strong execution, operational discipline, and customer focus. Our FY27 order book grew by 26% to ₹1,582 crore as of 23 October 2026, from ₹1,253 crore on 24 July 2026. This provides strong revenue visibility and reinforces our confidence in achieving our annual targets.” He added that high fleet utilisation, disciplined capital allocation, a healthy project pipeline and phased procurement would help the company manage near-term disruptions while continuing to execute its ELEVATE 2030 growth plans.
Sanghvi Movers Limited is India’s largest and the world’s third-largest crane rental company, providing heavy-lift, material handling and project logistics services across renewable energy, infrastructure, power, steel, cement, petrochemicals and construction sectors. The company operates a fleet of more than 500 cranes, including its Saudi Arabia operations, with lifting capacities ranging from 20 MT to 1,600 MT. Its services include crane rental, erection, installation and maintenance. Headquartered in Pune, the company has operations in India and international markets, including Saudi Arabia and Botswana.
