Sanghvi Movers Limited — Important, 13-02-2025: General Updates

Total turnover for Sanghvi Movers Limited reached ₹549 Crores for the nine-month period ended December 31, 2024, with a profit after tax (PAT) of ₹103 Crores, reflecting robust operational performance. The average capacity utilization stood at 72%, supporting revenue growth in crane rentals and EPC projects. The net debt is reported at ₹325 Crores with a healthy debt-to-equity ratio of 0.30:1, indicating solid financial stability.

Strategic initiatives include continued investments in expanding crane capacity, with an estimated ₹150 Crores planned for Q4 FY25 to purchase 34 new cranes backed by long-term orders. The order book totals ₹995 Crores, with ₹300 Crores slated for execution in Q4 FY25, enhancing the company’s growth prospects.

The business developments indicate strong momentum and market positioning in the crane rental segment, coupled with successful project execution in wind and other EPC services. Overall, maintain a positive outlook, as the company is well-positioned for sustainable growth amidst increasing order inflow and operational efficiency.