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

**Consolidated Financial Summary for Sanghvi Movers Limited**

Sanghvi Movers Limited’s financial performance for the quarter ending December 31, 2024, reveals a strong revenue of ₹20,795.77 crore, showing a significant year-over-year growth of 24.52% compared to ₹16,703.71 crore in the same quarter last year. This growth can be attributed to increased demand and strategic market expansion initiatives, particularly in the crane hiring and Wind EPC segments.

Net profit for the quarter stood at ₹3,307.79 crore, a 54.55% decrease from ₹6,127.58 crore in the corresponding quarter last year. The Earnings Per Share (EPS) also reflected this decline, reported at ₹3.82, down from ₹7.08. Contributing factors to this profitability decline could include increased operational costs and higher depreciation expenses.

Operational costs surged by 70.57% from ₹9,098.49 crore to ₹16,963.43 crore year-over-year, driven primarily by rising employee benefit expenses and other operational expenditures related to expansion efforts.

The balance sheet indicates a stable financial position with no reported defaults on obligations, demonstrating effective cash flow management. However, the company should remain vigilant regarding its debt levels, especially with the current fluctuation in operational profitability.

Looking ahead, the company seems focused on controlling costs while capitalizing on future expansion opportunities in the renewable energy sector and its core crane hiring operations. Overall market sentiment remains cautiously optimistic. Given the current performance trends and strategic initiatives, a hold position is advised as the company navigates operational challenges while exploring growth avenues.