Sanghvi Movers Limited — Important, 14-11-2024: General Updates

**Financial Highlights:** Sanghvi Movers Limited reported a total turnover of Rs. 335 Cr for H1 FY 2025, with a profit after tax (PAT) of Rs. 70 Cr. Capacity utilization averaged 73%, while the average blended yield per month stood at 2.09%.

**Strategic Initiatives and Growth Drivers:** The company is focusing on geographic expansion of its crane business and has proposed the formation of a new company in the Gulf Cooperation Council (GCC). Additionally, it plans to spin off its Renewable/Wind EPC business into a separate entity to sharpen focus on core operations.

**Business Developments:** The order book as of October 31, 2024, totals Rs. 898 Cr, including significant segments in Wind EPC and crane rentals. Management anticipates executing Rs. 337 Cr in orders during H2 FY 2025, demonstrating solid demand despite recent operational delays.

**Market Position and Competitive Advantage:** Sanghvi continues to be a leading player, positioned as the world's fourth largest in the crane rental service sector. Its strong order book reflects resilience and an advantageous position for future contract execution.

**Investor Implications:** The company's proactive expansions and solid financial metrics indicate a positive outlook, making it a candidate for attention among retail investors focusing on growth opportunities in the infrastructure space.