Sanghvi Movers Limited — Investor Meet, 07-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Sanghvi Movers reported strong Q1 FY27 revenue of Rs. 380 Cr (+39% YoY) and PAT of Rs. 65 Cr (+30% YoY). EBITDA margin was 35%, down sequentially due to higher ECL provisions, one-time employee incentives, and a revenue mix shift towards lower-capital-intensive services, which are accretive to ROCE. Underlying core margins are seen as structurally intact.

The company secured a robust order book of Rs. 1,250 Cr with an inquiry pipeline of Rs. 5,600 Cr, ensuring strong revenue visibility. Management is positive on both India's demand and Middle East expansion, where operations are cumulatively EBITDA positive with higher yields. FY27 CAPEX of Rs. 652 Cr is mostly revenue-generating, targeting 15% revenue growth. Management's tone conveyed confidence in growth and strategic execution.