Sanghvi Movers earnings calls.

Sanghvi Movers reported Q3 FY26 revenue of approximately ₹720 croreCurrent reported value: ₹720 crore. No comparable prior figure is available in the source record. with robust order book visibility at ₹1,860 croreCurrent ₹1,860 crore. Reported change: +₹660Cr sequential. (₹1,200 crore executable this year) and an expanded inquiry pipeline of ₹2,900 croreCurrent ₹2,900 crore. Reported change: Expanded significantly.. The company reiterated its ₹1,000+ crore annual revenue guidance, targeting ₹500 crore in Q4. Crane utilization remains stable at 75-80%Current 75-80%. Reported change: Stable., with yields of 2% monthly in India and 3.5%+Current 3.5%+. Reported change: +150bps vs India. in Saudi Arabia. Margins are temporarily impacted due to deliberate investments in Middle East capability building and a favorable revenue mix shift toward lower-margin EPC. Saudi operations (targeting 5% market share in 3-5 years) are expected to break even in 12-14 months. FY26 capex of ₹629 crore is on track with assets delivering into Q4 and FY27. The Elevate 2030 transformation framework positions the company as a multi-country infrastructure services platform. Key risks include wind EPC execution volatility from land/RoS issues, competitive intensity in domestic crane rental, and international execution risks from simultaneous geographic expansion into Saudi Arabia, Qatar, and Botswana.