Sanghvi Movers Ltd Share Price – NSE  / BSE

Miscellaneous, Small Cap

The company has incorporated subsidiary in Kingodm of Saudi Arabia to provide construction equipment and allied services and to cater to the increasing market base/business in Kingdom of Saudi Arabia.

The company shall subscribe to the share capital of SAR 375,000 in Sanghvi Movers Middle East, a wholly owned subsidiary company.

Sanghvi Movers is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector and has a fleet of medium-to large-size hydraulic truck mounted telescopic and lattice boom cranes and crawler cranes with lifting capacity ranging from 20 tons to 1600 tons.

The company’s consolidated net profit declined 21.7% to Rs 29.12 crore in Q2 FY25 as compared with Rs 37.20 crore in Q2 FY24. Net sales jumped 11.5% YoY to Rs 156.13 crore in Q2 FY25.

The scrip declined 2.22% to end at Rs 314.45 on Wednesday, 18 December 2024.

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Net profit of Sanghvi Movers declined 21.72% to Rs 29.12 crore in the quarter ended September 2024 as against Rs 37.20 crore during the previous quarter ended September 2023. Sales rose 11.54% to Rs 156.13 crore in the quarter ended September 2024 as against Rs 139.98 crore during the previous quarter ended September 2023.

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Sanghvi Movers will hold a meeting of the Board of Directors of the Company on 14 November 2024.

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Sanghvi Movers announced that the Annual General Meeting (AGM) of the company will be held on 3 September 2024.

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