Sanghvi Movers Ltd's Q3FY25 Quarter Results
Sanghvi Movers Ltd's revenue increased 23.8% YoY
- 14 Feb 2025
Result Summary
- Sanghvi Movers Ltd reported a 30.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 23.8%.
- Its expenses for the quarter were up by 38.1% QoQ and 86.2% YoY.
- The net profit increased 13.6% QoQ and decreased 46.0% YoY.
- The earnings per share (EPS) of Sanghvi Movers Ltd stood at 3.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 214.22 | 164.26 | 173.00 | 30.4% | 23.8% |
Total Expenses | 169.38 | 122.61 | 90.99 | 38.1% | 86.2% |
Profit Before Tax | 44.83 | 41.64 | 82.01 | 7.7% | -45.3% |
Tax | 11.76 | 12.52 | 20.74 | -6.1% | -43.3% |
Profit After Tax | 33.08 | 29.12 | 61.28 | 13.6% | -46.0% |
Earnings Per Share | 3.80 | 3.40 | 14.20 | 11.8% | -73.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
## Company Overview
Sanghvi Movers Ltd is a prominent player in the crane rental industry, primarily engaged in providing hydraulic and crawler cranes for various industrial sectors. The company caters to industries such as power, steel, cement, and infrastructure, supporting projects with its fleet of heavy-duty lifting equipment. As of the latest available information, Sanghvi Movers Ltd has been actively involved in supporting infrastructure development in India. However, specific recent major developments concerning the company are not available in the provided data.
## Revenue
During Q3FY25, Sanghvi Movers Ltd reported a total income of ₹214.22 crores, marking a significant increase from ₹164.26 crores in Q2FY25 and ₹173.00 crores in Q3FY24. This reflects a quarter-over-quarter (QoQ) growth of 30.4% and a year-over-year (YoY) growth of 23.8%. The substantial rise in total income suggests robust revenue generation during the quarter, aligning with the company's operational focus on providing crane rental services to its industrial clientele.
## Profitability
For Q3FY25, the company recorded a profit before tax of ₹44.83 crores, which shows a 7.7% increase from the previous quarter's ₹41.64 crores but a decrease from ₹82.01 crores in the same quarter of the previous year, indicating a YoY decline of 45.3%. The tax expense for Q3FY25 stood at ₹11.76 crores, slightly lower than the previous quarter and significantly down from ₹20.74 crores in Q3FY24, representing a YoY reduction of 43.3%. Consequently, the profit after tax for Q3FY25 was ₹33.08 crores, up by 13.6% from Q2FY25 but down by 46.0% YoY from Q3FY24. The earnings per share for Q3FY25 was ₹3.80, which increased by 11.8% QoQ but fell substantially by 73.2% YoY from ₹14.20 in Q3FY24.
## Operating Metrics
The total expenses for Sanghvi Movers Ltd in Q3FY25 amounted to ₹169.38 crores, up 38.1% QoQ from ₹122.61 crores in Q2FY25 and a significant rise of 86.2% YoY from ₹90.99 crores in Q3FY24. The increase in expenses could be indicative of operational changes or increased business activities during the quarter. Despite the rise in expenses, the company managed to maintain a positive profit margin, though the YoY decrease in profit metrics suggests additional factors influencing profitability. The earnings per share, while improved from the previous quarter, has seen a notable decline from the same period last year, reflecting the overall impact on profitability metrics.
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