• Order book pipeline: Sanghvi Movers entered the financial year with an order book of 1,053 crore executable within the year and an inquiry pipeline nearly four times that size.
• FY27 capex plan: The company plans to deploy 510 crore in total capex—including 120 crore of spillover from last year—split equally between the core Indian crane rental business and expansion across Saudi Arabia and Qatar.
• EBITDA margin dynamics: Blended EBITDA margins contracted due to higher revenue contributions from the lower-margin, 75% ROCE renewable EPC arm, while the core crane rental business sustained margins of around 53%.
• Capacity utilization outlook: Management expects capacity utilization to remain above 80% in FY27 following 79% in FY26, bolstered by over 85% utilization across GCC operations.
• Middle East expansion: Despite regional tensions, the company is allocating 320 crore in capex to acquire new equipment for the Middle East, backed by a $50 million inquiry pipeline over the next 24 months.