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Sanghvi Movers Ltd Q1FY24; 200% rise in Profits

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 800 tons.

Financial Results:

Sanghvi Movers Ltd reported Revenues for Q1FY24 of ₹146.00 Crores up from ₹97.00 Crore year on year, a rise of 50.52%.

Total Expenses for Q1FY24 of ₹96.00 Crores up from ₹81.00 Crores year on year, a rise of 18.52%.

Consolidated Net Profit of ₹42.00 Crores up 200.0% from ₹14.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹9.64, up 187.76% from ₹3.35 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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