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Sanghvi Movers Ltd Q2FY24; 28% 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 Q2FY24 of ₹140.00 Crores up from ₹109.00 Crore year on year, a rise of 28.44%.

Total Expenses for Q2FY24 of ₹95.00 Crores up from ₹87.00 Crores year on year, a rise of 9.2%.

Consolidated Net Profit of ₹37.00 Crores up 27.59% from ₹29.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹8.59, up 28.59% from ₹6.68 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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