SANGHVI MOVERS LTD.: Business Outlook is Week

 https://youtu.be/TLcT4x1dJ5I?si=m8QRAJ6XsWml4n-f


  • SANGHVI MOVERS LTD.: Business Outlook is Week
  • For the first quarter of current financial year 2024-25, the financial performance of the company has affected on account of reduction in capacity utilization and consequent reduction in the blended average yield primarily on account of better than predicted monsoon & slowdown due to general elections. 
  • The management expects similar kind of business outlook and subdue financial performance of the company in Q2 FY 25 and expect further drop in CU (below 75%) and average blended yield (below 2%). 
  • Company have better visibility of crane deployment post monsoon i.e. H2FY 25 and have healthy pipeline and serious enquires from its key customers. 
  • Expect business volume, CU and Yield to pick up in H2FY and CU and Yield is expected to cross beyond 80% and 2% respectively in H2FY25. 
  • Inview of the above, the management have cautiously reviewed its Capex decision and differed some of its capex in H2 FY 25. 
  • Based on the visibility market dynamics, competitive landscape, the management may do additional capex between Rs. 125 to Rs. 140 Crores in current financial year over and above the capex which is already completed in Q1FY25. 
  • In short, the estimated capex for FY 25 would be around Rs. 180 to Rs. 200 Crores and the delivery of the cranes may happen in the fag-end of Q3FY 25 or in the 1st month of Q4 FY 25.

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