• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

BL Research Bureau

The second quarter numbers of Sanghvi Movers, an established player in the business of renting out cranes, appear in line with market expectations.

The company has registered a top-line growth of 67 per cent and net profit growth of 72 per cent in the September quarter as compared to the corresponding quarter last year.

On a sequential basis, its revenues grew by 21 per cent and profits by 27 per cent.

It is noteworthy that despite a challenging macro scenario, Sanghvi has managed to grow without compromising on it margins.

Its operating profit margins, on the contrary, have expanded by over 200 basis points to about 76.9 per cent.

Moderation in direct costs and healthy utilisation of cranes (at about 85 per cent) may have helped the company maintain its margins.

Net profit margins too surged by 87 basis points to over 30 per cent.

The company has so far added 41 cranes in this financial year for a capex of Rs 171 crore.

It further proposes to do a capex of Rs 85 crore to add to its crane capacity.

More Stories on : Stocks | Engineering

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line