Industrials
Sanghvi Movers Limited (sanghvimov) Announces Q1 FY27 Results: Revenue Up 39% Yoy
Sanghvi Movers Limited (SANGHVIMOV) reports Q1 FY27 revenue of ₹380 Cr, a 39% YoY increase, with strong EBITDA and PAT growth.
Sanghvi Movers Limited (SANGHVIMOV), the world’s third largest and India’s largest crane rental company, announced its financial performance for the first quarter ended June 30, 2026. The company reported a robust 39% year-on-year growth in revenue from operations, reaching ₹380 crore for Q1 FY27 compared to ₹273 crore in Q1 FY26.
Financial Highlights
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹139 crore for Q1 FY27, up by 30% year-on-year from ₹107 crore in Q1 FY26. The profit after tax (PAT) for the same period was ₹65 crore, marking a 30% increase from ₹50 crore in Q1 FY26. The EBITDA margin and PAT margin were 37% and 17% respectively.
Key Business Developments
Sanghvi Movers Limited secured an order book of ₹1,253 crore as on July 24, 2026, reflecting a 19% increase from ₹1,053 crore on May 14, 2026. The company achieved successful commissioning of all Botswana cranes on schedule and repatriated $1.1 million to India. Additionally, the company delivered cumulative EBITDA-positive performance across its KSA operations.
Commenting on the Q1 FY27 performance, Mr. Rishi Sanghvi, Managing Director, Sanghvi Movers Limited, said, “FY26 marked a pivotal year in Sanghvi Movers’ transformation journey, driven by strong execution in the core crane rental business and expansion into new growth avenues. We successfully operationalized our Middle East business, strengthened renewable energy execution capabilities, and advanced key initiatives under our Elevate 2030 vision.”
As the company continues its Elevate 2030 journey, it remains well-positioned to deliver sustainable growth and create long-term shareholder value, supported by a healthy order book, disciplined capital allocation, and operational excellence.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Sanghvi Movers Limited
Sanghvi Movers Limited belongs to the Industrials › Rental & Leasing Services sector. Here’s a quick read on where the business and the stock stand today.
Sanghvi gains 35.6% over three months and trades near its 52-week highs. Revenue grows at 32.9% and profits at 18.0% CAGR. Both numbers are exceptional. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. The stock gives back 1.0% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. The stock rises 35.6% in three months on 32.9% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Sanghvi Movers Limited.
Industrials
Oswal Pumps Limited Secures ₹235.92 Crore Order for 10,000 Solar Pumps from Msedcl
Oswal Pumps Limited (OSWALPUMPS) secures a ₹235.92 crore order for 10,000 solar pumps from Maharashtra State Electricity Distribution Company Limited.
Oswal Pumps Limited (NSE: OSWALPUMPS) is pleased to announce securing a significant order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the PM-KUSUM B Scheme “Magel Tyala Saur Krishi Pump” Yojana. The order entails the supply and installation of 10,000 Off-Grid Solar Photovoltaic Water Pumping Systems, valued at approximately ₹235.92 crore inclusive of GST. This substantial order underscores Oswal Pumps’ commitment to sustainable agricultural infrastructure and reinforces its partnership with MSEDCL.
Key Details of the Order
The order includes the design, manufacture, supply, transport, installation, testing, and commissioning of solar photovoltaic water pumping systems with capacities of 3HP, 5HP, and 7.5HP. The systems will be installed at identified farmer’s sites in Maharashtra, complete with a 5-year warranty, repair, maintenance, and a remote monitoring system. The installation must be completed within 60 days from the issuance of the Notice to Proceed (NTP) or Work Order.
Company’s Response
Commenting on the order, Mr. Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, stated, “The receipt of this additional order for 10,000 pumps from MSEDCL marks a significant milestone for Oswal Pumps and reaffirms the confidence our institutional partners continue to place in our capabilities. We remain committed to timely execution, product reliability, and enabling the large-scale adoption of solar-powered irrigation solutions across the country.”
As a vertically integrated solar pump manufacturer, Oswal Pumps has a legacy of over two decades in pump engineering and manufacturing. The company offers turnkey solar pumping systems and has a strong presence across solar-powered and grid-connected submersible and monoblock pumps, electric motors, and solar modules, all marketed under the trusted ‘Oswal’ brand.
With ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certifications, Oswal Pumps is listed under the Ministry of New and Renewable Energy’s Approved List of Models and Manufacturers (ALMM). The company continues to cater to diverse requirements of end-users in the agricultural, residential, and industrial sectors with a strong pan-India distribution network and an expanding international footprint.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Oswal Pumps Limited
Oswal Pumps Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.
Oswal drops 37.7% over three months and trades near its 52-week lows. The PEG of 0.07 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Revenue grows at 76.7% and profits at 122.4% CAGR. Both numbers are exceptional. RSI stands at 27, well into oversold territory. Yet sellers still dominated on 19 of recent sessions versus 11 for buyers, so the pressure has not fully lifted. Revenue grows at 76.7% and profits at 122.4% CAGR, with D/E of 0.00. Meanwhile, the stock dips 37.7% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Oswal Pumps Limited.
AARON
Aaron Industries Limited (nse:aaron) Q2fy27: Revenue Up 21.93%, PAT Margin Rises 464 Bps
Aaron Industries Limited (NSE:AARON) reports Q2FY27 results with revenue up 21.93% and PAT margin rising 464 bps.
Aaron Industries Limited (NSE:AARON) has announced its Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026. The company continued its growth momentum during the quarter, registering healthy growth in revenue and profitability, supported by contributions from both its Elevator Division and Stainless Steel Polishing Division.
Key Financial Highlights
Revenue from operations increased by 21.93% in Q2FY27 and 24.29% in H1FY27 on a year-on-year basis. EBITDA and profitability have improved, reflecting the progress being made in strengthening operational performance. The Elevator Division expanded its business across various elevator components, while the Stainless Steel Polishing Division recorded particularly encouraging growth during the first half of the year.
Management Commentary
The management expressed satisfaction with the company’s strong performance during the second quarter and the first half of FY27. They highlighted the importance of integrated manufacturing capabilities and a diversified product portfolio. The company remains focused on improving capacity utilization, strengthening its distribution network, expanding its customer base, and enhancing product offerings.
With investments in manufacturing infrastructure and capacity expansion, Aaron Industries Limited aims to leverage its installed capacities and improve operational efficiencies. The company remains confident about long-term growth opportunities in the elevator industry and the stainless steel processing segment.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Aaron Industries Limited
Aaron Industries Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Aaron trades in the lower quarter of its 52-week range. Thin margins at 8.5% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue grows at 30.0% and profits at 29.0% CAGR. Both numbers are exceptional. The stock sits at 16% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 30.0% and profits at 29.0% CAGR — a genuinely strong business. Nevertheless, the stock drops 7.2% in three months. The market sells the stock, not the story. Watch whether that changes at the next earnings. Check Fundamentals of Aaron Industries Limited.
BLUESTARCO
Blue Star Limited (bluestarco) Q2fy27 & H1fy27 Consolidated Results: Revenue Up 21%, Profit Before Tax Down 1.6%
Blue Star Limited (BLUESTARCO) reports consolidated results for Q2FY27, with revenue up 21% and profit before tax down 1.6%.
Blue Star Limited (BLUESTARCO) has announced consolidated results for the quarter ended 30 September 2026 and the first half of FY27. The company reported a revenue of ₹2,930.95 crore for Q2FY27, marking a 21% increase compared to ₹2,422.37 crore in Q2FY26. However, profit before tax dipped by 1.6% to ₹134.28 crore from ₹132.16 crore in the same quarter of the previous year.
Segment Overview
The Electro-Mechanical Projects and Commercial Air Conditioning Systems segment recorded revenue of ₹1,935.99 crore, up 16.3% from ₹1,664.21 crore in Q2FY26. Despite robust revenue growth in the product business, the segment result declined by 9.5% due to execution delays and margin pressure from material cost escalations. The Unitary Products segment saw a revenue increase of 29.4% to ₹897.66 crore, driven by strong demand for Room ACs, although margins were under pressure due to cost escalations. The Professional Equipment & Industrial Solutions segment revenue grew significantly by 274.4% to ₹97.30 crore, aided by the sale of the MedTech business and steady demand from the manufacturing and testing sectors.
Half-Year Financial Highlights
For H1FY27, Blue Star Limited reported consolidated revenue of ₹6,308.87 crore, up 16.7% from ₹5,404.62 crore in H1FY26. Profit before tax was ₹259.70 crore, a 12.1% decrease from ₹295.40 crore in H1FY26. The company’s carried-forward order book stood at ₹7,229.22 crore, up 1.5% from ₹7,120.44 crore as of 30 September 2026.
Blue Star Limited continues to focus on environmentally responsible operations, social responsibility, and governance excellence, with initiatives such as IGBC-certified offices, sustainable manufacturing practices, and a commitment to diversity and inclusion.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Blue Star Limited
Blue Star Limited belongs to the Industrials › Building Products & Equipment sector. Here’s a quick read on where the business and the stock stand today.
Blue trades in the lower quarter of its 52-week range. The PEG stands at 6.59 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock gains 4.2% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 15.8% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Blue Star Limited.
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