News Summary

• Sanghvi Movers Ltd (BOM:530073) achieved a significant year-on-year topline growth of 65% in Q1 2026.
• The company is expanding its geographical footprint with successful market entry into Saudi Arabia, securing its first order through its wholly-owned subsidiary.
• The Saudi market presents a lucrative opportunity with over $500 billion in construction projects.
• The yield in Saudi Arabia is better than in India, which is at 2.11%, but operational costs are higher, affecting margins.