Sanghvi Movers (SGM) 2QFY17 financial performance was impacted by the seasonal spillover of de-hiring of cranes getting pushed to 2QFY17, which resulted in net revenues/EBITDA being ~24/29% below estimates. Crane utilisations fell to ~66% (~79% in 1QFY17) while gross block yields remained stable at ~2.77% (~2.80% in 1QFY17).