Beml Results

BEML Q2 result: Profit falls slightly by 1.9% to Rs 51 cr as demand weakens

India's BEML reported a 1.5% fall in its second-quarter profit on Monday, hurt by lower demand for its heavy machinery and equipment as manufacturing activity dipped.

BEML Q1 results: Net loss narrows to Rs 70 cr, income rises to Rs 631 cr

Defence PSU BEML on Monday reported a narrowing of its consolidated net loss to Rs 70.47 crore for the quarter ended on June 30, 2024. The company had posted a consolidated net loss of Rs 75.01 crore in the year-ago period, BEML said in a filing to BSE. The consolidated income of the company during the April-June period rose to Rs 634.61 crore over Rs 5,78.11 crore in the corresponding quarter of the previous fiscal, the filing said. BEML Ltd is a diversified company supplying products, services and support to defence and aerospace, mining and construction and rail and metro.

This PSU stock has surged 25% in 4 days; zoomed 107% in 6 months

In past nine trading days, the stock price of BEML has rallied 45 per cent.

BEML Q4 profit drops by 15.4% to Rs 133 cr; revenue drops to Rs 1,683 cr

State-owned BEML on Friday posted 15.4 per cent decline in consolidated net profit at Rs 133.42 crore for the quarter ended March 31, 2022. The company had logged a profit of Rs 157.81 crore in the year-ago period, BEML said in a filing to BSE. Revenue from operations during the quarter under review dropped to Rs 1,683.58 crore from Rs 1,805.74 crore in the year-ago period, the filing said. BEML Ltd, formerly Bharat Earth Movers Ltd, was established in May 1964 as a public sector undertaking for manufacture of rail coaches and spare parts and mining equipment at its Bangalore Complex. The company has partially disinvested, and presently the Centre owns 54 per cent of total equity, rest 46 per cent is held by public, financial institutions, foreign institutional investors, banks and employees. BEML serves the country's core sectors like defence, rail, power, mining and infrastructure.

Strong metro rail order book, indigenisation initiatives bode well for BEML

New project wins and other segments will strengthen the already strong revenue visibility of three and a half years

Higher defence spending revs Q4 show of BEML, BEL

When some of the larger state-run firms such as Coal India and Bharat Heavy Electricals lagged Street expectations, relatively smaller BEML's numbers were ahead of the estimates.Its March quarter results (announced after market hours on Tuesday) broke three quarters of decline in revenues. The Street cheered and the stock gained 4.5 per cent on Wednesday. Revenue for the quarter (fourth or Q4 of 2016-17) rose by 18 per cent to Rs 1,346 crore. Net profit grew 26 per cent to Rs 186 crore. While segmental results are awaited, analysts believe much of the performance could be attributed to an improvement in the defence sector. Some believe its contribution to overall revenue would have increased from Rs 330 crore in FY16 to Rs 800-900 crore in FY17. "This is a major positive and reiterates that BEML is on the right track to reducing its dependence on the coal sector and strengthening its product base," says an analyst from a domestic brokerage. BEML aspires to increase the share of ...