BEML shares in focus after winning Rs 294-crore order from Defence Ministry for HMV 6X6 supply
BEML
will be in focus on Thursday after the company announced it had secured an order worth approximately Rs 293.82 crore from the Ministry of Defence for the supply of
High Mobility Vehicles
(HMV) 6x6.
'BEML Limited has bagged an order from the Ministry of Defence for the supply of HMV 6X6 with a contract value of Rs 293.82 crore approximately,' the company said in a stock exchange filing.
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In June, BEML also signed three licensing agreements with the Defence Research and Development Organisation's (DRDO) Vehicle Research and Development Establishment (VRDE) to manufacture advanced mobility and support systems for the Indian Army's Armoured Corps.
Under the agreements, BEML will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for the MBT Arjun tank, as well as a full trailer for a 70-tonne tank transporter equipped with an advanced hydraulic suspension system.
'This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through next-generation, indigenous solutions, aligned with the Government of India's Aatmanirbhar Bharat vision,' BEML said in a statement.
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BEML Q4 earnings
For the quarter ended March 31, 2025, BEML posted a net profit of Rs 287.5 crore, up 12% from Rs 257 crore in the same quarter last year. Revenue rose 9.1% year-on-year to Rs 1,652.5 crore, driven by strong performance across business segments.
EBITDA increased 13.9% to Rs 422.6 crore, while operating margins improved to 25.57% from 24.5% a year earlier, reflecting better cost efficiency.
Headquartered in Bengaluru, BEML is a key manufacturer of earthmoving, rail, transport, and mining equipment.
Shares of BEML closed at Rs 4,286.10 on the BSE, down Rs 58.70 or 1.35%.
BEML share price target
According to Trendlyne, the average target price for BEML is Rs 4,129, suggesting a potential downside of around 4% from current levels. Of the two analysts tracking the stock, the consensus rating is 'Buy. '
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