Latest news with #BEML
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Business Standard
12 minutes ago
- Business
- Business Standard
BEML shares gain 3% on ₹294 crore order win; details here
Shares of BEML Ltd. rose over 3 per cent on Thursday after the company bagged a ₹294 crore order from the Ministry of Defence for HMV 6X6 supply. The construction vehicle maker's stock rose as much as 3.2 per cent during the day to ₹4,423.2 per share. The stock pared gains to trade 0.8 per cent higher at ₹4,322 apiece, compared to a 0.7 per cent decline in Nifty 50 as of 12:15 PM. Shares of the company snapped a six-straight-day days of losing streak and dropped over 10 per cent from their June highs. The counter has risen 6.2 per cent this year, compared to a 6.5 per cent advance in the benchmark Nifty 50. BEML has a total market capitalisation of ₹18,002.71 crore, according to BSE data. BEML's ₹294 crore order win The company secured an order from the Ministry of Defence for the supply of HMV 6x6 vehicles, with a contract value of approximately Rs 293.82 crore, according to an exchange filing on Wednesday. The vehicles will primarily be manufactured at BEML's Palakkad and Mysore plants, with additional production to be undertaken at other divisions based on operational feasibility. Designed to deliver high reliability and versatility, the 6x6 HMVs are built to operate effectively in extreme terrains, diverse climatic conditions and at high altitudes. "This order showcases BEML's expertise and capacity in delivering advanced indigenous products that enhance India's defence infrastructure," said Shantanu Roy, chairman and managing director of BEML. BEML stock split The company said earlier this week that the board of directors has greenlit the proposal for a stock split in the ratio of 1:2. A stock split increases the number of outstanding shares in the market without adjusting the value of an investor's total holdings. BEML financials BEML reported a double-digit surge of 12 per cent in its profit after tax (PAT) to ₹287.5 crore in the fourth quarter of the financial year 2024-2025 (Q4FY25), from ₹256.80 crore reported in the corresponding quarter of the previous fiscal year. Revenue from operations stood at ₹1,652.53 crore in Q4FY25, up by 9.18 per cent from ₹1,513.65 crore reported in Q4FY24. About BEML BEML Limited, formerly known as Bharat Earth Movers Limited, is an Indian public sector undertaking established in May 1964 and headquartered in Bengaluru. The company is a key player in India's infrastructure and defence sectors, manufacturing heavy equipment for mining, construction, defense, and rail & metro applications. It operates through three core business verticals, Defence and Aerospace, Mining and Construction, and Rail and Metro.
Business Standard
an hour ago
- Business
- Business Standard
BEML gains after securing Rs 294-cr defence order
BEML advanced 2.06% to Rs 4,374.20 after the company announced that it had secured an order worth Rs 293.82 crore from the Ministry of Defence for the supply of HMV 6X6 vehicles. According to an exchange filing, the official announcement was made on 23 July 2025, after market hours. BEML is a leading multi-technology 'Schedule A' company under the Ministry of Defence. It operates in three verticals viz. defence & aerospace, mining & construction and rail & metro. As of 30 June 2025, the Government of India held a 53.86% stake in BEML. The companys consolidated net profit jumped 11.97% to Rs 287.55 crore while revenue from operations rose 9.17% to Rs 1,652.53 crore in Q4 March 2025 over Q4 March 2024.
Economic Times
4 hours ago
- Business
- Economic Times
BEML shares in focus after winning Rs 294-crore order from Defence Ministry for HMV 6X6 supply
Shares of state-run 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. ADVERTISEMENT '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. 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. ADVERTISEMENT 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 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. ADVERTISEMENT Headquartered in Bengaluru, BEML is a key manufacturer of earthmoving, rail, transport, and mining of BEML closed at Rs 4,286.10 on the BSE, down Rs 58.70 or 1.35%. ADVERTISEMENT 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. ' (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
4 hours ago
- Business
- Time of India
BEML shares in focus after winning Rs 294-crore order from Defence Ministry for HMV 6X6 supply
Shares of state-run 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. Explore courses from Top Institutes in Please select course: Select a Course Category CXO Others Public Policy Technology Management Digital Marketing healthcare Finance Data Science Product Management Artificial Intelligence MCA Data Science Cybersecurity Degree Design Thinking others PGDM MBA Leadership Healthcare Project Management Operations Management Data Analytics Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Malaysia: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo 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. Live Events 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. ' ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Standard
10 hours ago
- Automotive
- Business Standard
BEML secures ₹293.81 crore defence order for 150 high mobility vehicles
BEML Limited, a Schedule 'A' public sector enterprise under the Ministry of Defence, on Wednesday said it has received an order worth Rs 293.81 crore from the Ministry of Defence for the supply of 150 indigenously designed high mobility vehicles (HMVs) 6x6. The vehicles will primarily be manufactured at BEML's Palakkad and Mysore plants, with additional production to be undertaken at other divisions based on operational feasibility, the PSU said in a statement. Designed to deliver high reliability and versatility, the 6x6 HMVs are built to operate effectively in extreme terrains, diverse climatic conditions and at high altitudes, it explained. Key features of the HMVs include an independent suspension system, a high-power air-cooled engine, a central tyre inflation system, an anti-lock braking system, and a backbone tube chassis design ensuring superior mobility, stability, and operational safety. "This order showcases BEML's expertise and capacity in delivering advanced indigenous products that enhances India's defence infrastructure," said Shantanu Roy, Chairman and Managing Director of BEML Ltd. "It also reinforces our ongoing support for the Government of India's Make in India initiative and our mission to empower the nation's armed forces with high quality, indigenously developed solutions," he added. The HMVs are expected to play a key role in general operations, delivering essential services and logistical support to some of the most remote and inaccessible areas in the country. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
