Latest news with #BEMLLimited
Economic Times
27-05-2025
- Business
- Economic Times
BEML shares soar 22% in three days as Q4 earnings impress the D-Street
Shares of state-owned BEML Ltd have rallied 22% over the past three trading sessions, to a high of Rs 4,437.95, hit today, buoyed by its Q4 results that impressed the Street. The mining and heavy equipment manufacturer reported an 11.9% year-on-year rise in consolidated profit to Rs 287.55 crore for the quarter ended March 31, 2025. ADVERTISEMENT This is compared to Rs 256.80 crore in the same quarter last year. The company's revenue for the January–March quarter also saw an uptick, climbing to Rs 1,656.36 crore from Rs 1,518.25 crore a year ago. The market responded positively to this consistent operational performance, propelling the stock sharply higher. For the full financial year, BEML posted a marginal rise in profit to Rs 292.52 crore, up from Rs 281.77 crore in FY24. However, annual revenue declined slightly to Rs 4,045.95 crore from Rs 4,096.56 crore in the previous fiscal. BEML Limited, formerly known as Bharat Earth Movers Limited, is a public sector undertaking (PSU) that specialises in the manufacturing of heavy equipment for mining, construction, defence, and rail/metro sectors. Also read: Olectra Greentech shares tank 13% as Maha gov reportedly cancels big e-bus order ADVERTISEMENT Over the past one year, the stock of BEML has declined by 6.02%. However, on a year-to-date (YTD) basis, it is up 4.87%, and the six-month return stands at 3.19%. The stock has shown strong momentum in the short term, gaining 68.23% over the last three months and 41.68% in the past one month. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
23-05-2025
- Business
- Business Standard
BEML Q4 net profit rises 12% to ₹287.55 crore, revenue up 9% YoY
BEML Limited, formerly Bharat Earth Movers Limited, reported an 11.97 per cent year-on-year (YoY) increase in profit after tax to ₹287.55 crore for the fourth quarter of financial year 2024–25. The company had posted a profit of ₹256.80 crore in the same quarter last year. The public sector undertaking's (PSU's) revenue from operations rose 9.18 per cent YoY to ₹1,652.53 crore in Q4 FY25, compared to ₹1,513.65 crore in Q4 FY24. Total income for the quarter stood at ₹1,656.67 crore, up 9 per cent from ₹1,518.52 crore in the corresponding period a year ago. In an exchange filing, BEML disclosed that it has advanced ₹73.76 crore to the MAMC consortium—formed with Coal India Ltd (CIL) and Damodar Valley Corporation (DVC)—for acquiring specified assets of Mining & Allied Machinery Corporation Ltd (MAMC), which is under liquidation. BEML holds a 48 per cent stake in the consortium. Additionally, a subsidiary, MAMC Industries Ltd, was incorporated for the intended joint venture, to which BEML has advanced ₹605.38 crore. Investment in Section 8 company BEML also reported an investment in System Testing and Research for Advanced Materials Foundations, incorporated as a Section 8 Company under the Companies Act, 2013, on 18 September 2024. The group invested ₹61.25 lakh, representing 61,250 equity shares of ₹100 each. Of these, 20,000 shares have been allotted to BEML. The remaining 41,250 shares, pending allotment, have been recorded as other non-current financial assets in the company's books.
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Business Standard
12-05-2025
- Business
- Business Standard
Why are investors buying BEML shares today? Stock rises 5% in trade
BEML share price: Shares of BEML gained 4.9 per cent, logging an intraday high at ₹3,210.95 per share on BSE. The stock gained after the company acquired land parcels in Chhattisgarh and Bhopal. At 12:52 AM, BEML shares were trading 4.08 per cent higher at ₹3,183.5 per share on the BSE. In comparison, the BSE Sensex was up 3.13 per cent at 81,944.91. The market capitalisation of the company stood at ₹13,257.53 crore. The 52-week high of the stock was at ₹5,489.15 per share and the 52-week low of the stock was at ₹2,346.35 per share. BEML land acquisition updates: On Sunday, the government of Madhya Pradesh approved the allotment of 60.063 hectares (approximately 148 acres) of land to BEML. The land is located in Umeria, Raisen district, and has been allotted for setting up a construction facility to manufacture rolling stock/coaches for railway and metro projects in the state. On Friday, Chhattisgarh cabinet approved the allotment of 100 acres of land in the Janjgir-Champa district to the Company at Re. 1 per acre for setting up a state-of-the-art Heavy Earth Moving Equipment manufacturing plant in the state. BEML dividend record date The company on Friday fixed May 15, 2025 as the record date for its dividend of ₹15 per equity share of ₹10 each (i.e. 150 per centof paid up share capital) for the Financial year 2024-25. "In this connection, the company had fixed the Record date as 15.05.2025 for the payment of the said 2nd interim dividend to the eligible equity shareholders as on the record date," the filing read. ALSO READ | About BEML BEML Limited is a multi-technology company under the Ministry of Defence, plays a pivotal role in serving India's core sectors like Defence, Rail, Power, Mining and Construction by offering world class products. BEML operates in three verticals viz. Defence and Aerospace, Mining & Construction and Rail & Metro and has state-of-the-art manufacturing facilities located at Bangalore, Kolar Gold Fields (KGF), Mysore, Palakkad.
Business Upturn
11-05-2025
- Business
- Business Upturn
BEML secures 148 acres of land in Raisen for new rail coach manufacturing facility
By Aman Shukla Published on May 11, 2025, 12:46 IST BEML Limited, a leading public sector company under the Ministry of Defence, has received approval from the Government of Madhya Pradesh for the allotment of 60.063 hectares (approximately 148 acres) of land in Umeria, Raisen district. This strategic move aims to strengthen BEML's manufacturing capabilities for railway and metro rolling stock. The newly allotted land will be used to set up a state-of-the-art construction facility dedicated to producing coaches and rolling stock for metro and railway projects. The facility is expected to enhance BEML's production capacity and support the government's 'Make in India' initiative by boosting local manufacturing and creating employment opportunities in the region. In the excahgen filing, the company shared, 'The Government of Madhya Pradesh has approved the allotment of 60.063 hectares (approximately 148 acres) of land to the Company. The land is located in Umeria, Raisen district, and has been allotted for setting up a construction facility to manufacture rolling stock / coaches for railway and metro projects in the state.' Located near key transportation corridors, the Umeria site offers logistical advantages for the distribution of rail products across India. The move aligns with BEML's growth strategy to meet the increasing demand for metro and railway coaches in both domestic and international markets. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
09-05-2025
- Business
- Business Upturn
BEML board declares second interim dividend of Rs 15 per share for FY25
By Aman Shukla Published on May 9, 2025, 12:21 IST BEML Limited announced the declaration of a second interim dividend of ₹15 per equity share for the financial year 2024–25. The decision was made during the company's 411th Board of Directors meeting held on May 9, 2025. The dividend represents 150% of the face value of each equity share, which is ₹10. The company has set May 15, 2025, as the record date to determine the eligibility of shareholders for receiving the interim dividend. In the exchange filing, the company stated, 'The Board of Directors of the Company in its 411th meeting held on 09.05.2025, inter-alia, has declared 2 nd Interim Dividend of Rs. 15/- per equity share of Rs.10/- each (i.e. 150% of paid up share capital) for the Financial year 2024-25.' The board meeting commenced at 11:02 AM and concluded at 12:05 PM on the same day. This dividend payout is part of BEML's ongoing financial strategy for the fiscal year and will be credited to eligible shareholders based on the record date. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
