Latest news with #MAMC
&w=3840&q=100)
Business Standard
26-05-2025
- Business
- Business Standard
BEML shares zoom 11% in trade after posting healthy Q4 results; Details
BEML share price zoomed 10.8 per cent in trade on Monday, May 26, 2025, logging an intraday high at ₹4,117.70 per share on BSE. The stock extended rally for the second consecutive session after the company released its Q4 results. In two days, the scrip gained nearly 12 per cent. At 12:27 PM, BEML shares were up 10.57 per cent at ₹4,108.55 per share on the BSE. In comparison, the BSE Sensex was up 0.52 per cent at 82,147.91. The market capitalisation of the company stood at ₹17,109.85 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 Q4 results 2025 The company released its fourth quarter (Q4Fy25) numbers on Friday after market hours. The company's consolidated net profit increased 12 per cent year-on-year (Y-o-Y) to ₹287.55 crore in Q4FY25, from ₹256.8 crore a year ago. The company's revenue rose 9 per cent Y-o-Y to ₹1,652.5 crore, from ₹1,513.6 crore a year ago. Its current order book as of March 31, 2025, stood at ₹1,035 crore and ₹1,564 crore worth of orders were executed during Q4. The company's total inventory for the quarter under review stood at ₹2,379.36 crore as compared to ₹ 2,255.9 crore 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. About BEML BEML Limited is a multi-technology 'Schedule A' company under the Ministry of Defence, which plays a pivotal role in serving India's core sectors like Defence, Rail, Power, Mining, and Construction. BEML operates in three verticals namely Defence & Aerospace, Mining & Construction, and Rail & Metro and has state-of-the-art manufacturing facilities located at Bangalore, Kolar Gold Fields (KGF), Mysore, Palakkad. BEML has a strong R&D infrastructure.
&w=3840&q=100)
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.
