State-run BEMLs profit remains steady during Q2; stock declines over 2%
Miniratna enterprise for the September quarter posted steady Q2 performance, with a marginal decline in standalone profitability for the period.
State-run BEML Ltd. reported its Q2 earnings on Monday (November 11). For the reporting quarter, the company's revenue slipped to Rs 859 crore from Rs 916 crore in the same period a year-ago.
Consolidated profit at the concern came in marginally higher at Rs 51.8 crore in comparison to Rs 51 crore in the September quarter of the previous year.
On the operatioal front, the company's EBITDA grew to Rs 73 crore as against Rs 61.5 crore in the year-ago period., while the margin soared to Rs 8.49 per cent during the reporting quarter, in comparison to 6.7 per cent in the same period a-year ago.
As per the company's filing, orders booked during the September quarter were at Rs 444 crore, while those executed during the review period amounted to Rs 811 crore.
Further as of the September end, orders executable in the current year are at Rs 2,784 crore.
Earnings per share at the company also got reduced to Rs 12.34 per share in the September quarter of the current year, in comparison to Rs 12.51 per share. It was in the previous quarter in the negative at Rs -16.82 per share.
About BEML
BEML Limited is engaged in manufacture of rail coaches and spare parts and mining equipment. Its segment includes Mining & Construction, Rail & Metro and Defense.
(This is a developing story. Stay tuned for more)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.