BEML Q2 Results: Revenue declined by 7.00% year-over-year (YoY) to Rs. 860 crore, while net profit declined by 2.00% YoY to Rs. 51 crore.
NSE: BEML: Rs.4,092.00 (-2.38%)
BEML Ltd manufactures a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defense forces and coaches for the metro and Indian Railways.
Revenue
Revenue for the current quarter (Sep 2024) is Rs. 860 crore which is Rs. 634 crore more than the revenue in the previous quarter (Jun 2024). However, it is lower than the revenue for the same quarter last year (Sep 2023) which was Rs. 917 crore.
Net Profit
Net Profit for the current quarter (Sep 2024) is Rs. 51 crore, which is loss of Rs. 70 crore the net profit in the previous quarter (Jun 2024). However, compared to the same quarter last year, it is slightly lower than the net profit of Rs. 52 crore for Sep 2023.
Profit Margin
The profit margin for the current quarter (Sep 2024) is 8%, which is 8 percentage points higher than the profit margin of 0% in the previous quarter (Jun 2024). Compared to the same quarter last year (Sep 2023), when the profit margin was 6%, it has increased by 2 percentage points.
Other Income
Other income for the current quarter (Sep 2024) is Rs. 15 crore, which is Rs. 1 crore more than the other income for the previous quarter (Jun 2024). However, compared to the same quarter last year, it is higher than the other income of Rs. 10 crore for Sep 2023.