BEML's January-March Net Profit Up, Revenue Jumps nearly 90% Sequentially

BEML posted a 12% rise in net profit for the March quarter at ₹2.88 billion, supported by higher revenue and a sharp sequential rebound in business. Revenue from operations grew 9.2% on year to ₹16.53 billion, while on a sequential basis, it surged 88.7%.

The company saw a marginal drop in other income to ₹41.4 million from ₹48.7 million a year ago. Total expenditure for the quarter rose to ₹12.61 billion from ₹11.71 billion, led by an increase in finance cost to ₹129.3 million from ₹107.3 million.

Tax outgo also increased to ₹1.07 billion from ₹908.1 million in the same quarter last year.

For the full year ended March, BEML’s net profit rose 3.9% to ₹2.94 billion despite a 0.8% dip in revenue to ₹40.22 billion.