BEML profit up 26% at Rs 37 crore

BS 200 Scorecard

Engineering giant Bharat Earth Movers Limited (BEML) registered a 25.75 per cent rise in its net profit at Rs 36.57 crore during the second quarter ended September 30, 2006. Its sales turnover went up by 68.05 per cent to Rs 643.97 crore during the quarter.

The board of directors of the company, which met here on Friday, said in a release that the implementation of the new restructuring during the last six months helped the company to improve its performance. BEML is also poised to notch a total turnover of Rs 2,600 crore for the current financial year, including exports of Rs 100 crore. The company's current order book position stands at Rs 2,216 crore.

The company reported a higher net profit of Rs 51.58 crore for the first half of FY07, a growth of 24.31 per cent over the corresponding period of the previous year. The company reported a sales turnover of Rs 1,013.56 crore during the first half of FY07 as against Rs 786.39 crore reported in the same period last year, recording a growth of 28.89 per cent.