 "BEML surges 7% on good Q4 results")
BEML surged 7% to Rs 1,253 on the BSE in early morning trade after the company reported 26.5% year-on-year growth in its standalone net profit at Rs 186 crore in the March quarter against Rs 147 crore reported in the same quarter last year. The company had posted profit of Rs 22 crore in the December quarter.
Operational revenues grew 17% to Rs 1,316 crore in the reporting quarter against Rs 1,124 crore in the corresponding quarter of previous fiscal year.
The board of directors of the company has recommended a dividend @ Rs 8/- per equity share (80%) for the year 2016-17.
At 09:27 am; the stock was up 6.6% at Rs 1,247 on BSE against 0.08% decline in the S&P BSE Sensex. A combined 295,138 shares changed hands on the counter on BSE and NSE so far.
Operational revenues grew 17% to Rs 1,316 crore in the reporting quarter against Rs 1,124 crore in the corresponding quarter of previous fiscal year.
The board of directors of the company has recommended a dividend @ Rs 8/- per equity share (80%) for the year 2016-17.
At 09:27 am; the stock was up 6.6% at Rs 1,247 on BSE against 0.08% decline in the S&P BSE Sensex. A combined 295,138 shares changed hands on the counter on BSE and NSE so far.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%