BEML rose 1.28% to Rs 1,553.05 after the PSU company's consolidated net profit jumped 52.53% to Rs 16.26 crore in Q2 FY23 from Rs 10.66 crore in Q2 FY22.
Revenue from operations declined 19.5% year on year to Rs 804.86 crore in the quarter ended 30 September 2022.Total expenses declined 21.25% YoY to Rs 789.84 crore in Q2 FY23. Cost of raw material consumed was at Rs 587.60 crore (up 13.1%YoY) while finance cost stood at Rs 10.77 crore (down 13.90% YoY).
The PSU company's order book as of 30 September 2022 stood at Rs 8,804 crore. The defense company said it executed orders worth Rs 802 crore in the quarter ended September 2022.
BEML is a multi-technology schedule 'A' company under the Ministry of Defence. It has its operation under three business verticals viz. defence & aerospace, mining & construction and rail & metro. As on 30 September 2022, the Government of India held 54.03% stake in BEML.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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