BEML rallied 14.59% to Rs 3678.20 after the company's consolidated net profit jumped 62.85% to Rs 256.80 crore in Q4 FY24 as compared with Rs 157.69 crore in Q4 FY23.
Revenue from operations increased 9.06% to Rs 1513.65 crore in Q4 FY24.In Q4 FY24, profit before tax (PBT) stood at Rs 347.60 crore, up 25.26% YoY.
Total expenses rose 3.65% YoY to Rs 1,170.65 crore in Q4 FY24. Cost of material consumed stood at Rs 844.39 crore (up 29.56% YoY) while employee benefit expenses was at Rs 196.74 crore (down 2.63%YoY) and finance cost stood at Rs 10.73 crore (down 12.12% YoY).
As on 31 March 2024, the order book stood at Rs 1,126 crore. The defence company said it executed orders worth Rs 1,484 in during the quarter.
Meanwhile, the companys board has declared a dividend of Rs 15 per share for FY24.
BEML is a multi-technology schedule 'A' company under the Ministry of Defence. It operates under three major business verticals viz., defence & aerospace, mining & construction, and rail & metro. As on 31 March 2024, the Government of India held 54.03% stake in BEML.
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