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BEML tumbles after dismal Q2 performance

Capital Market 

BEML declined 4.19% to Rs 1,003.15 after reporting a consolidated net loss of Rs 27.20 crore in Q2 September 2019 compared with net profit of Rs 16.63 crore in Q2 September 2018.

Net sales fell 6.4% to Rs 687.11 crore in Q2 September 2019 over Q2 September 2018. The result was announced on Saturday, 2 November 2019.

As on 30 September 2019, the company's order book stood at Rs 9568 crore. Orders worth Rs 2559 crore are executable in the current year and order worth Rs 7009 crore are executable in subsequent years.

BEML is engaged in the manufacture of rail coaches and spare parts, and mining equipment. The firm offers bulldozer, excavator, motor grader, wheel loader, dump trucks, railway coaches, rail wagons, metro cars and defense equipments.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 04 2019. 13:14 IST