Rs 15.50/Share Dividend Declared: Multibagger Defence PSU Declares 62.85% YoY Jump In Profit

Defence sector public sector undertaking BEML Ltd. today declared its consolidated profit for the quarter ended March 31, 2024 at Rs 256.8 crore, up 62.85% year-on-year (YoY) as compared to Rs 157.69 crore declared in the corresponding quarter of last year. Last trading price of BEML Ltd share on BSE is Rs 3209.80 per share. Board of Directors of BEML Ltd recommended final dividend of Rs 15.50 per equity share. BEML share offered return of 129% in last 1-year and declined 9% in last 1-week. More details below:

BEML Ltd Recommends Dividend: The BSE filing of the company stated on May 12, "the Board of Directors have recommended Final Dividend of Rs.15.50 per equity share (i.e.155 % of paid-up share capital)."

BEML Quarterly Results: The company announced its March 2024 quarter consolidated revenue from operations at Rs 1513.65 crore, up 9.05% as against Rs 1387.9 crore declared in the similar quarter of last year. EPS of BEL came at 61.66 for March 2024 quarter from 37.87 in March 2023. The company announced its total income at Rs 1518.2 crore for the quarter under review from Rs 1406.9 crore. Meanwhile, total expenses for March 2024 quarter arrived at Rs 1170.6 crore from Rs 1129.3 crore in March 2023.

BEML Share Performance: The 52-week high price of BEML Ltd share on BSE 4139.40 apiece (as on 02/02/2024) and 52-week low price is Rs 1365.00 per share (as on 12/05/2023). The company has a market capitalisation of Rs 13,367.05 crore. BEML shares gained 48% in 6-months, rose 155% in 2-years, and offered attractive return of 356% in last 5-years.

About: BEML Limited (formerly Bharat Earth Movers Limited) was established in May 1964 as a Public Sector Undertaking for manufacture of Rail Coaches & Spare Parts and Mining Equipment at its Bangalore Complex. The Company is a listed on both Exchanges (BSE & NSE) with Government of India owning 54.03% and rest 44.97% is held by Financial Institutions, Foreign Institutional Investors, Banks, Public and Employees. BEML Limited, a 'Schedule 'A' Company under Ministry of Defence, Govt. Of India, plays a pivotal role and serves India's core sectors like Defence, Rail, Power, Mining and Infrastructure, according to its official website.

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