State-Owned Engineering Co Declares 18% Surge In Profit, Rs 5.00/Share Dividend

Leading state-owned heavy equipment maker operating in Engineering sector, BEML Ltd on May 26 declared 18% surge in its net profit for fourth quarter to Rs at Rs 158.22 crore against Rs 134.50 crore reported in the corresponding quarter a year ago. Board of BEML also recommended a final dividend of Rs 5 per share. BEML Ltd share price is Rs 1423.95 apiece with intraday gain of 0.94% on BSE. Check details below:

BEML Ltd Declares Dividend: According to the regulatory filing of the company, "It may be noted that the Board of Directors had declared an Interim Dividend of Rs. 5.00 per equity share on 10.02.2023 which was paid to the eligible shareholders. Further, the Board of Directors have recommended a final dividend of Rs 5.00 per equity share (i.e. 50% of paid-up share capital) for the year ended 31.03.2023, aggregating to Rs.10 per equity share (100% of paid-up share capital)."

BEML Ltd Q4: The mid cap company reported its net sales for March 2023 at Rs 1387.94 crore down 18% from Rs 1683.59 crore reported in corresponding quarter of last year. Its EBITDA announced at Rs. 306.26 crore for March 2023, up 31.94% from Rs 232.12 crore reported in March 2022. BEML EPS surged to Rs. 37.99 in March 2023 as against Rs. 32.30 reported in March 2022.

BEML Ltd Stock Performance & Return: BEML stock's last trading price on BSE 1423.95 per share on BSE. BEML Ltd share 52-week high price is Rs 1659.00 per share and 52-week low price is Rs 922.74 per share, respectively. BEML has a market capitalisation of Rs 5,929.97 crore. BEML shares gave return of 18% in last 1-month only, 35% in last 1-year, 30% in last 2-years, and 198% in last 3-years.

BEML About: BEML (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 of its Bangalore Complex. BEML is a Schedule A company under Ministry Of Defence, Govt Of India and plays a key role and serves India's core sectors like Defence, Rail, Power, Mining, and Infrastructure, according to its official website.