BEML Ltd announced strong financial results for the March 2025 quarter, with its net profit rising by nearly 12 percent to Rs 288 crore. This is a clear improvement compared to Rs 256.8 crore in the same quarter last year. The company also reported a healthy growth in revenue from operations, which climbed over 9 percent to Rs 1,652.53 crore, up from Rs 1,513.65 crore in Q4 FY24.
Though the company witnessed a strong quarterly performance, its final dividend declaration for FY25 has been delayed. In its regulatory update, the company revealed that its Board of Directors delayed the final dividend declaration. But the company declared a second interim dividend amounting to Rs 15 per equity share on May 9 and May 15 is the declared record date for its eligibility.
Post the outcome, BEML shares rose more than 3 percent during intraday trade and the stock last traded at Rs 3,735 a share. The stock has performed well over the last month, gaining almost 19 percent riding the defence sector momentum. On a year-to-date basis, the stock remains down about 9 percent.
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Source: Moneycontrol
News Desk
