Earnings | BEML Limited (NSE:BEML): Q3FY23 Results Out; Total Income rise 2% YoY

BEML Limited (NSE:BEML) is a public sector company under the Ministry of Defence, Government of India. The company is primarily engaged in manufacturing and selling of earthmoving equipment and mining machinery. It also manufactures rail coaches and spare parts for the Indian Railways. BEML is headquartered in Bengaluru, Karnataka, and has manufacturing facilities in Bengaluru, Kolar, and Mysuru. The company also has a presence in international markets and exports its products to various countries.

BEML Ltd. has reported a total income of Rs. 1039.59 crore during the quarter ended December 31, 2022, compared to Rs. 806.11 crore during the quarter ended September 30, 2022. The company has posted a net profit of Rs. 66.30 crore for the period ended December 31, 2022, as compared to a net profit of Rs. 16.26 crore for the period ended September 30, 2022. The company’s EPS stood at Rs. 15.92 for the period ended December 31, 2022, as compared to Rs. 3.90 for the period ended September 30, 2022.

For the 9-month period ended December 31, 2022, BEML Ltd. reported a total income of Rs. 2515.64 crore, compared to Rs. 2658.2 crores for the corresponding period in 2021. The company posted a net profit of Rs. 0.20 crore for the 9-month period ended December 31, 2022, as compared to a net loss of Rs. 4.85 crore for the corresponding period in 2021. The company’s EPS stood at Rs. 0.05 for the 9-month period ended December 31, 2022, as compared to a negative EPS of Rs. 1.16 for the corresponding period in 2021.