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Business Standard
7 days ago
- Business
- Business Standard
BEML shares gain 3% on ₹294 crore order win; details here
Shares of BEML Ltd. rose over 3 per cent on Thursday after the company bagged a ₹294 crore order from the Ministry of Defence for HMV 6X6 supply. The construction vehicle maker's stock rose as much as 3.2 per cent during the day to ₹4,423.2 per share. The stock pared gains to trade 0.8 per cent higher at ₹4,322 apiece, compared to a 0.7 per cent decline in Nifty 50 as of 12:15 PM. Shares of the company snapped a six-straight-day days of losing streak and dropped over 10 per cent from their June highs. The counter has risen 6.2 per cent this year, compared to a 6.5 per cent advance in the benchmark Nifty 50. BEML has a total market capitalisation of ₹18,002.71 crore, according to BSE data. BEML's ₹294 crore order win The company secured an order from the Ministry of Defence for the supply of HMV 6x6 vehicles, with a contract value of approximately Rs 293.82 crore, according to an exchange filing on Wednesday. The vehicles will primarily be manufactured at BEML's Palakkad and Mysore plants, with additional production to be undertaken at other divisions based on operational feasibility. Designed to deliver high reliability and versatility, the 6x6 HMVs are built to operate effectively in extreme terrains, diverse climatic conditions and at high altitudes. "This order showcases BEML's expertise and capacity in delivering advanced indigenous products that enhance India's defence infrastructure," said Shantanu Roy, chairman and managing director of BEML. BEML stock split The company said earlier this week that the board of directors has greenlit the proposal for a stock split in the ratio of 1:2. A stock split increases the number of outstanding shares in the market without adjusting the value of an investor's total holdings. BEML financials BEML reported a double-digit surge of 12 per cent in its profit after tax (PAT) to ₹287.5 crore in the fourth quarter of the financial year 2024-2025 (Q4FY25), from ₹256.80 crore reported in the corresponding quarter of the previous fiscal year. Revenue from operations stood at ₹1,652.53 crore in Q4FY25, up by 9.18 per cent from ₹1,513.65 crore reported in Q4FY24. About BEML BEML Limited, formerly known as Bharat Earth Movers Limited, is an Indian public sector undertaking established in May 1964 and headquartered in Bengaluru. The company is a key player in India's infrastructure and defence sectors, manufacturing heavy equipment for mining, construction, defense, and rail & metro applications. It operates through three core business verticals, Defence and Aerospace, Mining and Construction, and Rail and Metro.
Business Standard
7 days ago
- Business
- Business Standard
BEML gains after securing Rs 294-cr defence order
BEML advanced 2.06% to Rs 4,374.20 after the company announced that it had secured an order worth Rs 293.82 crore from the Ministry of Defence for the supply of HMV 6X6 vehicles. According to an exchange filing, the official announcement was made on 23 July 2025, after market hours. BEML is a leading multi-technology 'Schedule A' company under the Ministry of Defence. It operates in three verticals viz. defence & aerospace, mining & construction and rail & metro. As of 30 June 2025, the Government of India held a 53.86% stake in BEML. The companys consolidated net profit jumped 11.97% to Rs 287.55 crore while revenue from operations rose 9.17% to Rs 1,652.53 crore in Q4 March 2025 over Q4 March 2024.
Economic Times
7 days ago
- Business
- Economic Times
BEML shares in focus after winning Rs 294-crore order from Defence Ministry for HMV 6X6 supply
Shares of state-run BEML will be in focus on Thursday after the company announced it had secured an order worth approximately Rs 293.82 crore from the Ministry of Defence for the supply of High Mobility Vehicles (HMV) 6x6. ADVERTISEMENT 'BEML Limited has bagged an order from the Ministry of Defence for the supply of HMV 6X6 with a contract value of Rs 293.82 crore approximately,' the company said in a stock exchange filing. In June, BEML also signed three licensing agreements with the Defence Research and Development Organisation's (DRDO) Vehicle Research and Development Establishment (VRDE) to manufacture advanced mobility and support systems for the Indian Army's Armoured Corps. Under the agreements, BEML will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for the MBT Arjun tank, as well as a full trailer for a 70-tonne tank transporter equipped with an advanced hydraulic suspension system.'This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through next-generation, indigenous solutions, aligned with the Government of India's Aatmanirbhar Bharat vision,' BEML said in a statement. ADVERTISEMENT For the quarter ended March 31, 2025, BEML posted a net profit of Rs 287.5 crore, up 12% from Rs 257 crore in the same quarter last year. Revenue rose 9.1% year-on-year to Rs 1,652.5 crore, driven by strong performance across business increased 13.9% to Rs 422.6 crore, while operating margins improved to 25.57% from 24.5% a year earlier, reflecting better cost efficiency. ADVERTISEMENT Headquartered in Bengaluru, BEML is a key manufacturer of earthmoving, rail, transport, and mining of BEML closed at Rs 4,286.10 on the BSE, down Rs 58.70 or 1.35%. ADVERTISEMENT According to Trendlyne, the average target price for BEML is Rs 4,129, suggesting a potential downside of around 4% from current levels. Of the two analysts tracking the stock, the consensus rating is 'Buy. ' (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
7 days ago
- Business
- Time of India
BEML shares in focus after winning Rs 294-crore order from Defence Ministry for HMV 6X6 supply
Shares of state-run BEML will be in focus on Thursday after the company announced it had secured an order worth approximately Rs 293.82 crore from the Ministry of Defence for the supply of High Mobility Vehicles (HMV) 6x6. 'BEML Limited has bagged an order from the Ministry of Defence for the supply of HMV 6X6 with a contract value of Rs 293.82 crore approximately,' the company said in a stock exchange filing. Explore courses from Top Institutes in Please select course: Select a Course Category CXO Others Public Policy Technology Management Digital Marketing healthcare Finance Data Science Product Management Artificial Intelligence MCA Data Science Cybersecurity Degree Design Thinking others PGDM MBA Leadership Healthcare Project Management Operations Management Data Analytics Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Malaysia: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo In June, BEML also signed three licensing agreements with the Defence Research and Development Organisation's (DRDO) Vehicle Research and Development Establishment (VRDE) to manufacture advanced mobility and support systems for the Indian Army's Armoured Corps. Under the agreements, BEML will indigenously develop and produce the Unit Maintenance Vehicle (UMV) and Unit Repair Vehicle (URV) for the MBT Arjun tank, as well as a full trailer for a 70-tonne tank transporter equipped with an advanced hydraulic suspension system. 'This collaboration marks a significant milestone in enhancing the Indian Army's operational capabilities through next-generation, indigenous solutions, aligned with the Government of India's Aatmanirbhar Bharat vision,' BEML said in a statement. Live Events BEML Q4 earnings For the quarter ended March 31, 2025, BEML posted a net profit of Rs 287.5 crore, up 12% from Rs 257 crore in the same quarter last year. Revenue rose 9.1% year-on-year to Rs 1,652.5 crore, driven by strong performance across business segments. EBITDA increased 13.9% to Rs 422.6 crore, while operating margins improved to 25.57% from 24.5% a year earlier, reflecting better cost efficiency. Headquartered in Bengaluru, BEML is a key manufacturer of earthmoving, rail, transport, and mining equipment. Shares of BEML closed at Rs 4,286.10 on the BSE, down Rs 58.70 or 1.35%. BEML share price target According to Trendlyne, the average target price for BEML is Rs 4,129, suggesting a potential downside of around 4% from current levels. Of the two analysts tracking the stock, the consensus rating is 'Buy. ' ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Upturn
7 days ago
- Business
- Business Upturn
Top stocks to watch today, July 24: Infosys, Tata Consumer Products, Coforge, Persistent Systems, BEML and more
A range of companies are in focus on July 24 as markets respond to corporate earnings, strategic acquisitions, fundraises, and fresh order updates. Here is a round-up of key developments that may influence stock movements today: Stocks to Watch Today – July 24, 2025 Infosys: The company reported a stronger-than-expected Q1 performance and raised its constant currency revenue growth guidance for FY26 to 1–3%, up from the earlier 0–3% range. Tata Consumer Products: Q1 earnings came largely in line with estimates. While gross margins saw pressure, operational efficiencies helped contain the decline. Coforge: Posted an 8% constant currency revenue growth for Q1, ahead of the estimated 6.5–7%. Overall results aligned with street expectations. Persistent Systems: EBIT margin stood at 15.5%, in line with forecasts. Total contract value (TCV) rose 2% on a sequential basis. IndusInd Bank: The bank announced a plan to raise up to ₹30,000 crore and has sought RBI approval to allow its promoters to nominate two directors. Bajaj Housing Finance: The company reported a 24% year-on-year rise in assets under management (AUM), while net interest margins (NIMs) remained stable at 4% on a sequential basis. Tilaknagar Industries: The company confirmed its acquisition of the Imperial Blue business division from Pernod Ricard for an enterprise value of ₹4,150 crore. Natco Pharma: The company will acquire a 35.75% equity stake in Adcock Ingram, South Africa, for ₹2,000 crore. This was previously reported and now confirmed. BEML: Announced a defence order worth ₹294 crore from the Ministry of Defence for the supply of HMV 6×6 vehicles. Bikaji Foods: Q1 revenue rose 14.2% year-on-year, while EBITDA increased by 5.1%. Oracle Financial Services Software (OFSS): Q1 revenue rose 7.9% sequentially. Margins stood at 45.8%, compared to 44.6% in the previous quarter. Borosil Renewables: Revenue grew 37.5% year-on-year in Q1, with adjusted EBITDA margin expanding to 26.2% from 11.2% a year ago. Mukand: The company will sell 17.77 acres of land in Thane for approximately ₹673 crore. CMS Info Systems: Reported 3.1% growth in EBITDA and a 4.7% year-on-year rise in revenue. Force Motors: EBITDA rose 33% in Q1. Operating margin improved to 14.4% from 13.2% a year ago. Tanla Platforms: Entered into a partnership with an overseas telecom operator to deploy its AI-native platform. Sunteck Realty: Signed a joint development agreement for a new residential project in Mira Road, Mumbai. Dr. Reddy's Laboratories (DRL): North America sales declined 11%. The company guided for flat to low single-digit growth in its US business for FY26. Indian Energy Exchange (IEX): The Central Electricity Regulatory Commission (CERC) approved market coupling in the Day-Ahead Market, to be rolled out in phases. Cigniti Technologies: EBIT remained flat sequentially, with a margin of 15.24% compared to 15.31% in the previous quarter. Supreme Petrochem: EBITDA fell 20.8% quarter-on-quarter. Margins declined to 8.28% from 9.41%. Allcargo Logistics: June LCL (Less-than-Container Load) volumes declined 3%, while FCL (Full Container Load) volumes fell 4% on a month-on-month basis. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash
