BEML shares soar 22% in three days as Q4 earnings impress the D-Street
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Shares of state-owned BEML Ltd have rallied 22% over the past three trading sessions, to a high of Rs 4,437.95, hit today, buoyed by its Q4 results that impressed the Street. The mining and heavy equipment manufacturer reported an 11.9% year-on-year rise in consolidated profit to Rs 287.55 crore for the quarter ended March 31, 2025. This is compared to Rs 256.80 crore in the same quarter last year. The company’s revenue for the January–March quarter also saw an uptick, climbing to Rs 1,656.36 crore from Rs 1,518.25 crore a year ago. The market responded positively to this consistent operational performance, propelling the stock sharply higher. For the full financial year, BEML posted a marginal rise in profit to Rs 292.52 crore, up from Rs 281.77 crore in FY24. However, annual revenue declined slightly to Rs 4,045.95 crore from Rs 4,096.56 crore in the previous fiscal. BEML Limited, formerly known as Bharat Earth Movers Limited, is a publ...