BEML Ltd

The key equity indices traded with minor losses in morning trade as investors remained cautious amid uncertainty surrounding US President Donald Trump's tariff plan. The Nifty traded below 23,550 mark. IT shares declined after advancing in the past trading session. At 10:25 IST, the barometer index, the S&P BSE Sensex, declined 246.16 points or 0.31% to 77,368.30. The Nifty 50 index fell 62.40 points or 0.26% to 23,529.55. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.29% and the S&P BSE Small-Cap index added 0.55%. The market breadth was weak. On the BSE, 2,215 shares rose and 1,308 shares fell. A total of 183 shares were unchanged. Buzing index: The Nifty IT index declined 1.33% to 37,049.50. The index jumped 0.57% in the past trading session. Wipro (down 1.98%), Infosys (down 1.78%), LTIMindtree (down 1.67%), HCL Technologies (down 1.15%), Tata Consultancy Services (down 1.13%), Mphasis (down 1.01%), Tech Mahindra (down 0.74%) and Persistent Systems (down 0.53%) declined. Stocks in Spotlight: BEML rallied 7.10% after the company announced that it has secured a metro car supply and maintenance contract from Bengaluru Metro Rail Corporation (BMRCL) worth Rs 405 crore. Jio Financial Services rose 0.97%. The company has subscribed to 8.5 crore equity shares of Jio Payments Bank for Rs 85 crore. This investment is made to fund the business operations of Jio Payments Bank. Post this investment, the company's holding in Jio Payments Bank will increase from 82.17% to 85.04%. Additionally, the company has acquired 1.73 crore equity shares of its subsidiary Jio Finance for Rs 1,000.24 crore. Jio Finance will utilize the proceeds to fund its business operations.Powered by Capital Market - Live

The contract is for the design, manufacture, supply, installation, testing, and commissioning of standard gauge metro cars, along with personnel training and comprehensive maintenance for up to fifteen years, for Bengaluru Metro Rail projects. BEML is a multi-technology schedule 'A' company under the Ministry of Defense. It operates under three major business verticals: defense & aerospace, mining & construction, and rail & metro. As of 31 December 2024, the Government of India held a 54.03% stake in BEML. The company's consolidated net profit dropped 49.4% to Rs 24.41 crore in Q3 FY25 as against Rs 48.20 crore posted in Q3 FY24. Revenue from operations fell 16.4% YoY to Rs 875.77 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

The frontline indices traded near the flatline with minor gains in mid-morning trade, supported by softer-than-expected inflation data from both the U.S. and India, which eased investor concerns. The Nifty traded above the 22,450 mark. Bank shares extended gains for the second consecutive trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex, rose 91.01 points or 0.12% to 74,103.60. The Nifty 50 index added 8.35 points or 0.04% to 22,478.85. The broader market underperformed the benchmark indices. The S&P BSE Mid-Cap index shed 0.08% and the S&P BSE Small-Cap index declined 0.18%. The market breadth was negative. On the BSE, 1,870 shares rose and 1,793 shares fell. A total of 154 shares were unchanged. Buzzing Index: The Nifty Bank index added 0.41% to 48,253.90. The index rallied 0.83% in two consecutive trading sessions. Bank of Baroda (up 1.59%), State Bank of India (up 0.81%), ICICI Bank (up 0.61%), Canara Bank (up 0.57%), HDFC Bank (up 0.46%), Punjab National Bank (up 0.37%), Axis Bank (up 0.21%) and Kotak Mahindra Bank (up 0.10%) advanced. On the other hand, IDFC First Bank (down 0.79%), Federal Bank (down 0.54%) and AU Small Finance Bank (down 0.35%) edged lower. Stocks in Spotlight: BEML rallied 3.24% after the company announced that it has signed two memorandums of understanding (MoUs) to expand its presence in the rail and dredging sectors. NTPC Green Energy added 0.29%. The company announced that its subsidiary, NTPC Renewable Energy, has declared the second and final phase of its 105 MW Shajapur Solar Project in Madhya Pradesh fully operational. Premier Explosives added 1.84% after the company announced that it has received an export order for Rs 21.45 crore from international clients. Global Markets: US Dow Jones index futures were down 138 points, indicating a negative opening in the US stocks today. Most Asian shares traded lower on Thursday, following an overnight rebound in U.S. tech stocks. However, persistent concerns over trade tensions and global economic uncertainties suggest that market volatility is not going away anytime soon. On Wednesday, major U.S. stock indices closed higher after a cooler-than-expected US CPI inflation report, but gains were tempered by renewed tariff threats from President Donald Trump. The S&P 500 climbed 0.5%, while the tech-heavy NASDAQ Composite surged 1.2%. The Dow Jones Industrial Average, however, edged 0.2% lower. Inflation data showed a slight cooling, with the U.S. consumer price index (CPI) rising 2.8% year-over-year in February, down from January's 3% increase. The core CPI, which excludes volatile food and energy prices, recorded a 3.1% uptick'its slowest pace since 2021. Despite easing inflation, investors remain wary. Trump's decision to impose 25% tariffs on all steel and aluminum imports has reignited fears of higher prices, potentially offsetting any economic relief from cooling inflation. The European Union quickly responded, announcing counter-tariffs on $28 billion worth of U.S. goods, set to take effect in April. Canada followed suit, slapping retaliatory tariffs on $21 billion worth of American imports, including steel and aluminum. As tensions mount, concerns of a global trade war are intensifying, raising the risk of rising consumer prices and potential job losses across key industries. Powered by Capital Market - Live

Shares of Siemens added 1.64% to currently trade at Rs 226.85 on the BSE. The company entered into a non-binding MoU with Siemens India to jointly explore opportunities in the semi-high-speed and suburban passenger train segments, as well as metro and commuter rail markets. Additionally, BEML signed an MoU with Dragflow S.R.L., Italy, to strengthen indigenous dredging solutions. BEML is a multi-technology schedule 'A' company under the Ministry of Defense. It operates under three major business verticals: defense & aerospace, mining & construction, and rail & metro. As of 31 December 2024, the Government of India held a 54.03% stake in BEML. Siemens intelligent infrastructure and buildings, efficient and clean power generation from fossil fuels and oil and gas applications, transmission and distribution of electrical energy, and passenger and freight transportation, including rail vehicles, rail automation, and rail electrification systems. Powered by Capital Market - Live

BEML announced that the Board of Directors of the Company at its meeting held on 6 February 2025, inter alia, have recommended the interim dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.Powered by Capital Market - Live

BEML has fixed 14 February 2025 as record date for payment of interim dividend of Rs 5 per equity share for FY 2024-25 to the eligible equity shareholders as on the record date.Powered by Capital Market - Live

Revenue from operations fell 16.4% YoY to Rs 875.77 crore in the quarter ended 31 December 2024. Profit before tax was at Rs 29.58 crore in the third quarter of FY25, down 55.8% from Rs 66.85 crore posted in the same period a year ago. Total expenses declined 16.1% YoY to Rs 850.70 crore in Q3 FY25. Cost of material consumed stood at Rs 394.99 crore (down 29% YoY) while employee benefit expenses was at Rs 206.71 crore (down 1.9%YoY) and finance cost stood at Rs 16.70 crore (up 122.1% YoY). Meanwhile, the company's board has declared interim dividend of Rs 5 per equity share for the financial year 2024-25. The company has fixed the record date as 14 February 2025 for payment of said interim dividend to the eligible equity shareholders as on the record date. BEML is a multi-technology schedule 'A' company under the Ministry of Defence. It operates under three major business verticals viz., defence & aerospace, mining & construction, and rail & metro. As on 31 December 2024, the Government of India held 54.03% stake in BEML. Powered by Capital Market - Live

Net profit of BEML declined 49.36% to Rs 24.41 crore in the quarter ended December 2024 as against Rs 48.20 crore during the previous quarter ended December 2023. Sales declined 16.35% to Rs 875.77 crore in the quarter ended December 2024 as against Rs 1046.97 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales875.771046.97 -16 OPM %6.895.34 - PBDT48.1782.63 -42 PBT29.5866.85 -56 NP24.4148.20 -49 Powered by Capital Market - Live

BEML will hold a meeting of the Board of Directors of the Company on 6 February 2025.Powered by Capital Market - Live

BEML, a defence public sector undertaking under the ministry of defence, highlighted the importance of this milestone. The HMV 8x8 is engineered to perform reliably and efficiently in demanding environments. Key features include an independent suspension system, high-power air-cooled engine, central tyre inflation system, anti-lock braking system, and a backbone tube chassis design'ensuring superior mobility, stability, and operational safety. These vehicles are designed to operate in extreme conditions, ranging from -20'C to +55'C, and at altitudes up to 5,000 meters above sea level. The modular architecture allows seamless integration of various superstructures, reducing costs and improving commonality across BEML's military vehicle range, which spans from 4x4 to 12x12 configurations. This innovation optimizes maintenance and logistics, significantly enhancing operational efficiency for the armed forces. 'These vehicles will play a pivotal role in the Battle Field Surveillance System (BFSS) Project, reinforcing India's defence capabilities and advancing the government's vision of Atmanirbhar Bharat,' the firm stated. Shantanu Roy, CMD, BEML, stated, This contract is a testament to BEML's unwavering commitment to innovation and self-reliance in defence manufacturing. The indigenously developed HMV 8x8 vehicles showcase our engineering excellence and dedication to equipping India's armed forces with cutting-edge mobility solutions. As a proud partner in the nation's Atmanirbhar Bharat mission, we remain steadfast in our efforts to contribute to India's defence preparedness and strategic capabilities. BEML is a multi-technology schedule 'A' company under the Ministry of Defence. It operates under three major business verticals: defense & aerospace, mining & construction, and rail & metro. As of 30 September 2024, the Government of India held a 54.03% stake in BEML. The company's consolidated net profit declined 1.47% to Rs 51.03 crore on a 6.21% fall in sales to Rs 859.84 crore in Q2 FY25 as compared with Q2 FY24. Powered by Capital Market - Live