BEML shares have skyrocket today in Monday morning session. BEML shares have surged by more than 12% today and this has happened after the Q4 results. BEML shares has closed at Rs 7,675.00. BEML stock have performed well in Q4 results. Net profit has increased to Rs 256.8 crore for the quarter ended March 2024, which is 62% Year-on-Year (YoY) increase from last year's net profit of Rs 157.7 crore.

BEML Shares Price on NSE/BSE

– BEML has increased its net profit by 62% year-on-year (YoY) to Rs 256.8 crore for the quarter ending March 2024. – The company's EBITDA (earnings before interest, taxes, depreciation, and amortization) has increased by 29% to Rs 370.4 which was 20% last year. – The board of directors of BEML company has announced a final dividend of Rs 15.50 per equity share for the shareholders. – The net income of the company has increased by 9% to Rs 1,513.7 crore in the last year.

BEML Shares Q4 Results of FY24 highlights

In the last 5 years, BEML (Bharat Earth Movers Limited) revenue growth has been weaker than industry growth. The industry revenue growth rate was 14.91% and BEML (Bharat Earth Movers Limited) revenue growth rate was 3.74% and BEML (Bharat Earth Movers Limited) market share has also decline from 42.91% to 26.2% and net income has grown at a yearly rate of 4.02% as compared to the average rate of 58.61%.

Financial History of BEML

BEML is known as Bharat Earth Movers Limited or it is an Indian public sector undertaking (PSU) manufacturing company which manufactures various types of heavy equipment. Or it involves railway, transport and mining. BEML is one of the second largest earth moving companies in Asia. The stocks of this company are traded on both NSE and BSE. BEML was established on 11th May 1964 and its headquarters is in Bangalore, India.

About BEML (Bharat Earth Movers Limited)

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