BEML Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
January 25, 2012 at 03:38 pm IST
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BEML Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported net sales of INR 5,745 million, profit before tax of INR 470.0 million, net profit of INR 400.7 million or INR 9.62 basic and diluted per share as compared to net sales of INR 6,581.8 million, profit before tax of INR 687.1 million, net profit of INR 503.7 million or INR 12.10 basic and diluted per share for the same period last year. Profit from operations before interest and exceptional items were INR 544 million against INR 559 million a year ago.
For the nine months, the company reported net sales of INR 19,208.8 million, profit before tax of INR 880.5 million, net profit of INR 712.4 million or INR 17.11 basic and diluted per share as compared to net sales of INR 16,943.0 million, profit before tax of INR 1,036.7 million, net profit of INR 795.1 million or INR 19.09 basic and diluted per share for the same period last year. Profit from operations before interest and exceptional items were INR 886.2 million against INR 696.4 million a year ago.
BEML Limited is an India-based company, which operates under three major business verticals, such as Defence and Aerospace, Mining and Construction, and Rail and Metro. Its Defence and Aerospace business manufactures and supplies defense ground support equipment, such as Tatra-based high mobility trucks, aircraft towing tractors, medium and heavy recovery vehicles, pontoon mainstream bridge systems and others. Its Mining and Construction business, manufactures and supplies equipment, such as hydraulic excavators, bulldozers, wheel loaders, wheel dozers, dump trucks, motor graders, pipe layers, tire handlers, water sprinklers and backhoe loaders for various user segments. Its Rail and Metro business, manufactures and supplies rail coaches, metro cars, alternating current electric multiple units (ACEMUs), overhead equipment (OHE) cars, steel and aluminum wagons for the rail and metro sector. It has four manufacturing complexes located in Bengaluru, Kolar Gold Fields, Mysuru and Palakkad.