The Quarter 4 Was Profitable for BEML – Had Profit of Rs 187 Crore
On Friday, BEML has revealed that it has a flat standalone profit of Rs 187.6 crore for the quarter ended March 2018. Even a year ago, the company had posted a standalone profit of Rs 186.4 crore.
Bharat Earth Movers Limited, now known as BEML, is an Indian public sector undertaking, with headquarters in Bengaluru. It manufactures a variety of heavy equipment, such as that used for earth moving, transport and mining.
The standalone income of BEML during fourth quarter declined to Rs 1,264.41 crore, over Rs 1,345.67 crore in the year-ago period. Company has also informed that the total expenses of the company have dropped to Rs 1,042.37 crore, over Rs 1,145.42 crore in the year-ago period.
Bharat Earth Movers Ltd operates under three major business verticals viz, mining and construction, defence and rail and metro. The three verticals are serviced by nine manufacturing units located at Bengaluru, Kolar Gold Fields (KGF), Mysore, Palakkad and Subsidiary – Vignyan Industries Ltd, in Chikmagalur district.