Shares of BEML Ltd, a state-owned company, have declared a second interim dividend of Rs 15 per equity share (150%) for the fiscal year 2024-25. Each equity share has a face value of Rs 10.
The dividend’s record date has been scheduled for 15 May 2025, the business announced in an exchange filing on Friday, 9 May. During the last fiscal year, BEML Ltd. distributed an equity dividend of Rs 35.50 per share.
The company’s December quarter results were dismal, although reducing costs helped the company’s operating performance. The company’s net profit was Rs 24.4 crore, virtually halving from the same period the previous year. In the same quarter of the previous year, it reported a profit of Rs 48.2 crore.
The quarterly revenue decreased by 16.3% to Rs 876 crore from Rs 1,047 crore in the previous quarter.
The company’s EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) for the quarter climbed by 8% from the year-ago period to Rs 60.6 crore, while margins improved to 7%, a 160 basis points gain from 5.4% last year.
A reduction in other expenses, as well as employee benefit expenses, helped increase BEML’s margins during the quarter.
At 3:30 pm, the shares of BEML were trading 1.63% higher at Rs 3,063 on NSE.
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