Shares of BEML Ltd dropped 1.75% after touching a day’s high of Rs 1,801.70 on 3rd December, despite the company announcing that it has secured a Rs 414-crore order from Bangalore Metro Rail Corporation Ltd (BMRCL) to supply additional trainsets for the Namma Metro Phase II project.

The new order strengthens BEML’s growing rail and metro portfolio. This is a key business segment alongside defence, aerospace, and mining and construction.

BEML is a Schedule A public sector company under the Ministry of Defence. It is majority-owned by the Government of India, which held a 53.86% stake as of 30th June, 2025.

In its July–September FY26 results, BEML posted a 6% decline in net profit to Rs 48 crore from Rs 51 crore a year ago. Revenue fell 2.4% to Rs 839 crore. Meanwhile, EBITDA remained steady at Rs 73 crore. Operating margins improved slightly to 8.7% from 8.5%, reflecting effective cost management.

At 2:28 PM, shares of BEML Ltd were trading 1.77% lower at Rs 1,761.30 on NSE.

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