BEML Ltd, a prominent mining and construction equipment manufacturer in India, has recently unveiled its financial results for the fourth quarter (Q4) and the entire fiscal year 2023, concluding on March 31.
Here are the noteworthy highlights:
Quarterly Updates
In Q4FY23, BEML recorded a total revenue of Rs 1387.94 crore, demonstrating a decline from the previous year’s Q4 figure of Rs 1,683.59 crore. Despite this, the company showcased positive growth in its Profit Before Tax (PBT), which surged by 35.20% compared to Q4FY22, reaching Rs 278.04 crore. The Profit After Tax (PAT) also experienced a healthy increase of 17.63% over Q4FY22, resulting in a figure of Rs 158.22 crore. The earnings per share (EPS) for the quarter settled at Rs 37.91.
Annual Updates
For the fiscal year 2023 as a whole, BEML’s total revenue amounted to Rs 3,898.95 crore, marking a decrease from the previous fiscal year’s figure of Rs 4,337.49 crore. However, the company showcased growth in its Profit Before Tax (PBT) for the year, with a notable increase of 35.41% over FY22, reaching Rs 278.60 crore. The Profit After Tax (PAT) also witnessed a positive rise of 17.97% compared to FY22, resulting in a figure of Rs 158.78 crore. The earnings per share (EPS) for FY23 settled at Rs 37.95. Additionally, as of March 31, 2023, BEML’s total order book stood at Rs 8,570 crore.
Furthermore, BEML Ltd declared a final dividend of Rs 5 per equity share, which accounts for 50% of the paid-up share capital, for the fiscal year ending on March 31, 2023. This dividend aggregates to Rs 10 per equity share, representing 100% of the paid-up share capital.
On Wednesday, BEML Ltd shares, rose by 1% to reach an intraday high of Rs 1,448.65 per share, surpassing its previous closing price of Rs 1,433.95. At 11:30 am, shares of the company were trading at Rs 1,446 per share, up 0.84%.
BEML currently boasts a market cap of over Rs 6,000 crore and has exhibited an impressive three-year Compound Annual Growth Rate (CAGR) of 46%. The stock has delivered a remarkable return of 23% within a year, and for three years, it has achieved multibagger returns of 198%.
Investors should keep an eye on this stock.
