On March 12, 2025, BEML Ltd announced that it has signed 2 Memorandums of Understanding (MoUs) to expand its presence in the rail and dredging sectors.
The company entered into a non-binding MoU with Siemens Limited, India, to jointly explore opportunities in the semi-high-speed and suburban passenger train segments, as well as metro and commuter rail markets.
“BEML Limited and Siemens Limited, India, have signed a non-binding Memorandum of Understanding (MoU) to jointly explore opportunities in the semi-high-speed and suburban passenger train segments, as well as metro and commuter rail markets,” BEML said in a regulatory filing.
Additionally, BEML signed an MoU with Dragflow S.R.L., Italy, to strengthen indigenous dredging solutions.
During Q3FY25, BEML reported a 1% increase in its revenue, rising from ₹1.036 crore to ₹1,047 crore. Its year-on-year (YoY) revenue also saw a 1% growth, increasing from ₹2,510 crore to ₹2,541 crore.
Additionally, profit after tax (PAT) for the nine months ending December 2023 grew from ₹0.56 crore to ₹26 crore, with the PAT margin improving from 0.02% to 1.02%. It’s worth noting that the company achieved better gross margins through a reduction in material costs, thanks to cost-effective measures. Furthermore, the reduction in workforce from 5248 employees in December 2022 to 4948 employees a year later contributed to lower manpower costs.
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Published on: Mar 13, 2025, 9:47 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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