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BEML Share Price in Focus: Signed 2 MoUs in Rail and Dredging Sector

Written by: Sachin GuptaUpdated on: Mar 13, 2025, 3:17 PM IST
BEML signed a non-binding MoU with Siemens Limited to explore opportunities in the semi-high-speed and suburban passenger train segments.
BEML Share Price in Focus: Signed 2 MoUs in Rail and Dredging Sector
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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.

BEML Q3FY25 Performance

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.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

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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