BEML Ltd reported 5.6% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs738.31cr. The company essentially caters to the construction sector and that sector essentially saw some pick-up in activity taking it back to pre-COVID levels. The defence business has also shown traction in the quarter.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 6-fold at Rs28.07cr. While the material costs did escalate during the quarter in line with supply chain constraints, it was compensated by reducing the capital locked up in inventories. As a result, the PAT margins improved from 0.61% in Dec-19 to 3.80% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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BEML Ltd |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 738.31 |
₹ 699.15 |
5.60% |
₹ 669.54 |
10.27% |
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Net Profit (Rs cr) |
₹ 28.07 |
₹ 4.24 |
562.03% |
₹ 17.22 |
63.01% |
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Diluted EPS (Rs) |
₹ 6.64 |
₹ 1.02 |
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₹ 4.14 |
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Net Margins |
3.80% |
0.61% |
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2.57% |
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