Outcome of Board meeting
BEML · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BEML Ltd reported its highest-ever annual revenue of Rs 4,351 crores for FY2025-26, up 8.16% YoY, and highest-ever Q4 revenue of Rs 1,794 crores, up 8.57% YoY. The company achieved record Value of Production of Rs 4,239 crores and an all-time high order book of Rs 15,896 crores. Capex reached Rs 379 crores (record high) with R&D spending surging 150% to Rs 251 crores (6.25% of revenue). However, net profit after tax declined significantly to Rs 147.50 crores from Rs 294.19 crores in the previous year due to increased input costs and other expenses. The Board declared a 2nd Interim Dividend of Rs 2.30 per share and recommended a Final Dividend of Rs 0.55 per share, aggregating Rs 3.85 per equity share of face value Rs 5. Statutory Auditors issued unmodified opinion. Note: As currently there are no independent directors on the Board, the Audit Committee has not been constituted.
Strong revenue growth and record order book are positive signals, but the near 50% decline in net profit and elevated cost structure may concern investors. The total dividend of Rs 3.85 per share offers some return. The governance issue regarding missing independent directors is a compliance risk.