BEML Q4 results: Consolidated PAT climbs 18% to ₹158 crore; PSU declares 50% dividend

Sequentially, BEML’s Q4FY23 PAT has more than doubled. Compared to December 2022 quarter where PAT stood at ₹66.30 crore, the growth is about 137.84%.

EBITDA too climbed by 25% to ₹287 crore in Q4FY23, as against ₹229.6 crore in Q4FY22. EBITDA margins expanded sharply to 20.6% in Q4FY23, versus 13.6% in Q4FY22.

Consolidated revenue from operations stood at ₹1,387.94 crore in Q4FY23, however, declining by 17.56% from ₹1,683.58 crore in Q4 of FY22. But on quarter-on-quarter, revenue was up by 33.85% from ₹1,036.97 crore in Q3FY23.

For the full year FY23, BEML’s PAT stood at ₹157.89 crore versus ₹128.59 crore. While revenue dipped steeply to ₹3,898.95 crore in FY23 as against ₹4,337.49 crore in FY22.

For shareholders, BEML announced a final dividend of ₹5 per share (i.e. 50% of paid-up share capital) for the year ended March 31, 2023. This is in addition to the ₹5 per share dividend that is already paid to investors.

Overall, in FY23, the company’s total dividend is ₹10 per share or 100% of the paid-up share capital.

On BSE, BEML’s share price closed at ₹1418.45 apiece up by 0.6%.

BEML is a smallcap stock on BSE, having a annual dividend yield of 0.70% at the current market price. The stock has climbed by nearly 19% on the exchange in a month.

Beml is a ‘Schedule ‘A’ company under Ministry of Defence, and is Asia’s second-largest manufacturer of earth moving equipment.

Updated: 26 May 2023, 03:42 PM IST