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


Indian public sector undertaking, BEML reported 18.2% growth in consolidated net profit to 157.7 crore in the fourth quarter for FY23, as against 133 crore in the same quarter a year ago. The PSU has also declared up to 50% dividends for its shareholders.

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.

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Updated: 26 May 2023, 03:42 PM IST

Article Source:Money Control

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